Swing Trading Bull Flags & Pennants by Ken Calhoun
Finding strong swing trading breakouts is often a matter of looking for exceptionally volatile chart patterns, like the flags and pennants you’ll be learning about in this month’s column.
Although you may often miss out on an initial breakout move, the good news is that strong, trending breakout charts tend to attract new buyers. You can capitalize on this by entering after a first strong breakout has already occurred, in anticipation of further uptrending price action. Entering above the highs of flags and pennants, similar to entering after gaps, can often provide you with excellent trading opportunities ...