Breakout Position in Yearly Price Range for Chart Patterns Flashcards
High means?
The pattern performs best when the breakout is within a third of the yearly high
Low means?
The pattern performs best when the breakout is within a third of the yearly low
Middle means?
The pattern performs best when is in the final third
Broadening Bottoms, downward breakout
Performs Best Where?
LOW
Broadening Bottoms, upward breakout
Performs Best Where?
HIGH
Broadening Formations, Right-Angled and Ascending, downward breakout
Performs Best Where?
LOW
Broadening Formations, Right-Angled and Ascending, upward breakout
Performs Best Where?
Middle, HIGH
Broadening Formations, Right-Angled and Descending, upward breakout
Performs Best Where?
Middle
Broadening Tops, downward breakout
LOW
Broadening Tops, upward breakout
HIGH
Broadening Wedges, Ascending, downward breakout
Low
Broadening Wedges, Ascending, upward breakout
Middle High
Broadening Wedges, Descending, downward breakout
LOW
Broadening Wedges, Descending, upward breakout
Low, Middle, High
Diamond Bottoms, downward breakout
LOW
Diamond Bottoms, upward breakout
LOW
Diamond Tops, downward breakout
LOW, Middle
Diamond Tops, upward breakout
Middle
Duble Bottoms, Adam & Adam, upward breakout
LOW
Double Bottoms, Adam & Eve, upward Breakout
HIGH
Double Bottoms, Eve & Adam, upward breakout
LOW
Double Bottoms, Eve & Eve, upward breakout
LOW
Double Tops, Adam & Adam, downward breakout
HIGH
Double Tops, Adam & Eve, downward breakout
Middle
Double Tops, Eve & Adam, downward breakout
LOW, HIGH
Double Tops, Eve & Eve, downward breakout
HIGH
Flags, downward breakout
LOW
Flags, upward breakout
HIGH
Flags, High and Tight, upward breakout
MIDDLE
Head-and-Shoulders Bottoms, upward breakout
HIGH
Head-and-Shoulders Bottoms, Complex, upward breakout
MIDDLE
Head-and-Shoulders Tops, downward breakout
MIDDLE
Head-and-Shoulders Tops, Complex, downward breakout
MIDDLE
Pennants, downward breakout
LOW
Pennants, upward breakout
LOW
Rounding Bottoms, upward breakout
HIGH
Scallops, Ascending and Inverted, upward breakout
LOW
Three Rising Valleys, upward breakout
HIGH
Triangles, Ascending, downward breakout
LOW, Middle
Triangles, Ascending, upward breakout
HIGH
Triangles, Descending, downward breakout
LOW
Triangles, Descending, upward breakout
LOW, HIGH
Triangles, Symmetrical, downward breakout
LOW
Triangles, Symmetrical, upward breakout
LOW
Triple Bottoms, upward breakout
MIDDLE
Triple Tops, downward breakout
HIGH
Pipe Bottom, upward breakout
HIGH
Pipe Bottom, downward breakout
LOW
Totals for upward breakouts:
High: 13
Middle: 7
Low: 9
Totals for downward breakouts:
High: 5
Middle: 6
Low: 14
What the numbers shows?
Shows that upwards breakouts performs best within a third of the yearly high
Downward breakouts perform best within a third of the yearly low.
So buy stocks making new highs and sell them short when they make new lows