• Day Trader Resources

#3 of 10 Chart Patterns Every Trader Needs to Know - Double Bottom

Updated: Mar 7

Chart patterns are an integral aspect of technical analysis, but they require some getting used to before they can be used effectively. We would rank this #3 out of the top 10 patterns every trader needs to know... the double bottom chart pattern.

Famous Double Top Pattern

A double bottom chart pattern indicates a period of selling, causing an asset’s price to drop below a level of support. It will then rise to a level of resistance, before dropping again. Finally, the trend will reverse and begin an upward motion as the market becomes more bullish.

A double bottom is a bullish reversal pattern because it signifies the end of a downtrend and a shift towards an uptrend.

Ready to Test Your Skills as a Futures Day Trader?

Did you know that day traders no longer need to use their own personal money to start or build their trading business?

UProfit Trader is looking for day traders to join their team and will fund futures traders up to $100,000 through their prop fund trading program.

This provides the opportunity for anyone to start their career as a pro day trader without all the risk. It's simple, you select the level of funding, a 10-day trading evaluation is started to test your skills and prove your trading consistency. Once you pass, UProfit Trader will fund your account as a Pro Trader. The only requirement, you trade and UProfit Trader funds while you keep 80% of the profits. It's that simple.

Learn how they are making it possible for anyone to start a day trading career. Learn More >>