Support at the 50% Float Channel Line

1. Float Turnover at a Bottom
The chart below is a symmetry bottom because its float turnover at the bottom fits beautifully right at the bottom with equal types of price moves before and after it.  Making money buying 'breakouts' at a bottom is very difficult because the descending top float channel line is often a strong point of resistance.  Thus the breakout could easily fail and the price instead of moving higher could easily move lower.  There are at least seven types of bottom formations. 

Study a collection of float turnover formations at our New Archive Table.