The formation of a rounded top on a chart is a good indication that the market will look to test Lower ground soon and thus giving us a Sell signal.
It can also be called a saucer or distribution curve and is seen at the end of an upward trend. It shows the market is running out of steam and cannot achieve new highs.
Volumes will start to reduce as the price reaches it's peak and increase as the price starts to fall.
Happy trading
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