davidspahn

davidspahn

en.wikipedia.org(chart_pattern) There are four types of gaps, excluding the gap that occurs as a result of a stock going ex-dividend. Each type has its own distinctive implication so it is important to be able to distinguish between them. Breakaway gap – occurs when prices break away from an area of congestion. When the price is breaking away from a triangle...

davidspahn

This seems textbook from what i've read on thepatternsite.com so I applied that symmetrical ABCDE triangle to SPY. Short it to the 50MA and load heavy long positions under it. We all know which direction this will break(up)

davidspahn

notice the similarities? i dont..

davidspahn Updated 

Pattern will be confirmed if price breaks below

davidspahn

buy now or stay poor

davidspahn

This could take off with some momentum after a morning dip