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This is a four-column bullish pattern. The double top buy pattern is a bullish breakout pattern.
The low box of the third column is higher than the low box of the first column of this pattern. As the low is rising, the demand for the stock at lower levels is also increasing. Increasing demand is followed by a bullish double top breakout pattern in the fourth column.
Increasing demand followed by a bullish breakout is a rising bottom double top buy pattern. This is a higher low-higher high pattern made objective 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.