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Lessons In Picking Bottoms

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“There are only patterns, patterns on top of patterns, patterns that affect other patterns. Patterns hidden by patterns. Patterns within patterns.

If you watch close, history does nothing but repeat itself. What we call chaos is just patterns we haven't recognized. What we call random is just patterns we can't decipher."

― Chuck Palahniuk

If you understand the mechanisms of the market, it can be a glamorous place no matter if it is moving up or down. One of the mechanisms we enjoy as Technicians and indeed even observers of life; is the music of the pattern. It is it's own kind of magic. The Double bottom is one of the most frequently seen patterns in the market.