Rising Bottom

DEFINITION of '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. Technical traders use this pattern to confirm that the trend of the underlying security is heading upward. The chart below illustrates a security that has three rising bottoms, indicating progressively higher lows over time.

Also known as "ascending bottom".

Rising Bottom

BREAKING DOWN 'Rising Bottom'

This pattern is considered to be bullish. Rising bottoms signify increasing basic support levels and ascending tops.