A very bullish technical reversal pattern. A double bottom occurs when a stock or asset hits two consecutive lows with a slight increase between them. Once the price rises above the high between the lows, bullish momentum is confirmed. A double bottom is the opposite of a double top, which is taken as a bearish indicator.
We don't know everything about the markets. We're just devoted to learners. Taken from those smarter than ourselves, here's how we define Double Bottom.