The double bottom pattern entails two low points forming near a similar horizontal price level and signifies a potential bullish reversal signal. A measured strengthening in price will occur between the two low points showing some support at the price lows.
This chart shows fantastic opportunity of a Double Bottom forming at the very Strong Support Line. Zooming out you will see a Triangle Formation which make it a great opportunity for a Long Position taken and take Profit/Target at the Top of the Triangle.