History doesn't repeat itself but it often rhymes. And in the stock market, more specifically with technical analysis, we are able to understand why price moved the way it did in the past and, if it's doing something similar again, what to expect.
So here, we see repeated controlled selling channels (magenta) being used to build liquidity for buyers. We also...
Heres a hindsight view of the ALKS breakout this morning which was in correlation with it announcing earnings. But putting aside the fundamentals of the company, here we focus on technical analysis and how we were prepared for this breakout.
Happy Trading!