The phrase
"double bottom" refers to a situation where a financial market or stock price hits a low price level two times before starting to rise again. It indicates a potential trend reversal, suggesting that the market or stock may have reached its bottom and is likely to start increasing.
Full definition
Similar and related words and phrases are presented below.
«double»
«bottom»
Related phrases
Phrases with «double bottom»
Sentences with «double bottom»
- The relationship between this center pivot and current price marks an important focal point as the skilled trader closely watches the development of a suspected double bottom pattern. (tradingday.com)
- His ending point — be in pursuit of the «double bottom line» not just profit but social responsibility and social impact — including an impact on you. (inc.com)
- By the end of this article, you should be able to identify and trade good double bottom chart patterns. (fxdayjob.com)
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