
Double Bottom Pattern is a bullish reversal pattern that normally forms after an extended downtrend, which marks a shift in trend from bearish to bullish.Sometimes, this pattern is called �W pattern� because it looks like one.The Formation of Double Bottom PatternDouble Bottom Pattern contains two consecutive, distinct bottoms at about the same price level, with a moderate peak between the bottoms.This pattern forms when the price is in an existing downtrend. It occurs when the price increases to a support level (forming the 1st bottom), then increase (forming the peak), and then return to the support level again (forming the 2nd bottom) before...