Tops And Bottoms

Discussion in 'Technical Analysis' started by hoodooman, Jan 31, 2007.

  1. hoodooman

    hoodooman

    STOCK CHART PATTERN FAILURE RATE:
    ref: Enclopedia of Chart Patterns by T. N. Bulkowski

    PATTERN FAILURE RATE %

    DOUBLE TOPS 65

    DOUBLE BOTTOMS 64

    HEAD AND SHOULDERS BOTTOMS 5

    HEAD AND SHOULDERS TOPS 7

    RECTANGLE BOTTOMS 0

    RECTANGLE TOPS 2

    TRIPLE BOTTOM 4

    TRIPLE TOP 15
     
    #1     Jan 31, 2007
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