Here's a summary of the "Higher High Higher Low" and "Double Bottom" patterns:

**Higher High Higher Low (HHHL)**:

- **Definition**:
- A bullish trend pattern indicating successive upward price movements.
- Each high point (peak) is higher than the previous one, and each low point (trough) is also higher than the previous one.

- **Interpretation**:
- Shows strengthening buying pressure.
- Reflects an uptrend where buyers are consistently willing to pay higher prices.

- **Trading Strategy**:
- Consider entering long positions when the price pulls back to the higher low point.
- Set stop losses below the recent higher low point.
- Take profit as the price continues to make higher highs.

**Double Bottom Pattern**:

- **Definition**:
- A bullish reversal pattern appearing after a downtrend.
- Consists of two troughs (lows) separated by a peak.
- The second trough typically doesn't reach the same low as the first one, creating a 'W' shape.

- **Interpretation**:
- Indicates a potential trend reversal from bearish to bullish.
- Suggests that selling pressure is diminishing and buyers may be gaining control.

- **Trading Strategy**:
- Consider entering long positions after the second trough forms.
- Confirmation is often sought when the price breaks above the peak between the two troughs.
- Place stop losses below the lowest point of the pattern.
- Profit targets can be set based on the distance between the bottom of the pattern and the peak, projected upward from the breakout point.

These patterns are widely used by traders to identify potential trend changes and make informed trading decisions. As always, it's essential to consider other technical indicators, market context, and risk management strategies when trading based on patterns.
Chart PatternsHarmonic PatternsTrend Analysis

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