Rounding Bottom Chart Pattern
Description
The Rounding Bottom pattern, also known as the "saucer bottom" or "bowl pattern" is a longer term pattern, which generally marks the end of a bear run. Prices have been moving down during the bear, but the price movement begins to proceed at a slower pace, and then starts to slowly reverse and start moving back up. This price movement forms bottom of the saucer or bowl of the rounding bottom. This is a bullish reversal pattern.