Double Bottom

A Double Bottom is a technical analysis term which signals a potential bullish trend reversal.  Other bullish patterns include Cup and Handle and Triple Bottom.  The Double Bottom pattern was introduced by William J. O'Neil.

Double Bottom

A Double Bottom is a technical analysis term which signals a potential trend reversal from bearish to bullish.  Other bullish patterns include Cup and Handle and Triple Bottom.  The Double Bottom pattern was introduced by William J. O'Neil.


Double Bottom Identification

A Double Bottom occurs when the price of a stock unsuccessfully attempts to fall through a support level twice. 

Illustration of Double Bottom chart pattern.

Double Bottom Interpretation

The Double Bottom pattern, which looks like the letter 'W' on a stock chart, often precedes a breakout through the resistance level (middle of the W) and further advances.

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