What Is The Double Bottom Candlestick Pattern & How To Trade With It

Double Bottom Candlestick Pattern

The Double Bottom is seen as a possible bullish reversal pattern. The pattern appears in a downtrend and can signal the beginning of an uptrend. The Double Bottom looks like the letter W. What is the Double Bottom Candlestick Pattern? The Double Bottom signifies that the price falls to a bottom and rallies its way up before falling again. These two bottoms touch a support level and are similar in width and height. Traders look for the candle next to the Double Bottom to confirm a trend reversal. The pattern describes the battle between the bulls and the bears. At …READ MORE