Double Bottom Pattern: Selling Earlier? by Pawel Kosinski
When you enter a trade based on a chart pattern such as the double bottom, sometimes you may exit too early or sit on it for too long. Here’s a look at different exit scenarios using the double bottom pattern.
Buying a stock is simple and has a “feel good” vibe. After buying it, you can imagine the stock’s price moving upward quickly. After some time elapses, you may start feeling uneasy—even if the price has increased and your unrealized gain is decent. You know that in a fraction of a second the rally could be over ...