Anybody able to explain this chart formation to me? I was shown...

Anybody able to explain this chart formation to me?

I was shown this once by a chartist who described it as a classic trend reversal pattern and it's stuck in my head ever since, and I do see them proven occasionally.

I presume it's a kind of double bottom, but now that I hunt for it online, I can't find anyone talking about it, and double bottoms on the sites I'm reading all show them occuring over longer timeframes, not 2 consecutive days.

Using OHLC.
Close price = next day's Open price.
The 2 days share the same high or low price.
(in this case, we are sharing the same low price, indicating a bottom has been reached and we spring up from there)

Obviously this is not confirmed.
To be concrete it would need to rise for the next 3-4 days IMO, and that trend should continue.

Really not banking on it since RYG has been in downtrend for a whole month now, but it is the first time I've noticed this signal occurring since the 6c highs so it's pricked my ears up