Simple trend reversal pattern identification.
Pattern preceded by Down trend
Pattern location is very important for pattern to workout.
here pattern is formed exactly at the breakout level.
So chances of pattern to work out.
Never follow patterns in isolation, combine other things with it.
Breakout candle is having a wick, so have a cautious approach.
Check BHEL Idea.
How trend reversal double bottom pattern worked out
Pattern preceded by Down trend
Pattern location is very important for pattern to workout.
here pattern is formed exactly at the breakout level.
So chances of pattern to work out.
Never follow patterns in isolation, combine other things with it.
Breakout candle is having a wick, so have a cautious approach.
Check BHEL Idea.
How trend reversal double bottom pattern worked out
