A nice day-trade chart pattern set up example

The pattern break-out leads to a ~48% up in less than a day ! Very powerful !

Some key points that need to be highlighted:

• a bullish trap zone
• bullish pivotal point
• three waves
• MACD above zero
• moving averages are in a bullish set-up pattern
• an up pole with a round bottom

Other technical analysis tips can be found here or the side bar columns.