In this Knowledge Nugget, I have explained about our "Necklace" Pattern identification. Such stocks in making Necklace may give you 2X to 4X returns in shot span.
Here we have a nice example of a ROUNDED BOTTOM pattern.
Here is a continuation pattern, but it could be a reversal pattern
if the market was trending in a downtrend before the pattern occur.
--> Very good Risk To Reward Ratio ( 1:4.5 = 450 pips).
WATCH OUT FOR THIS PATTERN BECAUSE IT OFFERS VERY GOOD MOVES ! ! !
