{"product_id":"stcov233vosh","title":"Stocks \u0026 Commodities V. 23:8 (36-39): Volume Shapes And Chart Patterns by Thomas N. Bulkowski","description":"Stocks \u0026amp; Commodities V. 23:8 (36-39): Volume Shapes And Chart Patterns by Thomas N. Bulkowski\u003cbr\u003e\u003cbr\u003eDo volume shapes predict postbreakout performance from chart patterns?\u003cbr\u003e\u003cbr\u003eIn the second edition of my Encyclopedia Of\nChart Patterns, I introduced a concept that I call volume shapes. I reviewed 38,500 chart patterns and catalogued each according to one of five volume shapes: flat, receding, rising, U, and dome, and then\nmeasured performance after the breakout. Here, I will examine the various volume shapes and some of the chart patterns, and discuss performance.\u003cbr\u003e\u003cbr\u003eVOLUME SHAPES\u003cbr\u003e\u003cbr\u003eFlatliners: Figure 1 shows an example of a symmetrical triangle with a flat volume trend. A symmetrical triangle\nis a chart pattern that sports price action bounded by two converging trendlines. One trendline slopes downward and the other upward. Look for price to\ntouch each trendline at least twice (two individual peaks and two valleys), with prices crossing the pattern plenty of times. You should not see an abundance of white space between the trendlines thats key. A breakout occurs when price closes outside of the trendline boundary.\u003cbr\u003e\u003cbr\u003eFlat volume is just what it sounds like. Look for a horizontal volume trend but allow the mountain range to\nappear irregular. Youll see some peaks and valleys, but the overall trend will appear flat.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52134180454769,"sku":"\\V23\\C08\\161BULK.pdf","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_73f9d1da-24ef-463c-b185-99c75dd5e000.jpg?v=1739670549","url":"https:\/\/shop.traders.com\/products\/stcov233vosh","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}