Skip to main content

Double Bottom

Charting pattern used in technical analysis that denotes a shift in trend and a change in momentum from earlier leading price action. It represents the decline of a stock or index, the subsequent recovery, the subsequent decline to the same or a somewhat lower level, and the subsequent rebound. The two bottoms together resemble the letter "W." A support level is the low that has already been touched twice.

Popular posts from this blog

Tesla Stock Rebounds as Robotaxi Launch Nears and Trump-Musk Feud Fades

Microsoft Stock Powers Ahead: Azure, AI, and the High-Stakes OpenAI Drama

Nike’s Turnaround Journey Gains Momentum Amid Margin Pressure and Tariff Headwinds