Hey everyone! 👋
Last week, we wrote about the "Rounding bottom" pattern. If you missed last week’s post, you can catch up here:
Today we are going to cover the "Rounding top" pattern along with a few examples.
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...
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...
It appears bearish in mutli time frames
Weekly - Ichimoku C Clamp
Daily - Crown Pattern
Hourly - Rounding Pattern
It could retest 16000/15300. View negates above 16900
