Bullish Rounded Base - Flowserve Corporation (Public, NYSE:FLS)
Rounded tops are bearish and rounded bottoms are bullish. FLS formed a bullish rounded bottom (3 NRBs on 15 min.) at the 50% Fib. retracement of the ORL to the morning swing high. Partial out at P and R1.
Rounded tops are bearish and rounded bottoms are bullish. FLS formed a bullish rounded bottom (3 NRBs on 15 min.) at the 50% Fib. retracement of the ORL to the morning swing high. Partial out at P and R1.
2 comments:
Beautiful Jamie!
I also like how FLS looks like a mini inverted H&S in the 1 min chart.
Cheers.
Thanks Anarco,
These rounded shallow base patterns are hard to come by, but they work really well.
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