#chartpattern "The bullish double bottom is a reversal pattern that suggests a potential uptrend after a downtrend. It appears as a "W" on a chart, with two lows at a similar price level acting as support and a peak in between. Confirmation occurs when the price breaks above the "neckline" (the peak) with strong trading volume, indicating a buying opportunity. Traders can set price targets by adding the pattern's height to the neckline and should manage risk with a stop-loss order below the second bottom."
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