Double Bottom
Also called: W pattern
A bullish reversal pattern shaped like a 'W', where price tests a support level twice and fails to break lower before turning up.
A double bottom forms after a downtrend: price falls to a low, bounces, falls back to roughly the same low, and bounces again. The two failed attempts to push lower show sellers are exhausting. The peak between the two lows is the 'neckline'.
The pattern confirms on a close above the neckline, ideally on rising volume; the target is often the depth of the W projected up from the neckline. A clean double bottom holds the second low at or slightly above the first.
On StockSetups
Double bottoms are among the reversal patterns StockSetups detects; each is classified long-only and carries the full dossier — pattern geometry, indicators and a trade plan — like every other signal.
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