Charting  |  NOV 2002

Eve & Eve Double Bottom by Thomas Bulkowski

Eve & Eve Double Bottom by Thomas Bulkowski Here’s a look at one of the four combinations of double bottoms. You may be familiar with double bottoms, but have you ever heard of an Eve & Eve double bottom? I hadn’t heard of them myself until a few years ago, when I was researching my latest book, Trading Classic Chart Patterns. After discovering the Adam & Eve combinations of double bottoms on HARDRightEdge.com, I expanded their findings to include all four types: Eve & Eve, Adam & Adam, Eve & Adam, and Adam & Eve. I’ll discuss the latter three types in future articles. This article will focus on the Eve & Eve double bottom. IDENTIFICATION First, some definitions. Figure 1 shows identification guidelines for double bottoms. Start with a declining price trend leading to the chart pattern. For the best performance, choose a decline that is either long-term (over six months) or short-term (up to three months). An intermediate-term decline (three to six months) leading to an Eve & Eve double bottom suggests underperformance after the breakout.

by Thomas Bulkowski