Normal
SureA price consolodation that has 5 internal points and "coils" ie: the price action comes into a very tight range, and the volume drops off. When the triangle breaks it is on very high volume and is a powerful move.Obviously in a downtrend the triangle theoretically should break downwards. High volume is also bearish as it indicates there is still plenty of supply.The link i provided is a fair enough description -- they are outlined in much more detail in Curtis Arnolds PPS Trading Strategy WorkbookNot sure about a link, as im not sure you can get the workbook free on the net anywhere, i'll have a look.
Sure
A price consolodation that has 5 internal points and "coils" ie: the price action comes into a very tight range, and the volume drops off. When the triangle breaks it is on very high volume and is a powerful move.
Obviously in a downtrend the triangle theoretically should break downwards. High volume is also bearish as it indicates there is still plenty of supply.
The link i provided is a fair enough description -- they are outlined in much more detail in Curtis Arnolds PPS Trading Strategy Workbook
Not sure about a link, as im not sure you can get the workbook free on the net anywhere, i'll have a look.
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.