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Investing > W Formation
The following information is about W Formation.
W Formation Defined
Technical chart pattern of a security's price that shows the price has hit a support level two times and is moving up--also called a "double bottom" formation. A double top is a reverse W-- the price has hit a resistance level and is headed downward.
See Also: Chartist; Double Bottom; Double Top; Resistance Level; Support Level; Technical Analysis
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