A Double Bottom is a bullish reversal pattern that forms after a downtrend and signals a potential trend reversal to the upside. It consists of two nearly equal lows separated by a moderate peak A Double Bottom appears after an downtrend and signals a possible trend reversal to the upside. It looks like an “W” shape on a price chart. its represent a loss of momentum from the dominant trend direction First bottom Formation Pullback to resistance (Neckline) Second bottom Formation Breakdown above the Neckline (Confirmation) Psychology Behind Double Tops Price fail o make lower low, but instead make a same low which shows a loss of momentum from the downtrend meaning is loss of momentum…