Lessons › Chart patterns › Double bottom
World 3 · Chart patterns · lesson 3 · level 1
Double bottom
Price bounces off the same floor twice, and breaking the peak between the bounces confirms the bottom.
What it is
Two lows at the same level, then a break above the peak between them.
Your task in the app
Find the two lows. Then decide: buy, sell, or wait?
How often it worked
| Market | Times found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| India (NSE) | 59 | 46% | 54% | 0% |
| United States | 62 | 42% | 50% | 8% |
| Japan | 37 | 57% | 43% | 0% |
| Crypto | 637 | 36% | 57% | 7% |
| Forex | 75 | 45% | 47% | 8% |
| Commodities | 32 | 44% | 50% | 6% |
Counted on real past charts by the Trading Class research engine, 902 cases in all. Past odds, not a forecast.
Read more on the Double bottom pattern page.
Goal of this lesson: Recognize a double bottom and wait for the break above its middle high.