Double Bottom Sell Resistance

The pattern shows a double bottom sell pattern triggered by stiff resistance on the higher side. The pattern consists of four columns and is bearish.

Double bottom sell pattern is a bearish breakout pattern. The high box for the first and third columns of X in this formation is at the same levels that showed strong resistance before the bearish breakout.

The pattern shows that there was strong resistance at the higher level followed by a bearish breakout. The bulls were weak at higher levels.

This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.