Hello there,we'll just have to agree to disagree. i've been trading for years, and have studied thousands of chart patterns at this point.
too often the expanding volume does not come until after the breakout.
aside from some trend analysis, just give me price and a breadth indicator, particularly when daytrading, since you simply don't have time for lengthy analysis.
the last thing i want to do is overanalyze, and miss trades. i'd just soon get a few wrong, and let my winners make up for it.
on the longer term charts, i spend a little more time looking at the underlying components, ie apple, msft, sox, etc.,to find confirmation.
notice the two W bottoms below and corresponding volume at breakout. you'd have missed the boat on both.
You didn't read post 12 where i said >
Patterns are fine on stock market but without volume they are useless, because you must watch fora breakout of critical points and observe volume in a creation of pattern to avoid invalid patterns.
Its not just about breakouts, we observe a whole pattern and volume creation there. Anyway, will post new analysis with explanations next week, now i enjoy weekend.