Possible Double Bottom after Failed Falling Wedge?!

Just looking here, it seems like there could be a potential buying opportunity, as the market is starting to form a double bottom. There was a falling wedge earlier on, which failed to strike as I thought it might, but here's another opportunity with the double bottom. Just a thought, let me know what you think. I am still paper trading, so all advice welcome! (or tell me how much of a noob I am :D)