Define: Ascending Bottoms

UK Accounting Glossary

Definition: Ascending Bottoms



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Full Definition of Ascending Bottoms


Ascending bottoms refers to a chart pattern in which the lows of the trading range get progressively higher over a given time frame. Ascending bottoms chart patterns can be used to evaluate stocks, commodities, indexes or virtually anything with a price/time chart. Ascending bottoms can be plotted for virtually any time frame: daily, weekly, monthly, yearly or even longer periods of time. Ascending bottoms are considered an indication of a rising market and are generally viewed as a bullish pattern. Ascending bottoms are considered an especially bullish pattern when combined with ascending tops. Ascending bottoms chart patterns are most likely to be used by a chartist or by a technical analyst. The opposite of ascending bottoms would be a descending bottoms pattern.


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Definition Sources


Definitions for Ascending Bottoms are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 4th February 2020.