Archive for June, 2010

Successful Trading Chart Patterns – Part 4 of 7

In a rounding top, symmetry is an important distinction. The more dependable rounding top patterns do not wander from the boundaries of a firm semi-circle. Rounding tops can normally be in comparison to a head and shoulders pattern with two left shoulders, one head, and two right shoulders. Any patterns that change from this description can potentially be another pattern all together. If volume declines………….

Successful Trading Chart Patterns – Part 3 of 7

Rising wedges are virtually always reversal patterns in an uptrend. Rising wedges represent the start of a more substantial reversal and can form into additional patterns, such as a rounding top. Hence, the targets after a breakout are limited. Volume is a necessary piece of information with the rising wedge is developing. Volume should be high on the …………

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