Winning With Failure by Christopher Narcouzi
ARTICLE SYNOPSIS ...Winning With Failure by Christopher Narcouzi
Believe it or not, you can take advantage of
failed patterns and profit handsomely.
Have you ever bought a stock
after it broke through the
resistance line, only to see
the price drop a few days
later? Have you ever
bought into a breakout
from a reverse head and shoulders pattern,
just to watch that breakout fail a few days
later? If you had placed a stop, as recom-mended,
your position would have closed
out. But you don't have to stop there. In-stead,
close your position and trade the stock
in the opposite direction.
Patterns form because the ma...