What is Double Bottom?

A bullish reversal pattern that occurs after an asset reaches a low price twice with a moderate rise between the two lows.

In-Depth Explanation

It is confirmed once price breaks above the resistance level between the two lows. It shows that sellers have exhausted their supply at that level.

"The FTSE 100 formed a clear double bottom at 7,200 before rallying back to 7,500."

Knowing the terms is just the start. Learning how to apply them is where the edge is found.