double bottom meaning

  "double bottom" in a sentence
[Economics]
In chartist analysis, the situation in which the prices of a security fall, then rise, then fall again to the same level, producing a 'W' pattern on a graph. This pattern is thought to indicate that the security has much support at the price at the bottom of the W.

Compare:

double top.

See:

support level.


[Finance]
A term used in technical analysis to refer to the drop of a stock's price, a rebound, and then a drop back to the same level as the original drop.

Examples

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  1. is the double bottom block built on pin jigs
  2. cellular double bottom to be constructed under cargo holds and engine room
  3. transf . 100t of ballast water from port no . 1 to stbd no . 2 double bottom
  4. cellular double bottom
  5. instead, look for a small double bottom or double top within the congestion where the trend began

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