Price Action And Volume Correlations by Ken Calhoun
The market always brings us something we can at least eke out a little profit from, but we often miss those signals. This is why itís necessary for traders to continuously search for opportunities, whether it be patterns that keep repeating themselves, pattern breakouts, or a pattern thatís your best secret. Hereís one pattern that can help you identify breakout opportunities.
One of my favorite technical analysis activities is examining strong winning charts to see whether there are repeatable patterns that can be used for future trades. You should always be on the look-out for early technical breakout patterns that can give you a clue as to potential future price action. You can think of it as becoming a market detective, to uncover visual clues that lead to winning trades ...