Instead, a second base takes shape above the first, usually as a flat base. There is a "goldilocks" quality to the base on base chart pattern. Advertisement Continue reading About Our Ads ...

This can provide an earlier entry point. As with the from other key chart patterns, the stock should clear the buy point in at least 40% above its 50-day average.

The pattern's basic requirements start with a run up of at least 30% before the stock turns down into a consolidation. The consolidation (the decline from the stock's high) can be up to 35% deep ...

Market leaders such as Meta stock will provide "follow-on" buying patterns that act as intermediary entries along a stock's ...