Double Bottom
The Double Bottom is a bullish reversal chart pattern that signals the end of a downtrend and the potential start of an uptrend. It forms a distinctive “W” shape when the price hits a support level twice with a moderate rebound in between.
The pattern is confirmed when the price breaks above the high between the two lows (the neckline), suggesting a shift in market sentiment and increased buying pressure.
Recent Breakout Performance (Last 20)
Metrics summarizing the performance of the 20 most recent breakout trades, highlighting market breadth and trends.
| Metric | Value |
|---|---|
| Total Breakouts | 3 |
| Successful Breakouts | 2 |
| Failed Breakouts | 1 |
| Overall Success Rate | 66.7% |
| Average Gain from Successful Trades | 29.5% |
| Average Trade Duration (Days) | 0.0 |
| Average Loss on Failed Trades | 0.0% |
| Average Risk Reward Ratio | 1:None |
Table of breakouts
A list of stocks with Double Bottom pattern.
| Company | Catalyst | Successful? | Gain/Loss (%) | Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | PAYC | Double Bottom | Jan. 23, 2019 | Bullish |
✅
|
+14.0% | Detail https://breakoutdb.com/payc/payc-double-bottom-2019-01-23/ | |||
| 2 | NVCR | Double Bottom | Jan. 9, 2019 | Bullish |
✅
|
+45.0% | Detail https://breakoutdb.com/nvcr/nvcr-double-bottom-2019-01-09/ | |||
| 3 | NVCR | Double Bottom | Jan. 8, 2019 | Choppy |
❌
|
2.2% | Detail https://breakoutdb.com/nvcr/nvcr-double-bottom-2019-01-08/ |
(*) This trade is still active; the gain is an estimate based on the current price.