Definitions

Double Bottom

Posted By: TradersLog

The Double Bottom is a reveral chart pattern that occurs when, during a downtrend, the market makes two lows at the same level. The first trough marks the low of the prior downtrend. This low is followed by an advance of typically 10-20%. The price then retraces back to the low where it finds support and the double bottom is formed.

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Categories Definitions, Technical Analysis Definitions | Tags: Bullish Reversal Patterns, Chart Patterns, Reversal Patterns, Technical Analysis

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