// TRADING TERMINOLOGY

What is Double Bottom?

A bullish reversal pattern that occurs after an asset reaches a low price twice with a moderate rise between the two lows.

In-Depth Explanation

It is confirmed once price breaks above the resistance level between the two lows. It shows that sellers have exhausted their supply at that level.

"The FTSE 100 formed a clear double bottom at 7,200 before rallying back to 7,500."

A bearish reversal pattern that occurs after an asset reaches a high price twice with a moderate decline between the two peaks.

A price level where a falling market finds buying interest and struggles to break below.

A market condition where prices are rising or expected to rise.

A market condition where prices are falling or expected to fall.

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