Rounding Bottom (Saucer) Chart Pattern A rounding bottom or a saucer is a chart pattern with a trough in the shape of “U”. The “U” is usually very rounded and with a flat bottom. The neck line of this pattern is determined by the high point preceding the U’s formation. The saucer is considered as a reversal pattern. As opposed to many chart patterns, the saucer does not have a specific theoretical price objective. #asktraders #trading #investing #forex #stocks #crypto #fx #ChartPattern #CFD #tec
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Rounding Bottom (Saucer) Chart Pattern A rounding bottom or a saucer is a chart pattern with a trough in the shape of “U”. The “U” is usually very rounded and with a flat bottom. The neck line of this pattern is determined by the high point preceding the U’s formation. The saucer is considered as a reversal pattern. As opposed to many chart patterns, the saucer does not have a specific theoretical price objective. #asktraders #trading #investing #forex #stocks #crypto #fx #ChartPattern #CFD #tec
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