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1. The Double Bottom:
A trend reversal pattern.
Two lows of similar levels are formed.
ENTRY:
BO of the Neckline shows trend reversal by forming a Higher swing high which is also the entry point.
SL: LOD or swing low at a lower TF
TARGET:
Height of the NL to B1
Eg: #GRANULES
A trend reversal pattern.
Two lows of similar levels are formed.
ENTRY:
BO of the Neckline shows trend reversal by forming a Higher swing high which is also the entry point.
SL: LOD or swing low at a lower TF
TARGET:
Height of the NL to B1
Eg: #GRANULES
2. The Volatility contraction pattern, VCP by Mark Minervini
After a prior uptrend, a stock digests its gains, and profit taking happens. It then bases and gets ready for the next uptrend. VCP is a characteristic of a constructive base. It has the following characteristics:
1/n
After a prior uptrend, a stock digests its gains, and profit taking happens. It then bases and gets ready for the next uptrend. VCP is a characteristic of a constructive base. It has the following characteristics:
1/n
