Saucer(redirected from has eyes like saucers)
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In technical analysis, an indicator that a downtrend is reversing itself. It is marked by a gradual decline in a security's price, followed by a bottom, and finally by a gradual increase. It is important to note that the bottom has low trading volume. The term comes from the fact that, when charted, a saucer trend looks like a small bowl. It is also called a rounded bottom.
In technical analysis, a U-shaped chart pattern that indicates a market bottom for the security or market index being graphed. Also called rounded bottom. See also reversal pattern.