Below is a slider quiz to test your ability to identify rounding bottoms. Captions appear below the pictures in red for guidance, so be sure to scroll down far enough to read them.
1 / 6
This is an example of a rounding bottom on the daily scale. Because these patterns can be quite wide, often the weeks scale works better to find them. Look for a rounded
bowl shape (which my red line at A doesn't do justice).
2 / 6
One of the oddities I notice is a pronounced bump mid-way through the turn. Here I show that bump starting at A and ending at B. Thus, if you buy before A, don't
be alarmed if price drops. It'll usually stop the decline above the low at A. If not, then it might be wise to close out a long position. In this example, the low at B is above the
low at A.
3 / 6
Find as many rounding bottoms as you can. For help, click here.
4 / 6
I show the rounding bottoms in red. The downward spikes in the turn during February-March makes that bottom too irregular to qualify.
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