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Re: Tlsmd post# 119551

Saturday, 06/10/2017 4:15:59 PM

Saturday, June 10, 2017 4:15:59 PM

Post# of 232853
Each candle represents a week and I chart most of my stocks on Friday.
The beginning of the chart is September 2013 and the low point is at the beginning of 2016 so there is quite a bit of data to look at! I can go further out if anyone is interested but it may not be of any value except to the quizzical.

The formation to which you refer is called a "rounding bottom" which can be seen here:

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:rounding_bottom_reversal

or here:

http://thepatternsite.com/roundb.html

Note I do not track this formation on this chart because of the huge amount of time it encompasses. Perhaps though, I should.

Sometimes, rounding bottoms become a cup and saucer pattern which can be even more bullish but it tends to cause some bulls to sell too soon in the saucer.

I will update the chart and post as needed, and please point out anything you think I may have missed.



Both of the above sites are probably the best pattern sites currently.
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