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rounding bottom/cup pattern look like a cup
the volume should be low during the rounding bottom and it takes a year to form it and it is a strong pattern
Rounding bottom or Cup pattern is an analysis pattern that takes nearly an year to form and is a strong pattern. The conditions to determine bullish trend are: a cup or rounding bottom pattern should be formed in the interval of nearly a year. Volume should be low at the rounding pattern
Rounding bottom/Cup pattern which is formed rarely only by the stronger hands of the company.
Conditions:
It takes long time to form.
Market trend will not affect much here since the volume is very low during its formation.
At the end of the Strong Cup pattern ,we can assume that the Bullish trend arise.
Rounding bottom/Cup pattern is formed rarely only as this is created by creeping accumulation by the stronger hands.
Conditions:
It takes long time to form.
Market trend will not affect much here since the volume is very low during its formation.
At the end of the Strong Cup pattern ,we can assume the Bullish trend and stock price to rise.
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