Not Double Bottom Sell

The Not double bottom sell pattern is a bearish swing breakout pattern. According to this pattern, the price is in the column of ‘O’, but the double bottom sell pattern has not yet triggered. It is a 3-column pattern.

It can help you identify stocks that might trigger a double bottom sell pattern. Potential or probable double bottom sell pattern candidates can be identified using this pattern so that trades can be planned in advance.

It also shows that the bearish breakout has not yet been confirmed, so it is a bullish signal as well. It is not necessary that candidates in this pattern have the 1st and 3rd column ‘O’s at the same level.

This pattern can be plotted on the chart by adding it from the Add study menu in TradePoint & Patterns in 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.