Double bottom - A reversal pattern in technical analysis.Technically, it is an decline to one price level, followed by a small rally which represents the cleft between the bottoms, followed by a decline to roughly the same level as the first bottom, followed by a clear uptrend.On a chart a double top looks like the letter "W".
Double bottom : a reversal pattern in technical analysis.technically, it is an decline to one price level, followed by a small rally which represents the cleft between the bottoms, followed by a decline to roughly the same level as the first bottom, followed by a clear uptrend.on a chart a double top looks like the letter "w".
Double bottom