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Market Intelligence › Basic Terminologies
Drop down to the same level twice and get back up; Looks like a W.
Published by The Retail Trader · JUL 31, 2026 · Price Action
Double Bottom — Falling to the same level twice and then rising again; Looks like a W.
This term comes under Price Action, in the section "LARGE CHART PATTERNS". Several candles together make shapes which have their own names:
Other terms in this group — understanding them together is more useful:
• Double Top
• Head and Shoulders
• Triangle
• Flag / Pennant
• Wedge
• Cup and Handle
• Rectangle / Range
To read the entire group and all its examples in one place, see the journal "PRICE ACTION: THE LANGUAGE OF THE CANDLE" - this term is taken from there.
This entry is for educational purposes only and is not a recommendation to buy or sell. Exchanges change charges, margins, lot sizes and expiry rules from time to time, so verify any figures with your broker or exchange.