Volume Shapes And Chart Patterns by Thomas N. Bulkowski
ARTICLE SYNOPSIS ...Stocks & Commodities V. 23:8 (36-39): Volume Shapes And Chart Patterns by Thomas N. Bulkowski
Do volume shapes predict postbreakout performance from chart patterns?
In the second edition of my Encyclopedia Of
Chart 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
measured performance after the breakout. Here, I will examine the various volume shapes and some of the chart patterns, and discuss performance.
Flatliners: Figure 1 s...