SPY - Rounding Top Pattern (Price Reversal)
What Is a Rounding Top?
A rounding top is a price pattern used in technical analysis .
It is identified by daily price movements, in particular the tops, which when graphed, form a downward sloping curve.
Technical analysis of price information suggests that a rounding top may form at the end of an extended upward trend and that this price pattern may indicate a reversal in the long-term price movement.
A rounding top is a price pattern used in technical analysis .
It is identified by daily price movements, in particular the tops, which when graphed, form a downward sloping curve.
Technical analysis of price information suggests that a rounding top may form at the end of an extended upward trend and that this price pattern may indicate a reversal in the long-term price movement.
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