INVERSE SAUCER
A technical chart formation that shows the security’s price has hit its high and the upward trend has ended. This is depicted by an unchanging flattening of the uptrend to such a level the market, at one moment, goes through a sideways range, but slowly begins to drop slowly and finally moves downward. This rare formation gives no definite price target but normally denotes somewhat a lot of potential since 50% or more retracement of the prior uptrend can be anticipated. Also called rounded top.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | CBI retail sales volume balance | Apr | |
| 01:01 | BRC Shop Price Index | Apr | |
| 01:30 | Unemployment Rate | Mar | |
| 05:04 | BoJ MPC Interest Rate Announcement | Apr | |
| 05:04 | Monetary Policy Meeting Minutes | ||
| 05:04 | BOJ Outlook Report | ||
| 07:00 | BOJ Core CPI | Mar | |
| 08:30 | Bank of Japan Press Conference | ||
| 09:00 | Unemployment Rate | 1 quarter |
