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This pattern shows a large gain, followed by a period of consolidation. It then breaks past the resistance line. The height of the new breakout should be similar to that of the opening move in the pattern.
 

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o Microsoft 29.90 ▼0.31 (-1.03%)
o Google 628.93 ▲17.82 (2.92%)
o BRE 50.50 ▼0.83 (-1.62%)
o Yahoo 15.28 ▼0.12 (-0.78%)
NASDAQ:MSFT

Microsoft

Company ID [NASDAQ:MSFT] Last trade:29.90 Trade time:4:00PM EDT Value change:▼0.31 (-1.03%)
NASDAQ:GOOG

Google

Company ID [NASDAQ:GOOG] Last trade:628.93 Trade time:4:00PM EDT Value change:▲17.82 (2.92%)
NYSE:BRE

BRE

Company ID [NYSE:BRE] Last trade:50.50 Trade time:4:02PM EDT Value change:▼0.83 (-1.62%)
NASDAQ:YHOO

Yahoo

Company ID [NASDAQ:YHOO] Last trade:15.28 Trade time:4:00PM EDT Value change:▼0.12 (-0.78%)

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