Bigbird - Double Bottom I am in no way an advanced invested or "trader" so I write this purely out of research that I have conducted about this double bottom that you speak of. So, if I am missing something please fill in the blanks. I really enjoy learning about TA, bigbird, and I can tell that you know more about the subject than I do so I appreciate your insight. For all those that chirp and talk ish about the guy, isn't more productive to have discussions/debates from all different aspects and opinions. You don't need to agree, but discussions go a long way. Rant over.
Here is my research about the double bottom take from
stockcharts.com:
"It is important to remember that the Double Bottom Reversal is an intermediate to long-term reversal pattern that will not form in a few days. Even though formation in a few weeks is possible, it is preferable to have at least 4 weeks between lows."
As I see it this double bottom is still relatively new....
JordanDee