# Trader Notes #3 - Double bottom

**Published by:** [Teddy](https://paragraph.com/@teddyz/)
**Published on:** 2021-11-27
**URL:** https://paragraph.com/@teddyz/trader-notes-3-double-bottom

## Content

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.

## Publication Information

- [Teddy](https://paragraph.com/@teddyz/): Publication homepage
- [All Posts](https://paragraph.com/@teddyz/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@teddyz): Subscribe to updates
- [Twitter](https://twitter.com/Teddyz_eth): Follow on Twitter