Learning : Double Bottom Pattern on chart

*** How the Double Bottom Pattern Forms *** - The price falls and creates the first low. - A short-term recovery pushes the price upward to form a resistance level, known as the neckline. - The price declines again but finds support near the previous low. - Buyers return, driving the price above the neckline. - A breakout above the neckline confirms the bullish reversal. *** Trading Strategy *** * Wait for the price to close above the neckline before considering a trade. * Many traders place a stop-loss below the second bottom. * A common price target is calculated by measuring the distance between the bottoms and the neckline, then projecting that distance upward from the breakout point. * Combining the pattern with technical indicators or volume analysis can improve confirmation.