look how nicely it formed!
we see a highest high to start from. And then it all goes according to what the textbook says:
"Price will form higher lows and lower highs, until it all collapses and just breaks out."
This is a pattern you should always keep in mind! It is sooo likely to happen, and more important, if you trade 10 of them, and 7 go wrong, but 3 will breakout like this one, you can still make money! Just make sure you have the SL positioned right, your loss will be small, and your win will be extraordinary!
So, this is mainly what I am looking for, unfortunately we have billions of stocks around, and you just cant scan them all...
Comment if you like
Give me some thumbs up!
Trade what you see, not what you think