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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.