Double bottom is a bullish reversal pattern which means the long term bearish trend will be switched to bullish/uptrend
Also note ,this pattern it s a long term reversal and will not form in a few days
Even though formation in a few weeks is possible it is preferable to have at least 4 weeks between lows
Bottoms usually take longer then tops to form and patience can often be a virtue
Also note ,this pattern it s a long term reversal and will not form in a few days
Even though formation in a few weeks is possible it is preferable to have at least 4 weeks between lows
Bottoms usually take longer then tops to form and patience can often be a virtue