Thursday, June 19, 2014

Pattern Trading

There are certain price patterns that immediately catch my eye. One of these has formed intraday in GOL today.

When the price stays "locked" in a tight range at the top of a rising triangle there is often a sharp move up. Sometimes the price moves down out of the small triangle, and in those case watching the volume can be invaluable to make a decision to stay with the recent trend or not.

Here is the chart:


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