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1/
Volatility Contraction Pattern (VCP) as laid out by
@markminervini is a contraction in price and volume of a security in its simplest meaning.
Some people think that making a few curves makes a VCP. This idea of VCP is so wrong that the pattern loses it's true essence.
Volatility Contraction Pattern (VCP) as laid out by
@markminervini is a contraction in price and volume of a security in its simplest meaning.
Some people think that making a few curves makes a VCP. This idea of VCP is so wrong that the pattern loses it's true essence.
2/
Allow me to explain -
A VCP is not a holy-grail pattern. A VCP has the same characteristics to a Cup & Handle, Inverse H&S, Triangles, Rectangles, among many others.
Allow me to explain -
A VCP is not a holy-grail pattern. A VCP has the same characteristics to a Cup & Handle, Inverse H&S, Triangles, Rectangles, among many others.
