Double Bottom
ChartA bullish reversal pattern with two distinct lows at approximately the same level, forming a "W" shape.
Success Probability: 83%
Pattern Visualization
How to Identify
- Two lows at similar price levels
- Peak between the lows
- Second low tests first support
- Breakout above middle peak confirms
Trading Tips
Strong reversal. Enter on break of middle peak. Stop below second low. Target equals pattern height.
A bullish reversal pattern with two distinct lows at approximately the same level, forming a “W” shape.
Trading Strategy
Strong reversal. Enter on break of middle peak. Stop below second low. Target equals pattern height.
How to Identify
- Two lows at similar price levels
- Peak between the lows
- Second low tests first support
- Breakout above middle peak confirms
Risk Management
With a 83% success probability, this pattern offers strong reliability for trading decisions. Maintain standard position sizing.