As part of articles series about Technical Analysis , I'll explain Rounded Bottoms & Saucers and Cups Patterns
:I talked in previous articles about
Rounded Bottoms Pattern
Rounded Bottoms Pattern
Rounded Bottoms Pattern consists of a group of consecutive tops which comes at the end of up trend ,and If this pattern shown on the chart that mean that it indicates to the market will looking forward to test the lowest levels , so the rounded bottoms are signal to take selling decisions where the highest tops
And This Pattern tell us that the market exhausted bullish energy , and it can't achieving new highest levels higher than this highest levels which it achieved , most of traders when they notice this formation on the chart ,they close all buying deals and open selling deals
Saucers and Cups Pattern
Saucers and Cups Pattern
Rounded Bottoms Pattern consists of a group of consecutive bottoms which comes at the end of down trend , and If this pattern shown on the chart that mean that it indicates to the market will looking forward to test the highest levels , so the Saucers and Cups are signal to take buying decisions where the bottoms
And This Pattern tell us that the market exhausted bearish energy , and it can't achieving new lowest levels lower than this lowest levels which it achieved , most of traders when they notice this formation on the chart ,they close all selling deals and open buying deals
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