$VAPE - Like I said on my previous blog post, this pattern WORKS! And here is a prime example of it. You can see the volume dying down after the morning play but then the stock tops, this is where I put my resistance line. Then you can see the stock putting higher lows, grinding. Now you can anticipate the breakout and enter before the breakout point with a set risk/reward. Then last, volume kicks in and blast off! Huge win for people who got in this one! I wish I would have traded this morning, unfortunately had class and didn't get into the market till the end of the day.
Technical Analysis WORKS! This is one of the patterns of many! The more technical analysis you know the more opportunities for you! Two great books for technical analysis that I downloaded on google are "Japanese Candlestick Charting Techniques, 2nd edition" and "Encyclopedia of Chart Patterns, 2nd edition" Search google for the books pdf file! Great books!
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