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Bullish Pattern Evolution (12 educational charts)

KEEP IT SIMPLE.......an UPtrend is an UPtrend until its over.

  • A sustainable uptrend is established from a BASE.....the bigger the base, the BETTER / more reliable.

  • IF a stock / index is in an UPtrend, continue looking for bullish patterns UNTIL proven otherwise.

  • A trend can be ascertained by using simple trendlines or moving averages.

  • Untill you violate the 200MA or long-term up trendline with a NASTY stick...forget about BEAR patterns, keep drawing in Bull patterns back to supports.

The following charts are the SAME stock showing the evolution of impending Bullish action.

Chart #1 - Basing.......the longer the base the BETTER.

Chart #2 - Draw in the measurements of the Bull pattern

Charts #3 & 4 - Draw your trend lines in now that the stock has established an uptrend...ALWAYS watch for falling wedges back to trend line or moving average support.

Charts #5, 6, 7, 8 & 9 - A trend is a trend until its OVER !!

Charts #11 & 12- Trend is OVER....flip to BEAR patterns