Pipe Bottom

bullish

Definition

Two adjacent deep spikes at a low — a double flush that ends the decline.

Two sharp flushes to the same depths, then recovery — sellers emptied the tank twice.

💡 Two anchors dropped side by side — the boat stops drifting.

Entry: On the close above the higher spike high. · Stop: Below the twin spikes. · Target: Spike depth projected above the confirmation level.

One of the better-performing weekly reversals.

~70% follow-through on confirmation · Medium reliability

1. Is the Pipe Bottom generally considered bullish, bearish, or neutral?

2. After a confirmed Pipe Bottom, the expected direction is usually:

3. Which is a common beginner mistake with the Pipe Bottom?

Educational and probability-based analysis only. This is not financial advice and not a prediction of real market outcomes.