Screener: Double bottom
Reversal pattern with a breakout above the neckline. Detected automatically, with zone, stop and targets based on the pattern. You decide for yourself whether and when to trade.
Automated chart analysis, not investment advice – the decision and the risk are yours. This is a computed analysis, not a forecast. Risk notice and investment advice
In the double-bottom zone 10
Price between the bottom and top of the zone, pattern valid
Why this zone? (ICE)
The price has formed two similar lows and broken above the neckline between them. The double-bottom zone is the retest of the neckline; below the second low the pattern counts as failed. The targets follow from the height of the pattern.
Why this zone? (MMM)
The price has formed two similar lows and broken above the neckline between them. The double-bottom zone is the retest of the neckline; below the second low the pattern counts as failed. The targets follow from the height of the pattern.
Why this zone? (PGR)
The price has formed two similar lows and broken above the neckline between them. The double-bottom zone is the retest of the neckline; below the second low the pattern counts as failed. The targets follow from the height of the pattern.
Why this zone? (SNAP)
The price has formed two similar lows and broken above the neckline between them. The double-bottom zone is the retest of the neckline; below the second low the pattern counts as failed. The targets follow from the height of the pattern.
Why this zone? (ITW)
The price has formed two similar lows and broken above the neckline between them. The double-bottom zone is the retest of the neckline; below the second low the pattern counts as failed. The targets follow from the height of the pattern.
Watcher + 5 more symbols – immediately and in full from Watcher. Plans and pricing
Near the double-bottom zone 8
Price at most 1 × ATR(14) above the top
Watcher 8 symbols are just above the zone right now – you see the “Near” list from Watcher. Plans and pricing
How to read this screener: Calculated using the “double bottom” pattern – not a recommendation, check for yourself. The zone is an area to watch, not a call to action. The pattern is re-checked daily after the market close and stays valid for at most 15 trading days, as long as the price does not fall below the stop.