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Chart School :: Double Bottom
   
 
1. Security within the context of a downtrend has the most recent swing low equal or nearly equal to the previous swing low.

2. The double bottom pattern is powerful because the sentiment that was formerly producing the downtrend is now possibly shifting and selling pressure is not strong enough to produce a lower swing high to keep the downtrend in tact.

3. Double bottoms can be a stronger upward reversal patterns after further confirmation when the next swing low that is produced is even higher.