Kayıt Tarihi: 13-Kasım-2019
What You Need To Know About Rounding Top And Bottom
|Gönderen: 11-Ocak-2021 Saat 15:02 | Kayıtlı IP
The currency pair that you are looking at is at its all-
time high. You are unsure if you should go Long right
now. This pair has been exceeding expectations for some
months now. Your peers have made their share and you dont
want to be left out. But you are afraid.To get more news
about WikiFX, you can
visit wikifx official website.
These 2 chart patterns are extremely helpful in
warning you of an upcoming reversal, allowing you to make
money. They are the rounding bottom and rounding top
chart patterns.Just prior to the rounding bottom, prices
could be rising or falling. At the start of the rounding
bottom, prices start to fall due to heavier selling.
After some time, optimism returns and the demand
pushes prices up. This results in the right side of the
rounding bottom forming.
Prices are rising. Optimism is high and prices seem to
lack gravity. All of a sudden, prices seem to lose
Gradually, prices started to decline, forming the
right side of the rounding top chart pattern. Pessimism
has crept in.
Before you know it, prices plunge below the
resistance zone (in gray), never turning back.
Spot It Right
To avoid getting caught in a fake rounding top and
bottom chart pattern, youll need to know the
characteristics of both patterns.
Volume is a critical component in identifying these
chart patterns correctly.