A double bottom forms when price makes two troughs at roughly the same level with a moderate peak between them (the neckline). It signals that sellers have been absorbed at this level twice — a reliable bullish reversal.
Buy the breakout above the neckline on strong volume. Stop below the second trough. Target: height from the trough to the neckline added to the breakout.
EdgeOS integration: look for SCTR above 9, bull count 1–4, and confirmed/fluid bull trend to align the pattern signal with the EdgeOS system for highest-conviction entries.
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A double bottom forms when price makes two troughs at roughly the same level with a moderate peak between them (the neckline). It signals that sellers have been absorbed at this level twice — a reliable bullish reversal.
Two troughs at approximately the same price level (within 2–3%) Moderate peak between the two troughs — the neckline Volume often higher on the second trough bounce Breakout above the neckline (peak between troughs) confirms the pattern
The Double Bottom has a historical win rate of 61% when traded correctly with volume confirmation and proper stop placement. Average bars to target: 18. Always combine with trend context and market regime for best results.
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Pattern detections updated nightly · For informational purposes only · Not investment advice