A double bottom is a chart pattern that traders can adopt. The only comment I would make on the chart offered is that I am not sure why a 4 hour candle is being used (I would have opted for a daily candle)
I am attaching a video, and a link,that provides further information on the concept.
https://www.investopedia.com/terms/d/doublebottom.asp
Also, while I have never used it personally one must remember that all indicators are simply that - an indication about what may, or may not, happen. This is not disparaging the chartist who posted, simply my thoughts.
I hope this clarifies rather than obfuscates the situation,
CRO chart, page-2661
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