This is example for the Bump and run reversal in the downtrend, here i am taking the 8 day intraday chart of relcap to show the patten. The distance from the highest high of the bump line is 265 and the distance between the highest high of the lead to the lead trend line is 130. The angle of the trend line is around 45 degrees and the angle between the trend line and the bump trend line may be around 50 degrees. When the resistance bump trend line is taken out then the we can see the volumes come in to move the stock up( Which is a run phase).
Even i don't know much about this patten but i feel that this works. i have given my views on the this patten. If some one has any other views plz let me know.
dear rajendran hope these 2 examples would help you to understand more on this patten and i think you are the one who told me about this patten , thank you so much brother for sharing.
Even i don't know much about this patten but i feel that this works. i have given my views on the this patten. If some one has any other views plz let me know.
dear rajendran hope these 2 examples would help you to understand more on this patten and i think you are the one who told me about this patten , thank you so much brother for sharing.