The Best Chart Pattern Entry by Thomas Bulkowski
Can traders better time the entry?
You have just identified a twin bottom in a stock you wish to buy. Should you buy the stock immediately or wait for it to become a valid double bottom? The answer to that question could make a difference to your wallet.
Before I explain how I found the answer, let me define some terms. I used a double bottom for the tests in this article. What is a double bottom? Figure 1 shows an example of one ...