Saucer

Saucer is a technical charting formation that indicates that a stock's price has reached its low and that the downward trend has come to an end.

Saucer

Saucer is a technical charting formation that indicates that a stock's price has reached its low and that the downward trend has come to an end.

 


Saucer Identification

A saucer is characterized by a steady flattening of the downtrend to such a degree that the market at one moment enters a sideways range, but then slowly starts to rise and finally accelerates upward.

Saucer Interpretation

This formation provides no clear price target but usually implies quite a lot of potential since 50% or more retracement of the preceding downtrend can be expected. 


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