Consolidation patterns and breakouts

NexusFi · 2014-12-21T16:32:46-05:00

Ok say price spikes upwards and then starts to consolidate, would the consolidation pattern be an important factorin determining whether or not the momentum will continue to the upside? Like say its an ascending triangle, theres a horizontal resistance and price keeps making higher lows, this looks to me like buyers are more eager to get into a long, vs a descending triangle where you have a horizontal support but price keeps making lower highs, looks like sellers are more eager to get into a short so youd …

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Updated December 21, 2014

Consolidation patterns and breakouts

December 21st, 2014, 03:29 PM	#11 (permalink)
goun Lisboa Posts: 5 since Jul 2014 Thanks Given: 0 Thanks Received: 1	Does anyone knows any bibliography that explain this kind of pattern?