I'm not good at explaining so I just put a link from Investopedia.
A ROUNDING TOP is a price pattern used in technical analysis. It is identified by daily price movements, in particular the tops, which when graphed, form a downward sloping curve. Technical analysis of price information suggests that a rounding top may form at the end of an extended upward trend and that this price pattern may indicate a reversal in the long-term price movement.
The rounding top pattern can develop over several days, weeks, months, or even years, with longer time frames to completion forecasting longer changes in trend.
KEY TAKEAWAYS
* A rounding top is a chart pattern used in technical analysis identified by price movements that, when graphed, form the shape of an upside-down "U."
* Rounding tops are found at the end of extended upward trends and may signify a reversal in long-term price movements.
* The duration of the pattern may take months or sometimes years to coalesce. Investors should be aware of the potentially lengthy timeframe necessary to realize a full downturn in price.
The rounding top pattern has three main components:
1. A rounding shape where prices trend higher, taper off, and trend lower;
2. An inverted volume pattern (high on either end, lower in the middle of the pattern);
3. The support price level found at the base of the pattern.
"INVESTOPIDIA"
www.investopedia.com...ms/r/roundingtop.asp
TRACK
* INTERESTING WEEKS
* ONE FAILED ONE IS NOT
* CLASSIC MOTION IN LOWER TIME FARME
* BEAR FLAG
I will update here if my analysis was wrong or correct.
"TA is just a probabilistic analysis- not certainty. Everything is possible. The analysis just points to what is likely probable. TA is not 100% correct." - George Tan
A ROUNDING TOP is a price pattern used in technical analysis. It is identified by daily price movements, in particular the tops, which when graphed, form a downward sloping curve. Technical analysis of price information suggests that a rounding top may form at the end of an extended upward trend and that this price pattern may indicate a reversal in the long-term price movement.
The rounding top pattern can develop over several days, weeks, months, or even years, with longer time frames to completion forecasting longer changes in trend.
KEY TAKEAWAYS
* A rounding top is a chart pattern used in technical analysis identified by price movements that, when graphed, form the shape of an upside-down "U."
* Rounding tops are found at the end of extended upward trends and may signify a reversal in long-term price movements.
* The duration of the pattern may take months or sometimes years to coalesce. Investors should be aware of the potentially lengthy timeframe necessary to realize a full downturn in price.
The rounding top pattern has three main components:
1. A rounding shape where prices trend higher, taper off, and trend lower;
2. An inverted volume pattern (high on either end, lower in the middle of the pattern);
3. The support price level found at the base of the pattern.
"INVESTOPIDIA"
www.investopedia.com...ms/r/roundingtop.asp
TRACK
* INTERESTING WEEKS
* ONE FAILED ONE IS NOT
* CLASSIC MOTION IN LOWER TIME FARME
* BEAR FLAG
I will update here if my analysis was wrong or correct.
"TA is just a probabilistic analysis- not certainty. Everything is possible. The analysis just points to what is likely probable. TA is not 100% correct." - George Tan
