Saucer Bottom

What does Saucer Bottom mean?

The Saucer Bottom pattern, also known as the rounding bottom, is a long developing reversal pattern sometimes seen at the end of a protracted bear market.

It presents as a slowly sloping line on the left, which then gently begins to rise on the right of the chart, after the market has found its bottom. It is typically very slow to develop and may take months, or even years, to be fully printed on a price chart.