in this case, neckline was broken with good volume which was a good indicator.
but the next big red candle showed that the bull move was rejected .
the high volume in the red candle showed that there were lot of suppliers ready to sell .
if the volume had been low on this red candle, then one can expect the price to bounce back .
perhaps, this candle gave a strong signal for the bulls to exit from the position.
Firstly, Double bottom is not broken as of now. Secondly, We can't expect parabolic moves after double bottom. Stocks may stay in range for weeks before they move in any direction.
By the way downside momentum is slowing down as I observed in your chart. May pull up again.
Nothing is for granted in this business.
All the best.
This Chart posted by me..