A double bottom is identical to the double top, except for the inverse relationship in price. Most of the rules that are associated with double top formation also apply to the double bottom pattern. Volume should show a marked increase on the rally up while prices are flat at the second bottom. Double bottom conditions are Two equivalent bottoms, Volume should be higher after the second bottom or at the breakout, Duration is 20 days to 1 month, long positions can be created when it exceeds the previous high.
, , Double Bottom
Good spotting and very well described