Explanation of the double bottom .

double Bottom model The double bottom or double bottom model is one of the important Classic Inca models .

It comes at the end of a downtrend , or after a correction in an uptrend .

The model consists of two bottoms ..

The second bottom may come the same level as the first bottom or slightly higher or slightly lower .

How to be a model :

Sellers drop prices to a new low, then buyers begin to appear And they go up with prices to form a new peak or resistance level And then the sellers push the prices again to fall, forming the second bottom Which is almost always at the same level as the first bottom And then buyers come back by pushing prices up again and breaking through the top .

Explanation of the double bottom double Bottom model https://olxforex.com/view/file/image-1711586213.jpg

How to take advantage of the model :

The model as mentioned is one of the reflexive models, so if it appears, we start looking for purchases .

Buy entry is made after breaking the neckline (previously configured resistance level )

And admission after retesting for a broken neck.

It is also possible to enter the purchase immediately after the penetration of the neckline .

How to set a goal :

The distance between the neckline and the bottoms is measured The same distance is taken as the target for purchases