A Spike Member asked for another example of the Squeeze play, and I happened on COST. After strong earning, COST has drifted sideways on the weekly chart, forming a nice tight, dynamic triangle as the price range compressed. Now on the daily chart a Squeeze is developing. Note this Squeeze or Slim Jim pattern should have at least 12 horizontal bars. This one has about 17. At the right edge of the chart, the 2-day RSI and 2-day FI indicators are getting ST/OS as MACD gets healthier and the Bollinger Bands tighten. I like to enter when the RSI & FI show momentary weakness, so COST is getting close. There’s really not a lot more to the pattern than that, except be sure to use good money management; price could go the other way. If you get shaken out, think about a second entry. Also, this pattern will show up in the front of earnings or news, but COST announced already. A news announcement is certainly possible. The key to the pattern are the Bollinger Bands. They compress together as the range in daily prices shorten. This squeezing together indicates compression, or a reduction of volatility, which will sooner or later revert to an extreme.