Double Bottom

Market Terms

We don't know everything about the markets.  We're just devoted to learners.  Taken from those smarter than ourselves, here's how we define Double Bottom.

A very bullish technical reversal pattern.  A double bottom occurs when a stock or asset hits two consecutive lows with a slight increase between them.  Once the price rises above the high between the lows, bullish momentum is confirmed.  A double bottom is the opposite of a double top, which is taken as a bearish indicator.