That double bottom at "A" is a good example of the direction of the trend determining the significance of the pattern.
Trending down a double bottom isn't sound support and suggests lower levels to come.
Trending up a double bottom is sound support and suggests higher levels to come.
Thanks for that charting Paul.
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Last
8,773.5 |
Change
28.300(0.32%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,745.2 | 8,821.0 | 8,745.2 |
| XJO (ASX) Chart |