Learn Bullish technical analysis pattern called DOUBLE BOTTOM

The double bottom pattern is a bullish reversal pattern that occurs after a downtrend.

It consists of two consecutive troughs of roughly equal price, with a peak in between.

The pattern is confirmed when the price breaks above the peak with higher-than-average trading volume.

Traders use the pattern to project a target price for the breakout.

Traders may enter long positions in anticipation of the breakout.

The pattern should be used with other indicators and analysis to confirm its validity.