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Today we are going to share a quick write-up about the “Rounding bottom” formation, along with a few examples that may help you solidify your understanding of this chart pattern.
Please remember this is an educational post to help all of our members better understand concepts used in trading or investing. This in no way promotes a particular...
This is a chart of indiamart, here i am sharing to learn some logics of rounding bottom along with reasons, targets and stop loss.
Here price has formed rounding bottom, and now it has given breakout along with good intensity of volume at same breakout candle, with supporting views by rsi above 60 at breakout, along with macd running positive crossover and now...
What is a Rounding Top?
• A rounding top is a chart pattern that graphically forms the shape of an "Inverted U".
• Rounding Tops are found at the end of an uptrend trend and signify a reversal
• It is also referred to as an inverted saucer.
• Ideally, volume and price will move in tandem.
Parts of a Rounding Top:
A rounding Top chart can be divided into...
