Hang Seng 50 Double bottom 1 hour
Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.
Double bottom: Active
Last 23,331, 79% of the way to target (target is 0.73% from confirmation).
What this tells you
Price finds support twice at a similar low; a break above the high between them (the neckline) often marks a turn from down to up.
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Swing points
| Point | Time UTC+8 | Price |
|---|---|---|
| Low | Oct 27, 16:00 | 22,946 |
| Neckline | Oct 28, 11:00 | 23,134 |
| Low | Oct 29, 09:00 | 22,901 |
| Confirmation | Oct 30, 10:00 | 23,197 |
Recently closed Double bottom patterns: 23 in total, 15 reached the target first (65%), 5 were invalidated and 3 expired. Results by pattern →
Chart patterns are technical reference points, not trade recommendations. Past results do not guarantee future outcomes; trading involves risk.
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