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This is a 3-column structure showing that the low prices in the first and third columns are at the same level.
The pattern indicates that there is a possibility that price may take support at the current level. It is a probable support pattern but also a probable double bottom sell pattern.
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.