A Rounding Bottom is a Bullish Classical Chart Pattern that is identified by a series of price movements that graphically form the shape of a “U”. A Rounding bottom is found at the end of extended downward trends and is typically used as a reversal pattern to indicate a bullish trend reversal when the breakout […]
What is a Symmetrical Triangle? A Symmetrical triangle is a Classical Pattern that occurs when a security’s price is consolidating in a way that generates two converging trendlines with similar slopes. If trendlines converge at different slopes they form a different chart pattern like a rising or falling wedge or an ascending or descending triangle.