Double Bottom

Update Status

Market assessment: Nov 03, 2026, 06:54 PM EST
Confirmed pattern session: 2026-10-30

Updates run before the open, during trading, and after closing scans. Last observation times appear beside each price.

Closing scan update delayed. Pattern levels still use the previous available session.

Market closed. Prices are dated observations, not live quotes.

Market Overview

Alpaca SIP feed. Benchmarks provide market context.

• SPY: $755.55 · Last trade as of Nov 03, 2026, 06:54 PM EST
• QQQ: $686.85 · Last trade as of Nov 03, 2026, 06:54 PM EST
• IWM: $279.58 · Last trade as of Nov 03, 2026, 06:54 PM EST

Setups to Watch

Daily scanner labels remain unchanged. Market assessments are observations, not new buy signals.

Current Assessments

Daily Watchlist

Confirmed patterns through 2026-10-30. This dated watchlist is separate from current market assessments.

What Changed

Methodology

A double bottom has two swing lows separated by a peak called the neckline. The scanner records a breakout when a daily close moves above that neckline. Its recent-breakout label can remain for several sessions even if price retreats.

The stop is 1% below the lower low. The measured target adds the distance from the lower low to the neckline above the neckline. Reward-to-risk is (target minus last close) divided by (last close minus stop); the scanner leaves it unmeasurable when the risk distance is less than 2% of price.

With this full-base stop and measured target, reward-to-risk at the neckline is less than 1. A high ratio while price is below the neckline does not establish a confirmed entry. We never raise the target or tighten the stop to make the pattern pass 2.5.

Finviz-only patterns use more permissive measurement settings. Scanner and Both use the existing stricter settings. The separate Double Bottom Price Map does not determine trade readiness here. A missing pattern in a later scan is not proof of an exit.

Recent breakouts first, then building bases, then older breakouts. Within each group, recorded daily reward-to-risk ranks highest first; ticker breaks ties. Neckline is a reference level, not an approved entry.

Setup Legend

• Below entry: price is below the recorded entry or neckline.
• Above entry, awaiting confirmation: price is at or above that level; the daily scanner has not been rerun.
• At or below stop: the observed price has reached or fallen below the recorded stop.
• At or above target: price has reached or exceeded the original target or objective.
• Trade levels need review: levels are missing or not ordered stop, entry, target.

Daily setup labels: Awaiting Trigger means the daily entry has not been confirmed. Entry Ready, Low Conviction means entry requirements pass but the quality threshold does not. Actionable and Triggered describe the source scanner's completed-session result. Recent Breakout means a daily breakout was recorded; Building a Base means the pattern is forming; Older Breakout means the recorded breakout is older. These labels are historical baseline states, not current entry instructions.

Charts

Charts show confirmed daily history, not intraday candles. The latest observation is in the table above.