A TECHNICAL ANALYSIS charting formation that depicts two SUPPORT LEVELS followed by a BREAKOUT. The multiple rebounds are indicative of support and possible strength on the upside. Also known as a W FORMATION. See also DOUBLE TOP.

More On This Topic

Link to This Definition
Did you find this definition of DOUBLE BOTTOM helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary