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V-Bottom (Bullish Reversal)
Sharp reversal pattern: after a sustained drop the price forms a sharp V low and rebounds strongly. Confirms a change from bearish to bullish trend.
By the TradingCalculator.Pro team · Updated on · About us
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- Reliability: Medium-High
- Timeframes: 1H, 4H, D
- Reversal Pattern · Bullish
How to Trade
- Entry 1: buy on upside break of the resistance line prior to the V
- Entry 2: buy on retest of the newly formed support
- Stop Loss: below the V low
- Take Profit 1 & 2: distance equal to V depth projected upward
- Confirmation: bullish candle with rising volume on resistance break