Multiple Bottom
A multiple bottom is a bullish reversal pattern formed when Price forms two or more distinct lows within a defined range (not necessarily at the same level), Recovers and bounces off each low, but ultimately fails to break definitively below the previous lows & Struggles to overcome a support level near the lows. Multiple bottoms suggest renewed buying pressure and a loss of selling pressure. The repeated failure to reach new lows indicates that sellers are losing their grip, potentially setting the stage for an uptrend.
Multiple Bottom, more examples
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