WTI Crude Oil Double bottom 15 min
Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.
Double bottom: Active
Last 89.67, 0% of the way to target (target is 1.39% 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 | Nov 06, 22:30 | 88.77 |
| Neckline | Nov 06, 22:45 | 90.07 |
| Low | Nov 07, 02:00 | 88.78 |
| Confirmation | Nov 07, 03:30 | 90.12 |
Recently closed Double bottom patterns: 21 in total, 15 reached the target first (71%), 3 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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