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Double top patterns are the opposite of double top patterns.

A double top pattern is formed from two consecutive rounding tops.

A profit target should be taken at two times the stop loss amount above the entry price.

Let's look at a historical example of a double bottom from November, 2018.

A spike in volume typically occurs during the two upward price movements in the pattern.

A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action.

It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The twice-touched low is considered a support level.

Vodafone Group Plc (VOD) shares rose more than 9% after the company reported better-than-expected financial results.

More importantly, incoming CEO indicated that Vodafone's dividend was safe, despite efforts to rein in debt following its billion takeover of Liberty Global Plc's (LBTYA) German and Eastern European businesses.

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