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Rounding bottom Pattern Importance in Stock Market

Posted By On 10/06/2009 11:24:00 AM Under

The screen shot of rounding bottom will show that it is a long-term reversal pattern and one can see it in the light of the weekly charts.

One can even call it as a saucer bottom, and it represents a long consolidation period and thus one can see stock moving from a bearish bias to a bullish bias.

Existing Prior Trend followed by a decline achieves a Low, thereafter advance and breakout with volume namely characterises this type of pattern.

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