double bottom meaning

  "double bottom" in a sentence
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.


double top.


support level.

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.


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