Technical Analysis Double Bottom

Double Bottom is a Down Trend Reversal Pattern. Hence the assumption is there already exists a Down Trend. Double Bottom Pattern can be explained as follows

It is similar to the Triple Bottom Pattern; only difference is there are 2 dips in Double Bottom Pattern. This pattern is complete when price rises above the Neck Line.



Other Reversal Patterns

Technical Analysis Head & Shoulder Pattern

Technical Analysis Inverse Head & Shoulder

Technical Analysis Triple Top

Technical Analysis Triple Bottom

Technical Analysis Double Top