Posted On: 01/06/2016 8:21:57 PM
Post# of 72446
Certainly looks like it is the front half of a rounded bottom.
"DEFINITION of 'Rounding Bottom'
A chart pattern used in technical analysis, which is identified by a series of price movements that, when graphed, form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements. This pattern's time frame can vary from several weeks to several months and is deemed by many traders as a rare occurrence."
http://www.investopedia.com/terms/r/roundingbottom.asp
"DEFINITION of 'Rounding Bottom'
A chart pattern used in technical analysis, which is identified by a series of price movements that, when graphed, form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements. This pattern's time frame can vary from several weeks to several months and is deemed by many traders as a rare occurrence."
http://www.investopedia.com/terms/r/roundingbottom.asp
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