Rising Bottom

Rising Bottom, also known as ascending bottom, is a pattern on a security's chart that results from the daily low price rising over time, creating a series of ascending troughs.

Rising Bottom

Rising Bottom, also known as ascending bottom, is a pattern on a security's chart that results from the daily low price rising over time, creating a series of ascending troughs.

 


Explanation of Rising Bottom

Technical traders use this pattern (Rising Bottom) 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.


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