What Are Rounding Top & Bottom Chart Patterns ?

22 Nov in bear put spreads, Blog, bull call spreads, call options, commodity consulting, commodity trading, commodity trading rules, futures broker, managed futures, managed futures accounts, Michael Seery, options broker, put options, Seery Futures.com, simulated trading

Rounding Top & Bottom Formations---Rounding bottom chart patterns in the commodity markets are considered as a bullish signal which indicates a possible reversal of the current downtrend to a new uptrend and generally takes at least 1 month or longer to form so patient is a virtue when you are looking for rounding bottoms, however these indicators can be profitable because in my opinion they are 1 of the best trading indicators out there. These rounding bottom chart patterns in the commodity markets are a long-term reversal patterns that signals a shift from a downtrend to an uptrend.

This pattern can also be used as a rounding top signaling that prices have peaked and look vulnerable to the downside. They are elongated and U-shaped, and are sometimes referred to as rounding turns, bowls or saucers. The pattern is confirmed when the price breaks out above its moving average which also is considered a bullish trading indicator especially if the chart pattern breaks the 20 & 100 moving averages.

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