That indicates a gradual shift in market sentiment

AARTIDRUGS A Rounding Bottom Pattern is a bullish reversal chart pattern that indicates a gradual shift in market sentiment from selling pressure to buying interest. It generally forms a U-shaped structure, where the price initially declines, enters a prolonged consolidation phase at the bottom, and then gradually starts recovering by forming higher lows. The concept behind this pattern is that selling pressure slowly weakens, while buyers begin accumulating the stock at lower levels. As the price moves towards the previous resistance zone, buying momentum gradually increases. A decisive breakout above the neckline or resistance zone, preferably supported by strong volume, confirms the rounding bottom breakout and may signal the beginning of a fresh uptrend. Traders should watch for a successful breakout and retest, as the previous resistance zone can subsequently act as a new support area.