Falling Top Dbl Bottom Sell

This is a bearish pattern with four columns.

Double bottom sell pattern is a bearish breakout pattern.

The high box of third column in the above pattern is lower than the high box of first column. This indicates that the top is falling and that supply is increasing at a higher level. The increasing supply is followed by a bearish breakout pattern in the 4th column.

A falling top double bottom pattern is characterized by increasing supply followed by a bearish breakout. The lower high and lower low pattern is made objective by using P&F.

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.