Charts
What is Double Bottom?
A "W" shaped pattern that signals a potential reversal upward
Full Explanation
A double bottom forms when a stock hits a low, bounces, drops to the same low again, then bounces again. It forms a "W" shape. Breaking above the middle of the W is the bullish signal.
Pro Tip
The double top is the opposite — an "M" shape that signals a potential drop.
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