Strong Momentum

Identify the Strengths of the Market

Elliott wave theory defines the strongest and the longest wave is the Third Wave move. For investors to capture the fastest move of the stock price is within the Third Wave. It usually marks the highest momentum and the strongest acceleration to the upside. The runaway gap is the signature of the Third Wave move. Five Star Charts provides many stocks with an opening gap up situations. However, trading the gap requires technical analysis skills on the precise entry or exit. It is not an easy task for retail investors to monitor gaps and define a trading strategy. Five Star Charts attempts to identify the best opportunity for gaps trading. 

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