VCP is short for Volatility Contraction Pattern
A term famously used in the books of the legendary trader Mark Minervini.
It refers to the basing pattern formed by contraction in volume from a continuous uptrend in stock price.
You can google it for further details.
Here Abb is forming similar basing pattern and big moment can be seen on the breakout of the blue line.
Your views are welcome in the comments...
Like and follow for more such Ideas :)
A term famously used in the books of the legendary trader Mark Minervini.
It refers to the basing pattern formed by contraction in volume from a continuous uptrend in stock price.
You can google it for further details.
Here Abb is forming similar basing pattern and big moment can be seen on the breakout of the blue line.
Your views are welcome in the comments...
Like and follow for more such Ideas :)