double bottom
Definition
A technical analysis term used to describe a chart on which the price of a security has made two approximately equal bottoms over a period of time. Technical analysts try to buy at one of the bottoms in anticipation of a rise (which would make the shape of a "W" on the chart). opposite of double top.
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Related Terms
ascending bottoms, ascending tops, descending tops, descending bottoms, triple bottom, wedge, triangle, W formation
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