"Saucer patterns are fairly rare, but are usually very predictive. It is important that the formation shows a clear arc with tight trading ranges at the bottom of the arc."
Ed Downs
7 Chart Patterns That
Consistently Make Money
Price and volume gradually accelerate to the upside after an inactive base has been established.
Just above support level
10% below support level
62% retracement
Possible chance to trade Consolidation, Short
Fibonacci Standard
*For a short trade with a Saucer pattern, invert the chart and trading strategy.
"Saucer patterns are fairly rare, but are usually very predictive. It is important that the formation shows a clear arc with tight trading ranges at the bottom of the arc."
Ed Downs
7 Chart Patterns That
Consistently Make Money