The Handbook of Technical Analysis + Test Bank_ The Practitioner\'s Comprehensive Guide to Technical Analysis ( PDFDrive )

THE HAndbook oF TEcHnIcAl AnAlysIs

Figure 15.13 depicts three‐box reversal double bottom breakout in Exxon
Mobil Corp.

rising double tops and declining double bottoms

Double top formations that are accompanied by a rising or ascending pattern of
Os and Xs at the base of the formation are considered more bullish than standard
double top formations. See Figure 15.14 for the basic setup.

Figure 15.12 A Basic Three‐Box Reversal Double Bottom Breakout.

Figure  15.13 A Basic Three‐Box Reversal Double Bottom Breakdown on a Point‐
and‐Figure Chart of Exxon Mobil Corp.
Courtesy of Stockcharts.com