AXP has a technically perfect “Velocity Run” which is very different from a momentum run. The velocity run ended with a profit-taking day on this chart.

snapshot
americanexpressAXPCandlestick AnalysischartChart PatternsmomentumrunprofittakingRUNTrend Analysisvelocityvelocityrun

Martha Stokes, CMT
ttrader.im/tv-candlesticks

Learn how to use the technical patterns of each market participant for better trade planning.
Also on:

Related publications

Disclaimer