Some Triangles, and some bull flags. My goal this week is to make one disciplined, well thought out trade.
These are some prospects:
FLAGS:
"Usually forms after a rapid and fairly extensive advance which produces a nearly verticle, or at least quite steep price track on the charts. On such moves, volume normally shows a progressive increase until it reaches a high rate. Eventually profit-taking halts the markup. Then follows a series of minor fluctuations, sloping down somewhat, with volume shrinking markedly. and constantly as the pattern develops. The pattern might go on for five days, or three weeks. The explosion in price then practically duplicates the original price movement of the "mast" formation."
Wait until the example is clear - a nearly vertical, almost unbelievable rise, followed by several days of congestion with practically no volume.
Triangles:
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