-0.08RD
123
- Entry
- 1.4205
- Stop
- 1.3000
- TP1
- 1.5000
- TP3
- 2.0000
🔥 2👀 1
See the full outcome →chart patternbullish
Double Bottom (W Pattern)
The Double Bottom pattern illustrates strong institutional absorption at a recurring price floor. The pattern confirms when price breaks out through the neckline peak.
Identification Rules & Structural Requirements
Checklist required before validating this formation.
- 1.First trough establishes a major reaction low.
- 2.Subsequent rebound creates a resistance pivot (the neckline peak).
- 3.Second trough tests the first trough level within a 1-3% tolerance without breaking down.
- 4.Breakout above the neckline with expanding volume triggers the entry.
Invalidation Criteria:
A sustained breakdown and candle close below the support floor of the two bottoms.
Execution Discipline
Trade this setup with mathematical R:R
A chart pattern only provides positive expectancy when your reward targets exceed your risk boundaries. Always compute your position size and breakeven win rate before executing.
Active & Graded Calls Demonstrating Double Bottom (W Pattern)
Empirical evidence from TradeDiscuss's public prediction ledger.
-1.03RF
123
- Entry
- 79,972.62
- Stop
- 79,800.00
- TP1
- 80,200.00
- TP3
- 80,400.00
🔥 2💬 1
See the full outcome →- Entry
- 154.594
- Stop
- 156.924
- TP1
- 150.740
- Conviction
- high
This USDJPY short level is critical today as it retests a key support, with high volume confirming liquidity sweep. Invalidation occurs above 135.50, where price breaks resistance and enters new territory.
◆ 1,000
Follow this call →Live
1
- Entry
- 1.34905
- Stop
- 1.36900
- TP1
- 1.31510
- Conviction
- low
GBPUSD's 1.3550 level is critical today as it's a major support retest, with high volume confirming liquidity sweep. Invalidation occurs above 1.3575, negating short bias.
◆ 1,000💬 1
Follow this call →