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double bottom

   Also found in: Financial, Acronyms, Wikipedia 0.01 sec.
double bottom [¦dəb·əl ′bäd·əm]
(naval architecture)
A ship bottom with space between the inner and outer plating.


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gif" alt="" /> A double bottom is a <strong>bullish reversal pattern</strong> that usually occurs after an extended downward movement in price.
The trend is down, and a double bottom pattern is formed as an indication that the trend will probably reverse.
According to IMO, monoshell oil tankers should be refitted into bivalve ones with double bottoms before 2010.
 
 
 
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