Stocks with Rounding Top Pattern
↓ BearishThe Rounding Top (also called a saucer top) is a long-term reversal pattern that shows a gradual shift from buying pressure to selling pressure. The price forms a smooth, rounded curve at the top, indicating a slow but steady change in market sentiment to the downside.
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Frequently Asked Questions
What does a Rounding Top indicate?
A Rounding Top indicates a gradual shift from bullish to bearish sentiment. It suggests that buying interest is slowly fading and sellers are gaining control, potentially leading to a significant decline.