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.
rising bottoms: A technical chart pattern showing a rising trend in the low prices of a security or commodity.
risk: The measurable possibility of losing or not gaining value. Risk is differentiated from uncertainty, which is not measurable.
Rising bottoms
Chart pattern showing an increasing trend in the daily low prices of a security or commodity.
We define the trend, as well as postulate future price movement, by drawing a line across the rising bottoms.
Trendlines are straight lines that connect each successive rising bottom to show an uptrend or each consecutive declining top to indicate a downtrend. There should be 2 price points for the trendline to be drawn.
A line is drawn under the rising bottoms in the fluctuating uptrend. It takes two rising bottoms to define an uptrend line and three to confirm it.
Still others predict that prices will go up shortly if the %D line forms two rising bottoms is in the oversold region while the prices continue to move lower.
Prices are unable to rise but neither are they able to fall, there is an equilibrium between the buying and selling as is seen by the rising bottoms and the falling tops that form the triangle.
An ascending triangle is a triangle that has a flat top with a rising bottom. It is generally regarded as a bullish pattern.
Fig 2.5 Click to Enlarge.
With an ascending triangle, we really do not know which direction the breakout will be. My best guess is that the market will break to the upside because the rising bottom of an ascending triangle implies that there is increasing demand.
However, if the oscillator falls below -100, the market will probably trend lower during the next two or three weeks. You should postpone buying until the oscillator makes a series of rising bottoms or the market regains strength.
Recovery Stock, Refinancing, Regional Stock Exchanges, Registrar of Companies, Reinvestment Plan, Repurchase Agreement, Reserves, Residual Value, Return on Capital Employed or ROCE, Revenue Items, Reverse Merger, Rights Issue, Rising Bottoms, ...
Look to take profits whenever the percentage of bullish stocks is above 70% (and especially above 80%) and have a column of Os.
Rising bottoms are stronger than flat bottoms.
A bullish divergence is present when the D line is under 20 and forms two rising bottoms while prices continue to move lower. The actual buy or sell signal is triggered when the K line and D line crosses.
rising bottoms A technical analysis term for a chart pattern in which each successive low price is higher than the previous one. risk The possibility of loss in absolute terms, or relative to expectations. Examples...
 See also: Chart, Trading, Analysis, Market, Trend
  
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