When a stock has a strong impulse move on the upside it should consolidate for a while
when the consolidation is over with any pattern like double bottom ,traingle pattern or head and shoulders pattern it should break on the direction that the impulse move had happened incase of any vice verse direction breakout it will be a stoploss hunting
Refer chart for details
when the consolidation is over with any pattern like double bottom ,traingle pattern or head and shoulders pattern it should break on the direction that the impulse move had happened incase of any vice verse direction breakout it will be a stoploss hunting
Refer chart for details