An 8-Day Pattern For Short-Term Traders by Omar Ait Hellal, PhD, and Chen Zhang
Here is a continuation pattern that could help swing traders capture some gains in stocks or ETFs that are trending.
Most swing traders don’t hold their positions for more than a few days. They aim to exploit quick momentum of stocks and commodities and rely mainly on trading patterns. Some patterns indicate reversals and others a continuation of a prevailing trend. In general, continuation patterns are of great interest, since established trends tend to continue for a sufficient period of time and can be exploited “more safely” for a decent profit ...