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What is Double Bottom?
A bullish reversal pattern in which price makes two lows at the same support zone and then turns higher.
ExampleThe double bottom completed at TRY 50 support; the target is TRY 70.The figures in the example illustrate the concept; they are not current market data.
Related terms
Support LevelA price zone where declines have historically stopped and buying pressure strengthens.Bollinger BandsUpper and lower bands drawn around price using standard deviation; they flag overbought and oversoldHead and ShouldersA classic price pattern that signals a trend reversal; it has one peak (the head) and two smaller peaks (theResistance LevelA price zone where advances have historically stopped and selling pressure increases.
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Frequently asked questions
What is Double Bottom?
A bullish reversal pattern in which price makes two lows at the same support zone and then turns higher.
What is Double Bottom called in Turkish?
In Turkish financial reporting and news, Double Bottom is called Çift Dip.
Which concepts are related to Double Bottom?
The concepts most often mentioned together with Double Bottom are Support Level.
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