The "Bowl" and "Upside Down Bowl" price reversal models

"Bowl" is quite an interesting price model of the turnaround in terms of its construction. It is formed less frequently than the other spread figuresbut that doesn't make it any less effective.

Consider example of an uptrend with the formation of an "Inverted Bowl". The trend moves progressively upwards with the formation of new peaks (highs). When the price reaches certain values, the price begins to slowly "slide down" without forming new tops. After the price overcomes several support lines, it begins to gain momentum and accelerates its fall.

Trading signals of the "Inverted Bowl" candlestick pattern

Entry point on the technical analysis pattern "Inverted Bowl" can be determined by different methods - with the help of volumes, with the help of Fibo levels, etc. Also, one of the ways to determine the point of entry into the market may be several price highs (for example, three), which are formed below the previous ones. In addition, a downward position may be opened when the price chart is falling faster.

Stop order should be placed above the highest maximum of the "Inverted Bowl" figure. The target is not measured in this price model.

Candle shape "Bowl"formed in the process of changing the downward upward trend, is mirrored by the description and workout on the market.

Example of a "Bowl" pricing model