Trading Round Bottom Pattern

Trading Round Bottom Pattern

The example above illustrates a "Round bottom" pattern from the Russell 2000 Emini (ER2) futures 610 tick chart. On January 19, 2007, ER2 made a series of highs and lows to form a "Round bottom" pattern in the first hour. A trend line is drawn connecting the previous "swing high" and the "Round bottom."

1. Enter a "long" trade above the high of trend line breakout bar.

2. Place "targets" at previous swing highs prior to the "round bottom" pattern.

3. Place a "stop" order below the trend line.

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