What is a double top & double bottom trading strategy?

Trading double tops and double bottoms is a common strategy in technical analysis used by traders to identify potential trend reversal points in financial markets. These patterns can occur in various timeframes and on different assets, including crypto, stocks, forex, and...

What happens if a stock has a double bottom pattern?

Double bottom patterns may also have handles, but this is not essential. If the double bottom does, then the peak price of the handle determines another buy point, which will often occur several weeks after the stock clears the middle peak. Zscaler ( ZS) is a cloud-based information security company headquartered in San Jose, Calif.

What is a double bottom pattern?

More aggressive targets are double the distance between the two lows and the intermediate high. A double bottom pattern is a classic technical analysis charting formation showing a major change in trend from a prior down move. The double bottom pattern looks like the letter "W."