Double Bottom
BullishA W shape that taps the floor twice and bounces — the level held twice from below
Textbook shape
How to read it
A W-shaped base: price makes two lows near the same level and turns up. What matters is that the second low held above the first — below that price, demand kept absorbing supply.
The pattern completes only when the close clears the swing high between the two lows (the neckline). Before that, a W-shape is indistinguishable from an ordinary bounce inside a downtrend.
The textbook sequence shows lighter volume on the second low and expanding volume on the neckline break.
Real example
US stockMARADaily
Completed 2024-04-19
CryptoETH-USDDaily
Completed 2024-07-07
A window SQMATE's detectors actually flagged in past bars. It records a day that worked out — the same shape doesn't always resolve the same way.
On SQMATE
No more eyeballing charts
You don't have to flip through charts hunting for shapes. Signal watch pings your browser the moment a condition is met, patterns on your watchlist arrive by email, and the screener lists every symbol that matched today.
SQMATE draws the lines
Support lines, trendlines, channels — the lines you need to read a pattern are drawn for you, so no time goes into drawing.
Patterns aren't the whole story
The same shape doesn't always resolve the same way. It's safer to read it together with candles, volume, and market context — news, catalysts, flows.