Research Pit

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TECHNICAL CHART PATTERNS CHARACTERISTICS
Obtained from the book by Thomas N. Bulkowski, Encyclopedia of Chart Patterns



Note! Most technical Analysis chart patterns typically occur slowly over a 3 months to 4 months time span. Therefore, you should only
seriously use a weekly chart profile setting and at least
one-years worth of weekly time plots. .
TOP 10 BULLISH TECHNICAL CHART FORMATIONS WITH HIGHEST MOST LIKELY RISE! AVG.
FAILURES % AVG. RISE % LIKELY RISE %
1. Rounding Tops 6% 41% 30%
2. Broadening Formations, Right Angled
& Descending 19% 27% 25%
3. Scallops, Ascending 25% 33% 25%
4. Head-and-Shoulders Bottoms,
Complex 6% 37% 25%
5. Horn Bottoms 11% 37% 25%
6. Head-and-Shoulders Bottoms 5% 38% 25%
7. Double Bottoms 3% 40% 25%
8. Wedges, Falling 2% 43% 25%
9. Rectangle Top, Up Breakout 2% 52% 25%
10. Flags, High and Tight 17% 63% 25%


TOP 10 BEARISH TECHNICAL CHART FORMATIONS WITH HIGHEST MOST LIKELY DECLINE! AVG.
FAILURES % AVG. DECLINE % LIKELY DECLINE%
1. Pennant, trend down 34% 17% 25%
2. Scallops, Descending 3% 24% 20%
3. Head-and-Shoulders,
Tops, Complex 8% 27% 20%
4. Diamond Tops 25% 21% 20%
5. Broadening Wedges, Descending,
Down Breakout 41% 24% 20%
6. Rectangle Tops, Down Breakout 0% 20% 20%
7. Broadening Bottoms,
Down Breakout 6% 27% 17.5%
8. Bump-and-Run Reversal Tops 19% 24% 17.5%
9. Broadening Tops, Down breakout 4% 23% 15%
10.Triangles, Descending 4% 19% 15%