![]() Trading System : Stocks : ![]() Restart 3 Day Bars |
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If there is a long range up day, followed by a small range consolidation within the upper half or third of the long range day, then you look for another long range up day or you even buy in the bottom of the range in anticipation. If it was a really strong up day it may make 2 small range bars or some combination. Sounds like the trend continuation setup we use on intraday basis. We call it JBE (Jump - Base - Explosion). There are several chart formations that fit in this category, and several methods of playing it depending on aggressiveness and on broader market behavior. I always called it "The pause that refreshes" :) It is a pattern showing time correction before trend continuation |