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Glossary

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Saucers

This is a technical chart pattern that indicates a trend reversal. When a stock has formed a bottom and shows signs of reversing its trend by gradually ascending, this is known as a saucer. There is also a reverse saucer that indicates that a stock has reached its price top and is now descending. The term saucer is derived from the fact that the reversal pattern resembles a saucer on a chart.