Stocks with Double Bottom Pattern
↑ BullishThe Double Bottom pattern forms when a stock's price drops to a support level twice, creating a 'W' shape. It indicates that the support level is strong and the downtrend may be reversing. The pattern is confirmed when the price breaks above the peak between the two bottoms.
Timeframe:0 stocks found
Frequently Asked Questions
How do you confirm a Double Bottom?
A Double Bottom is confirmed when the price breaks above the resistance level (the peak between the two bottoms) with increased volume. The two bottoms should be at approximately the same price level.