does the double bottom suggest a price target 
yes the minimum price target for the formation is the distance from the previous low to the corrective high in the middle of the formation so the target is roughly 10 higher from the initial low gains beyond that level after the second bottom has been reached would be an extremely bullish signal and may confirm a more significant bottom has been reached and the upside is now in play the bottom linedouble bottom formations are among the most significant chart patterns for identifying longer term shifts in trends signaling a major low has been reached for the foreseeable future the pattern typically suggests a 10 to 20 rebound after the second low has been made but there may be more upside if the fundamental landscape has changed in the securities favor for instance positive future earnings outlook could create a new uptrend double bottoms are best identified visually using relatively long term charts daily and weekly the lows do not have to be identical but preferably between 3 to 4 of each other the upside potential has as its minimum measured target level the highs of the first rebound about 10 a pullback and second test of the downside support completes the pattern if the low is within 3 to 4 of the prior low once the double bottom pattern is formed traders should keep an eye out for upside moves if the high in the middle of the pattern is breached after the second bottom has been formed it suggests further upside potential and perhaps the start of a new uptrend 