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figUre 13.43 A Rising (Bearish) Wedge Acting as a Reversal Formation on the 4‐Hour
Chart of USDCAD.
Source: MetaTrader 4

figUre 13.44 A Rounding Bottom Formation on the 30‐Min Chart of EURUSD.
Source: MetaTrader 4

In Figure 13.45 we see a rounding bottom finding support at the 61.8 percent

Fibonacci retracement level, accompanied by bullish divergence between price

and the MACD oscillator.

In Figure 13.46 we see a rounding top forming in the vicinity of a head and

shoulders minimum one‐to‐one price target. This rounding top formation has no

clear prior trough that may be used as a breakout level.