$WIF 'W' DOUBLE BOTTOM FORMATION THAT MAY OCCUR..
Double Bottom Formation (Double Bottom)
The double bottom formation is a reversal pattern with two bottoms, similar to a double top. However, this time prices bottom twice and both conversion levels are quite close to each other. The first bottom usually occurs at the end of a downtrend and the downtrend ends. Then prices begin to rise, but a second decline occurs and a second bottom occurs. The second bottom usually occurs near or slightly above the first bottom. The double bottom 'W' formation indicates that prices will turn from a downtrend to an uptrend. (Following the falling trend line) In order for the double bottom formation to be confirmed, the price movements related to the second bottom must create an upward trend.
For more ;
We welcome you to the family at @Trader-İCe ...
