Chart Patterns
Tightening
Also called: tight, tightened, tightened up, weeks tight, tight near highs, tight range
When weekly candles get progressively smaller and the price range compresses, usually near the highs of a base. Tightening tells you volatility is drying up and a move is coming because the stock is running out of sellers, and it's one of the things I look for before a breakout because the tighter it gets the bigger the move that follows tends to be.
On the Chart
In Context
“WWD extremely tight near highs, energy systems for industrial power and defense”
Death by a Thousand Cuts·Digest
“The more you zoom out the less random it gets VIAV is up 70% from its recent consolidation and the base alone is impressive, 10+ weeks tight which is a long time for a stock to go nowhere.”
Nothing's Changed Yet·Digest
“Defense tightening near highs, homebuilders following through — themes that have recently been working and this is the follow-through confirmation”
“TSLA at $410 right on the 30-week and 5-year base pivot, ET in energy using last week's [wick low](/concepts/wick-low) as the stop, and a small ENPH which was sitting in a tight range after its biggest volume gap in over a year.”
“Bought GOOGL on Wednesday against its multi-week low, tight range, good r/r.”