Flat-top Expansion Breakouts
Flat–top Expansion Breakouts occur when markets trade sideways for at
least a few weeks, creating a flattening of the stock chart and a period of
built-up energy. When a stock explodes out of this position, it not only does
it strongly, but it many times continues to run for two to three consecutive
days.
–Jeff Cooper, from
Hit and Run Trading II (1998, M. Gordon Publishing
Group, Malibu, Calif.)