BOREARIS

Hang Seng 50 Double bottom 4 hour

Hang Seng 50 4 hourConfirmed Oct 10, 05:00 UTC+8
LNLConfirmedClosedTarget 24,938Confirm 24,364Neck 24,319Invalid 23,66723,597━ MA20 + Bollinger Bands ━ MA50 4 hour70503033.69━ RSI ━ 9MA0-133.33━ MACD ━ MACD Signal09/28 17:0010/05 09:0010/08 09:0010/13 09:0010/16 09:00
LNLConfirmedClosedTarget24,938Confirm24,364Neck24,319Invalid23,66723,597━ MA20 ━ MA5070503033.69━ RSI ━ 9MA0-133.33━ MACD ━ MACD Signal05 21:0012 13:0016 21:00

Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.

Double bottom: Invalidated

Target24,938
Confirmation24,364
Invalid at23,667
Move-2.90%

Timeframe4 hour
ConfirmedOct 10, 05:00
ClosedOct 21, 13:00
Duration276.0 h
Reward / risk0.82

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.

Check it on the live chart

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Swing points

PointTime UTC+8Price
LowOct 02, 21:0023,706
NecklineOct 06, 17:0024,319
LowOct 08, 13:0023,700
ConfirmationOct 10, 05:0024,364

Recently closed Double bottom patterns: 23 in total, 13 reached the target first (57%), 8 were invalidated and 2 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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