Rising Bottom
A pattern on a security's chart that results from the daily low price rising over time, creating a series of ascending troughs. Technical traders use this pattern to confirm that the trend of the underlying security is heading upward. The chart below illustrates a security that has three rising bottoms, indicating progressively higher lows over time.
Also known as "ascending bottom".
Investopedia Says:
This pattern is considered to be bullish. Rising bottoms signify increasing basic support levels and ascending tops. Related Terms:
Ascending Tops
Bar Chart
Bull
Candlestick
Point & Figure Chart
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