OBEROIRLTY 3TVCP
The VCP, which dates back to Richard D. Wyckoff’s “wave pattern,” carries a high rate of success when executed properly. It essentially looks like a bull flag.
Many successful traders may refer to the pattern as simply a “high tight flag.” However, that pattern implies certain criteria that may not fit the VCP.
Regardless, the setup has obvious influence from the teachings of Bill O’Neil and his famous book How to Make Money in Stocks.
“I stuck with the same style and strategy for so many years that I got really good at doing that one thing. I was doing the same exact thing I’m doing now — looking for stocks that are in strong uptrends that are coming out of consolidations.”1
Mark Minervini
Many successful traders may refer to the pattern as simply a “high tight flag.” However, that pattern implies certain criteria that may not fit the VCP.
Regardless, the setup has obvious influence from the teachings of Bill O’Neil and his famous book How to Make Money in Stocks.
“I stuck with the same style and strategy for so many years that I got really good at doing that one thing. I was doing the same exact thing I’m doing now — looking for stocks that are in strong uptrends that are coming out of consolidations.”1
Mark Minervini
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