The Double Bottom Reversal is a bullish reversal pattern typically found on bar charts, line charts and candlestick charts. Double Bottom Features:
Appears in bear markets.
Once a corrective phase involves the rise.
It is a common figure.
It is a figure with great confidence.
To create a double bottom pattern, price begins in a downtrend, stops, and then reverses trend. However, the reversal to the upside is short-term. It consists of two minima at the same level that act as resistance and an intermediate point between them, called the neckline. When this increase exceeds the neckline or the formation is triggered bullish with a target equal to the height that separates the neckline of the two minima. See chart.
The behavior of the market volume during training tends to be: falling between points 1 and 2. Loud the rupture or perforation of the neckline. So there is a pullback volume should be very low. When the price is heading to the target volume is growing again.
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