Quick DBS

The Quick Double Bottom Sell  is a variation of the standard Double Bottom Sell pattern, with an added time-based condition.

Refer to the image above.

In this pattern, the column of ‘X’ before the Double Bottom Sell column indicates a price correction. The duration of this correction can be assessed by checking the high and low dates of that ‘X’ column.

A Double Bottom Sell pattern is then formed in the next column (a column of ‘O’). If the time taken to form this breakout column of ‘O’ is shorter than the duration of the preceding correction column of ‘X’, the setup qualifies as a Quick Double Bottom Sell.

This indicates that the price broke out (bearish) in less time than it took to correct—suggesting a sharp fall and bearish momentum.

The Quick DBS pattern is a time-sensitive bearish breakout signal that helps identify powerful bearish momentum setups—especially valuable when scanning.

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.