A price breakout of the neckline has occurred in the other direction. When the pattern's neckline is broken, enter the market. Look for candle closures above the neckline (for a rounder bottom). When trading the rounded bottom, the stop loss is positioned below the neckline.
The Rounding Bottom is a long-term reversal pattern that works well on weekly time frames. It's also known as a saucer bottom, and it denotes a protracted period of consolidation before the market shifts from bearish to bullish.
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Best technical Analysis course for beginners to pro
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Amir Tufail
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So it's mean that Trends are 3 types : i) Bullish (ii) Barresh (iii) Siteway
And Traders are i) position trader (ii) Swing Trader (iii) Day trader (iv) Scalper Trader
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md arman
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