The double bottom chart pattern is a reversal that forms after an extended downtrend. As name says, this chart pattern is characterized by two minima (soil) consecutive practically the same and a moderate increase between both sites. A double bottom pattern usually represents an intermediate or long-term change of trend from bearish to bullish. Like the double top may be formed potential double bottom patterns along a downward path, but only if the resistance is broken will confirm the pattern. Features double bottom chart pattern most important features …
