Best Kept Secrets of Never Before Published Chart Patterns
Free Lesson
Author - Michael T.P. Wang at http://www.1stock.info - June, 2004
Introduction
of Best Kept Secrets
Chart Pattern Secrets - Falling Flag
Chart Pattern
Secrets
- Rising Flag

Chart Pattern Secrets - Rising Flag
Secret #3 - Rising Flag Patterns: Rising Flag is a chart pattern name I've created. The stock price rises first (Flagpole) and then forms a upward channel (Flag). This pattern can lead to a price break out in either upward or downward direction.
Note: The Rising Flag Pattern strategy has a very high failure rate. The estimated target price usually is not reached. A successful pattern that reaches target price usually happens at the last breath of an upward trend- not at the beginning or half way up. The only time you should short sell a stock with this pattern is if the stock already has a big upward run after an all time high, reaches resistance, or finishes an upward trend target.
Measuring Target Distance:
Secret #2 - Fibonacci Retracement in Falling Flag Pattern
Trading Choice #1:
Sample #1 - MERQ
Trading Choice #2:
E2. is the Secondary Entry Point as $0.01 below the e. reversal point.
Sample #2 - AMZN
Note: This pattern for long strategy has a very low frequency of occurring. It also has a very high rate of failure, especially in day trading. Therefore, to avoid stop losses- E2. entry is better than E1. entry. A successful pattern usually happens at the beginning of an upward trend and not half way or at the last breath of an upward trend. Only long a stock with this pattern if the stock price has just come out of a big downward trend.
Measuring Target Distance:
Trading Choice #1:
Trading Choice #2:
E2. is the Secondary Entry Point as $0.01 above the e. reversal point.
Sample #3 - GENZ
Below are more Rising Flag samples
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Two
more lessons are for sale: Best Kept Secrets of Powerful Reversal Patterns:
>> W-Bottom and M-Top Patterns Lesson
Secrets of Double Bottoms, Double Tops, One Step Up, One Step Down, Cup and Handle, and Inverted Cup and Handle patterns.
>> Head and Shoulder and Inverted Head and Shoulder Patterns Lesson
Revealing the Best Kept Secrets of powerful top and bottom reversal patterns that every trader must know.
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Suitable for Day Traders, Swing Traders, Penny Stock Traders, Short Term and Long Term Investors.
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Each lesson includes animated pattern explanation, detailed text explanation, and real stock examples, like the format shown in the above free lesson of Falling Flag and Rising Flag Patterns. Each lesson will reveal essential secrets that can help you to find a smart entry price, a precise stop loss price, and an accurate price target in the chart pattern. You will know when to enter and exit a position before it is too late.
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