Double bottom
Definition
Double Bottom is when the price action within the context of a downtrend has the most recent swing/pivot low equal or nearly equal to the previous swing/pivot low.
Double bottom patterns are chart patterns that occur when the underlying investment moves in a similar pattern to the letter W.
Tip for trade: long trade would be triggered after break of high.
![](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=316,h=264,fit=crop/AE05Q8yJ46cPD8MX/double-bottom-mxBzjoQPvBCeEZQD.png)
![](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=224,h=240,fit=crop/AE05Q8yJ46cPD8MX/double-bottom-mxBzjoQPvBCeEZQD.png)