In a double bottom pattern, how does the volume on the left bottom compare to the volume on the right bottom?

In a double bottom pattern, the volume characteristics are significant in confirming the strength of the reversal signal. Typically, the volume on the left bottom tends to be higher than the volume on the right bottom. This is because the left bottom often represents the initial selling pressure as the price declines to a low point, which can attract a significant number of traders who may be reacting to the price movement.

The left bottom's higher volume indicates strong participation at that critical reversal point, implying that the selling interest is substantial before the price bounces. Conversely, as the price revisits the low to form the right bottom, the volume usually decreases. A higher volume at the left bottom indicates a higher level of conviction or panic selling that is being absorbed by buyers, whereas the lower volume on the right bottom suggests a lack of continued selling pressure, which is a necessary condition for a reversal to gain momentum.

This behavior reinforces the idea that the left bottom is a key area of support and that the right bottom serves to confirm the potential reversal as buyers come in, but with relatively less intensity than the initial sell-off. Thus, the pattern is validated when the rise from the right bottom is accompanied by increasing volume, indicating renewed buying interest.