Double Bottom
A double bottom is a bullish reversal pattern formed when Price reaches a low point then Recovers slightly then Reaches a second low point (ideally at the same or slightly higher level than the first) and then Rises above the "neckline" formed by the highest price point between the two lows. The double bottom signifies renewed buying pressure and a possible trend reversal upwards. It suggests that sellers were unable to push the price lower the second time, indicating a shift in market sentiment towards the bulls.
Double Bottom, more examples
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