I used a stop loss order set a penny below the bottom of the chart pattern. Triangles: ascending, descending, and symmetrical.Scallops: ascending, descending, ascending and inverted, descending and inverted.Head-and-shoulders: tops, bottoms, complex top, complex bottom.Double bottoms and tops: all four combinations of Adam and Eve.Bump-and-run reversal: tops and bottoms.Broadening wedges: ascending and descending.Broadening: bottoms, tops, right-angled and ascending, right-angled and descending.I used the following 43 chart patterns in the analysis, but some only applied if they were busted. Sales happened when price dropped a penny below the bottom of the bearish chart pattern (or busted bullish one) or the opening price if the stock gapped open lower. If price dropped into aīear market while in the trade, that was fine. If the breakout from the chart pattern was in a bear market, I excluded the trade because I only wanted bull market results. The first chart pattern appeared in July 1991 and the last in October 2018, giving me 14,865 trades.
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