A double bottom is a chart pattern that is used by traders to identify a potential reversal in a security’s price trend. The pattern is formed when the price of a security falls to a low point and then rebounds, but fails to break above the high point from the previous decline. The security then […]
What Does A Double Bottom Mean In Stocks
A double bottom is a technical analysis pattern that is used to predict a reversal in a stock’s price movement. The pattern is identified when the price of a stock falls to a new low, rises back to the previous low, and then falls again to a new low. The formation of a double bottom […]
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