What is the meaning of Double Bottom (Top)?

Double Bottom (Top) is the price action of a security or market average where it has declined (advanced) two times to the same approximate level, indicating the existence of a support (resistance) level and a possibility that the down ward (upward) trend has ended.

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APABarry Goldsmith. (2010). double bottom (top). Retrieved September 21, 2026, from http://smartdefine.org/double_bottom_(top)/definitions/1152363
ChicagoBarry Goldsmith. 2010. "double bottom (top)" http://smartdefine.org/double_bottom_(top)/definitions/1152363 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, double bottom (top), Smart Define, viewed 21 September, 2026, <http://smartdefine.org/double_bottom_(top)/definitions/1152363>.
MLABarry Goldsmith. "double bottom (top)" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/double_bottom_(top)/definitions/1152363>