📙 Table of Contents 📘
  1. 🍑 W Bottom 🇼
  2. 🐂 Bullish Uptrend 📈

👁️ Visualise the 👑 Gold Rally 🏆 of Feb 2002

📊 Technical Analysis 📈 of the profitable 🏆 Gold Uptrend 📈 during February 2002 which occurred after a W Bottom or Bullish Ascending Double Bottom Chart Pattern on 8th February 2002.

by Charles Adams

1) As It Happened: The 🍑 W Bottom 🇼 Pattern of 8th February 2002

On 8th February 2002 a bullish ascending double bottom or W chart pattern occurred in Gold:

Simple Chart of Gold as per the Dow Template. Fig.1: W Bottom Pattern in Gold. Kindly Click to Enlarge the High-Quality Sector Rotation Chart.

The Relative Strength Comparative (RSC) also showed a bullish Positive Divergence, adding to the power of the pattern.

2) Aftermath of the W Bottom Pattern: A 🐂 Bullish Uptrend 📈

As is often the case after bullish ascending double bottom patterns, the price of gold then exhibited a clear and profitable uptrend, exemplifying the sheer power of this setup:

Simple Chart of Gold as per the Dow Template. Fig.2: Uptrend in Gold. Kindly Click to Enlarge the High-Quality Sector Rotation Chart.

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