Follow Us

rounded_bottom_forex_pattern

Rounded Top and Bottom Forex Patterns

The rounded top and bottom, also known as saucers consist of a very slow and gradual change in the direction of the market. These patterns reflect the indecision of the market at the end of a trend.

The trading activity is slow. It is hard to to know when the formation is indeed completed, and not for a lack of trying. Like any other consolidation pattern, the longer it takes to complete, the higher the likelihood of a sharp price move in the new direction.

The Figure below displays the rounded bottom formation. The rounded top is the vertical reflection of the rounded bottom.

rounded_bottom_forex_pattern

Top Forex Brokers Reviews here

Register_big