A Classic VCP Pattren
A Classic VCP Pattren
1. A prior uptrend
2. Retracement of 22% from ATH
3. Pullback and again Retracement of 13%
4. Pullback again and now Retracement of 7% that is less than 10%
5. Thus forming a classic VCP pattren.
6. Good Buy candidate above black line .
1. A prior uptrend
2. Retracement of 22% from ATH
3. Pullback and again Retracement of 13%
4. Pullback again and now Retracement of 7% that is less than 10%
5. Thus forming a classic VCP pattren.
6. Good Buy candidate above black line .
Note
Price exploded ouside VCP Pattren and buy activated.....
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.