# Trader Notes #3 - Double bottom

By [Teddy](https://paragraph.com/@teddyz) · 2021-11-27

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Chart patterns are an integral aspect of technical analysis, but they require some getting used to before they can be used effectively. A chart pattern is a shape within a price chart that helps to suggest what prices might do next, based on what they have done in the past. Chart patterns are the basis of technical analysis and require a trader to know exactly what they are looking at, as well as what they are looking for.

Best chart patterns #3 Double bottom:

A double bottom chart pattern indicates a period of selling, causing an asset’s price to drop below a level of support. It will then rise to a level of resistance, before dropping again. Finally, the trend will reverse and begin an upward motion as the market becomes more bullish.

A double bottom is a bullish reversal pattern, because it signifies the end of a downtrend and a shift towards an uptrend.

![](https://storage.googleapis.com/papyrus_images/ca6c74d328299ed42a557663dcad6d142f77315401cd6dd9aa51410c6f04da8e.png)

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*Originally published on [Teddy](https://paragraph.com/@teddyz/trader-notes-3-double-bottom)*