Double bottom


 

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Double bottom

A reversal pattern in technical analysis.Technically, it is an decline to one price level, followed by a small rally which represents the cleft between the bottoms, followed by a decline to roughly the same level as the first bottom, followed by a clear uptrend.On a chart a double top looks like the letter 'W'.



Similar Matches

Double Escrow

Double Escrow

Two concurrent escrows on the same property, having the same party as buyer and seller of the property. Example: Escrow 1 -A buys from B. Escrow 2 -A sells the same property to C. A is using C's money to buy B's property. The process is illegal in many states unless full disclosure is made.


Double indemnity

Double indemnity

A term normally associated with accident insurance. Under certain conditions, for example a road accident, a policy will pay twice the normal sum to the insured.


Double tax agreement

Double tax agreement

Agreement between two countries that taxes paid abroad can be offset against domestic taxes levied on foreign dividends.


Double top

Double top

A reversal pattern in technical analysis.Technically, it is an advance to one price level, followed by a small decline which represents the valley between the tops, followed by a rally to roughly the same level as the first top, followed by a clear downtrend.On a chart a double top looks like the letter 'M'.


Double taxation relief

Double taxation relief

People resident and domiciled in the UK are liable to income tax from their world-wide income payable to the Inland Revenue. Other countries operate similar taxation rules so that there could arise a situation where an individual is subjected to double taxation. Double taxation relief can be obtained when agreements exist between countries whereby tax already paid on income in a foreign country is offset against the same tax liability in the home country or vice versa.


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