Rounded Tops and Bottoms Flashcards
1
Q
Most Reversal patterns involve TRs and a Rounded Top/Bottom is a TR
A
Most Reversal patterns involve TRs and a Rounded Top/Bottom is a TR
2
Q
Rounded Top or Bottom is always something else but it is usually a TR
A
Rounded Top or Bottom is always something else but it is usually a TR
3
Q
Is an Endless PB a type of Rounded Bottom?
A
Yes it sometimes can be (See Chart Below)
4
Q
Endless PB - Reversal is CLEAR after BO
A
Endless PB - Reversal is CLEAR after BO
5
Q
Can a Rounded Top Pattern Fail?
A
Yes, like any Pattern a Round Top Pattern can fail
6
Q
When the market is NOT CLEAR, what should the Trader do?
A
Wait for Higher Probability
7
Q
When NOT CLEAR wait for Higher Probability
A
When NOT CLEAR wait for Higher Probability
