A chart sample utilized in technical evaluation which is recognized by worth actions that, when graphed, type the form of an the other way up “U”. A rounding high might type on the finish of an prolonged upward development and signifies a reversal within the long-term worth motion.
The sample can develop over a number of weeks, months and even years, and is taken into account a uncommon prevalence by many merchants.
This sample can be described as an inverse saucer. A rounding high represents a promote sign to technical analysts. The preliminary upwards development turns into exhausted because the demand for the inventory dries up.
The reversal to the downward slope of the rounding high signifies that demand has tapered off and a surplus provide is current, principally there are extra sellers than consumers.
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