Double Bottoms Short-Term

(Updated 1 hour ago)

A “Double Bottoms” pattern in trading is a bullish reversal pattern that forms after a downtrend. It consists of two distinct lows at roughly the same price level, separated by a peak.

This pattern indicates that the price has found a strong support level and may reverse to start an upward trend. However, there is a slight disagreement about how and where it should be drawn. The length of the green arrow represents the potential found in the signal. Nonetheless, there is a possibility it may perform better or may not perform at all.

We recommend you to be alert at all times. A buy or sell candidate is an automated opinion about the ticker at the end of the last trading day. The score is based on technical analysis and our algorithms. It does not constitute an offer to buy or sell the securities. In this list, we are taking into consideration a short period, usually ranging up to 3 months.