Double bottom
Two lows at a similar level with a rally between. A break above the rally high suggests a reversal higher.
Related terms
Double top
Two highs at a similar level with a dip between. A break below the…
Support
A price area where buying has previously stopped a decline. Once…
Candlestick
A chart bar showing the open, high, low and close for a period.…
Doji
A candle whose open and close are almost equal, showing indecision.
Engulfing pattern
A candle whose body completely covers the previous candle’s body…
Flag pattern
A short, tight counter-trend channel after a sharp move. It is…