Double Bottom (W) Pattern — what it is and how to read it

Bullish pattern Classic and harmonic chart patterns

Two reversals from the same level (a W shape). The peak in between = the neckline. Completed when the neckline breaks upward.

How to read it

A bullish structure is only a candidate until its trigger (neckline / breakout level) is broken. StockFortuna draws the ▲ marker only on a green candle that closes above the trigger — a description of what the chart did, not a recommendation.

BIST 100 stocks where our scan detected it (last 30 trading days, 19 Oct 2026)

Automatic detection only (alphabetical) — StockFortuna does not recommend stocks; open the chart and judge for yourself. Not investment advice.

FAQ

What is the Double Bottom (W) Pattern?

Two reversals from the same level (a W shape). The peak in between = the neckline. Completed when the neckline breaks upward.

Is the Double Bottom (W) Pattern bullish or bearish?

It is a bullish (upside) pattern.

When is it marked on the chart?

Only when a green candle closes above the trigger (neckline / breakout level); the ▲ marker describes what the chart did, it is not a recommendation.

Has it been backtested?

🟡 Backtest: weak evidence; not adopted into the buy system.

How can I see the Double Bottom (W) Pattern on a live chart?

Open StockFortuna → Markets → Chart Studio and pick it from the list; the pattern is detected automatically on real data.

Related

• QM (bullish)
• QM (bearish)
• Bullish Gartley
• Bullish AB=CD
• Double Top
• Inverse Head and Shoulders (bullish)
• Head and Shoulders (bearish)
• 1-2-3 Reversal
• Cup and Handle
• Bullish Bat
• Bullish Butterfly
• Bullish Crab

For information and education only — not investment advice.