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Understanding Chart Patterns
Dan's 10 Golden Rules
Charting Programs
Recommended Reading
Useful Stock Resources
Glossary
11 Most Common Stock Chart Patterns
1.
Cup & Handle
2.
Flat Base
3.
Ascending Triangle
4.
Parabolic Curve
5.
Wedge Formation
6.
Channel Formation
7.
Symmetrical Triangle
8.
Descending Triangle
9.
Flags & Pennants
10.
Head & Shoulders
11.
Inverted Head & Shoulders

The Flat Base Pattern

The Flat Base is a stock pattern that goes horizontal for any length of time. Very powerful advances can be had from this formation. What we look for is volume drying up as the stock stays at or about the same level going horizontally.

Draw a trend line across the top of this formation. As the stock proceeds through the trend line, the stock is bought as it breaks the trend line and volume increases.

HERE IS A SAMPLE CHART WITH A FLAT BASE PATTERN

 


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CHARTPATTERN.COM™ - Technical stock analyst and World Record Holder Dan Zanger™ shares profitable strategies for trading the stock market in the The Zanger Report™. The Zanger Report™ is a nightly newsletter that features canslim, breakouts, canslim analysis, swing trading, breakout trading, technical stock chart analysis, stock tips, market research, hot stocks, and commented charts with highlighted chartpatterns. Dan Zanger™ shares additional real time strategy plays daily in his large chatrooms and archived daily comments.