Saucers don’t have the normal peaks/troughs layout typically found in reversal patterns. Saucers come in bullish saucer bottoms and bearish saucer tops. Both of these consist of rounding. Saucers literally appear like “bowls” in the price action. They slowly turn over a long period of time.
For a bullish Saucer, the rounding occurs to the bottom. A downtrend curves lower, forms an extremely gradual sideways motion, then curves higher. You may get a trough at the end of the curve upwards, forming a “handle” before price takes off in an uptrend.
For a bearish Saucer, the rounding occurs to the top. An uptrend curves higher into gradual sideways motion. Weakness in the uptrend appears, and it curves lower. Price slowly creates a downtrend as the saucer completes.
Timing the saucer is fairly difficult overall. It has no precise start, and no precise end. It may contain peaks or troughs, but also might have no obvious peaks or troughs. The projection length is also difficult, but the longer a saucer takes to form, the more impact it can have over the long term.
Entry should be based on the peak/trough rule. Once you begin seeing higher peaks and higher troughs during a bullish saucer bottom, you can look to take the trade. If you begin seeing lower peaks and lower troughs during a bearish saucer top, look to take short trades.
Did we help you? Vote with a Crypto-Donation!
Donate Bitcoin Cash
International Economic Analysis:
- Major Currency Economic Summaries
- Performance of Major Imports and Exports
- Mandates of Central Banks versus Expectations
- Performance Indexes of Major Economies
- Economically Correlated Currency Projections
- Large Funds Currency Sentiment Readings
- List of Technical Indicators to Look For
- Occasional: Foregin Exchange Technicals Markups
American Markets Analysis:
- Summaries of American Economic Structure
- Performance of Major
- Federal Reserve Mandate versus Expectations
- Performance Indexes of U.S Economy
- Economically Correlated U.S Dollar Projections
- Large Trading Fund Index Sentiment Readings
- Market Wide Earnings Versus Valuations
- Fundamental Ranking of U.S Business Sectors
- Best and Worst Future Consensus Estimates
- Occasional: Firm Fundamental Strength Report
- List of Technicals to Look for While Trading