• 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.


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