Double Bottom Pattern on NSE (Educational)
A double bottom is one of the most cited reversal sketches: price tests a low twice, forms a peak between the troughs, then potentially clears the peak (neckline). It is descriptive—not predictive.
Swing Edge does not provide investment advice or trade instructions. Patterns and levels here are for education and research — you decide any action in the market.
Key Elements
Two lows at roughly similar levels; excessive depth between troughs can weaken the pattern in textbook examples.
Neckline is often drawn at the middle peak; clears above it are discussed as confirmation.
Volume on the second low and on the break is frequently cited as supportive context.
On Swing Edge
Formal neckline reversals are scored in Structural Breakout; simpler turnaround clears may appear in Momentum Buildup as Fresh Turnaround tags.
Failures
Breaks that immediately fall back under the neckline are classic failure cases—retest logic is part of our structural states.
Frequently Asked Questions
What is a double bottom?
Two similar lows with a peak between them—often taught as a reversal template.
Double bottom vs neckline reversal?
Colloquially similar; our structural scanner applies stricter W/neckline rules for the neckline_reversal tag.
Where do I scan reversals?
Structural Breakout, Rounding Bottom and Momentum Buildup screeners cover different reversal styles.
Is a double bottom always bullish?
No—context, volume and broader market matter; we provide data, not calls.