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TEO formed a typically symmetrical triangle in an uptrend in the late winter months of '03. After steadily rallying on solid volume (notice the black volume bars are generally bigger than the red ones) the stock made a lower high and a couple higher lows as the stock was compressed by converging trendlines. Volume then surged on the mid-April breakout. Notice the widest part of the pattern (approx. 1.75 points) accurately predicted the move from 4.25 up to 6.0. Textbook play.
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TRPS traded into a symmetrical triangle and broke out on massive volume. Notice the move from 10 to 20 into the pattern was pretty good at forecasting the move from 20 to 30 upon breakout.
%20BPRX.png)
BDY formed a solid symmetrical triangle pattern in the fall of '01 and provided a great move to the upside when the stock broke out. Notice the volume; it was huge on the rally into the pattern, and than it significantly fell off within the pattern.That's exactly what you want to see. Then volume surged again on the breakout. Textbook scenario.
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