In trading, you need to have a solid plan before you trigger the trade both exiting and entering. As you the start of the the rounded top volume kicked in and increased during the the pattern, and at the end or at the bottom volume decreased. This gradual shift from uptrend to downtrend may give you a good entry provided the price breaks downward from the low of June 17 at and around $30.80. The Rounded Top represents a slow and gradual reversal of the trend from up to sideways to down. Volume diminishes near the bottom as the stock trades within a range and finally bursts as investors become more decisively bearish. While rarer than other reversal patterns and often longer term, Rounded Bottoms usually mark a major turnaround. If you like it follow us..more to come.
