Group: Reversal
Description: A slow reversal pattern forming a smooth rounded top.
Key Characteristics:
- Gradual weakening of upward momentum
- Typically develops on higher timeframes
Trading Logic: Sell on breakout below support. Stop-loss above local highs. Target equals the height of the rounded formation.
Example: Appears on indices before large corrections.
Conclusion: A sign of bull exhaustion and the start of a downtrend.
