Extension to above quote....
http://ninetrans.blogspot.in/2013/08/patience-and-agility.html
http://ninetrans.blogspot.in/2013/08/patience-and-agility.html
Learning to catch High Probability Breakouts
- Thread starter amitrandive
- Start date
- Status
..contd
6) Flat Base:
http://ibankcoin.com/chart_addict/2009/05/11/7-common-breakout-patterns-educational/
A flat base is basically an over extended flag trading in a neutral range on low volume. These patterns have one of the most powerful breakouts, ever. A stock can easily double in a matter of days/weeks. There should be no evidence of breakdown in this pattern and they should be entered immediately when you first find them. When the breakout occurs, it its highly likely that you never see pre-breakout prices for a long time.
6) Flat Base:
http://ibankcoin.com/chart_addict/2009/05/11/7-common-breakout-patterns-educational/
A flat base is basically an over extended flag trading in a neutral range on low volume. These patterns have one of the most powerful breakouts, ever. A stock can easily double in a matter of days/weeks. There should be no evidence of breakdown in this pattern and they should be entered immediately when you first find them. When the breakout occurs, it its highly likely that you never see pre-breakout prices for a long time.
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