The double bottom pattern is a bullish reversal chart pattern found at the end of a downtrend. It consists of two distinct lows at roughly the same price level, forming a "W" shape. The pattern confirms when prices break above the resistance level(the peak between the two lows) with increased volume, signaling a potential upward trend.

Traders often measure the target by adding the pattern's height (low to resistance) to the breakout point. Double bottoms indicate strong buying interest after prolonged declines, making them a reliable indicator for trend reversals in stocks, forex, and other markets.

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