A Double Bottom is a bullish reversal made of two troughs at a similar level separated by a peak. Sellers failed twice at the same support; a close above the middle peak confirms the bottom.
How traders trade it
- Confirm on a close above the middle peak.
- Troughs near the same price strengthen it.
- Target equals the pattern height projected up.
See it in dtcharts
Scan for the double bottom across markets in the dtcharts terminal — or draw it by hand with the charting tools.