The Rounded Top & Bottom formation is a very gradual change in trend.
This formation includes: Rounded Top & Bottom, Double Top & Bottom, &
Triple Top & Bottom.
Rounded Top
The Rounded Top formation consists of a gradual change in trend from up
to down.
Rounded Bottom
The Rounded Bottom formation consists of a gradual change in trend from
down to up. This formation is the exact opposite of a Rounded Top
Formation.
Double Top
This formation includes two distinct "tops" and anticipates a change in
trend from up to down.
Double Bottom
This formation includes two distinct "bottoms" and anticipates a change
in trend from down to up. This formation is the exact opposite of a
Double Top.
Triple Top
This formation includes three distinct "tops" and anticipates a change
in trend from up to down.
Triple Bottom
This formation includes three distinct "bottoms" and anticipates a
change in trend from down to up. This formation is the exact opposite of
a Triple Top.
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Arc Tool
To illustrate a Rounded Top/Bottom formation on your
futures chart, use the Arc tool in the Advanced Charting Toolbar.
Drawing a Rounded Top Formation:
1. Select the Arc tool from the Toolbar.
2. Click your mouse on the left side of the arc and drag the mouse to
the right side, release the mouse to place the tool.
Resizing the Arc Drawing:
1. Select the arc by clicking on it. Note: The tool is selected
when boxes appear on the corners of the drawing.
2. Click on one of the boxes to drag the select point and release the
mouse button.
Moving the Arc Drawing:
1. Select the arc by clicking on it.
2. Drag to the new location and release the mouse button.
Deleting the Arc Drawing:
1. Select the arc by clicking on it and press the Del(Delete) key on
your keyboard.
2. Or, right-click on the drawing and select the "Delete" option on the
menu.
Changing the Properties of an Arc Drawing:
Right-click on the tool to view the Properties menu. Properties that can
be changed are:
Foreground - Changes the line color of the arc.
Line Thickness - Changes the thickness of the arc line. Choose
values from 1-6.
Line Style - Changes the line style of the arc line. Choose from
Solid, Dashed, Dotted, and more.
Send to Back - Changes the layer of the drawing. This option is
used when more than one drawing is in the same area of the chart. Click
on "Send to Back" when you need to access a drawing under the Arc tool
drawing.
Delete - Select to delete the tool. Example of the Arc Tool in Track 'n Trade Pro:
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