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 | 2 |
| Average Gain | 29.5% |
| Average Trade Duration (Days) | 0.0 |
| Average Reward Over Risk Ratio | 32.5R |
Table of breakouts
A list of stocks with Double Bottom pattern.
| Company | Catalyst | Gain (%) | 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/ |
(*) This trade is still active; the gain is an estimate based on the current price.