Breakout Position in Yearly Price Range for Chart Patterns Flashcards

1
Q

High means?

A

The pattern performs best when the breakout is within a third of the yearly high

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2
Q

Low means?

A

The pattern performs best when the breakout is within a third of the yearly low

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3
Q

Middle means?

A

The pattern performs best when is in the final third

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4
Q

Broadening Bottoms, downward breakout

Performs Best Where?

A

LOW

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5
Q

Broadening Bottoms, upward breakout

Performs Best Where?

A

HIGH

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6
Q

Broadening Formations, Right-Angled and Ascending, downward breakout

Performs Best Where?

A

LOW

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7
Q

Broadening Formations, Right-Angled and Ascending, upward breakout

Performs Best Where?

A

Middle, HIGH

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8
Q

Broadening Formations, Right-Angled and Descending, upward breakout

Performs Best Where?

A

Middle

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9
Q

Broadening Tops, downward breakout

A

LOW

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10
Q

Broadening Tops, upward breakout

A

HIGH

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11
Q

Broadening Wedges, Ascending, downward breakout

A

Low

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12
Q

Broadening Wedges, Ascending, upward breakout

A

Middle High

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13
Q

Broadening Wedges, Descending, downward breakout

A

LOW

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14
Q

Broadening Wedges, Descending, upward breakout

A

Low, Middle, High

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15
Q

Diamond Bottoms, downward breakout

A

LOW

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16
Q

Diamond Bottoms, upward breakout

A

LOW

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17
Q

Diamond Tops, downward breakout

A

LOW, Middle

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18
Q

Diamond Tops, upward breakout

A

Middle

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19
Q

Duble Bottoms, Adam & Adam, upward breakout

A

LOW

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20
Q

Double Bottoms, Adam & Eve, upward Breakout

A

HIGH

21
Q

Double Bottoms, Eve & Adam, upward breakout

A

LOW

22
Q

Double Bottoms, Eve & Eve, upward breakout

A

LOW

23
Q

Double Tops, Adam & Adam, downward breakout

A

HIGH

24
Q

Double Tops, Adam & Eve, downward breakout

A

Middle

25
Q

Double Tops, Eve & Adam, downward breakout

A

LOW, HIGH

26
Q

Double Tops, Eve & Eve, downward breakout

A

HIGH

27
Q

Flags, downward breakout

A

LOW

28
Q

Flags, upward breakout

A

HIGH

29
Q

Flags, High and Tight, upward breakout

A

MIDDLE

30
Q

Head-and-Shoulders Bottoms, upward breakout

A

HIGH

31
Q

Head-and-Shoulders Bottoms, Complex, upward breakout

A

MIDDLE

32
Q

Head-and-Shoulders Tops, downward breakout

A

MIDDLE

33
Q

Head-and-Shoulders Tops, Complex, downward breakout

A

MIDDLE

34
Q

Pennants, downward breakout

A

LOW

35
Q

Pennants, upward breakout

A

LOW

36
Q

Rounding Bottoms, upward breakout

A

HIGH

37
Q

Scallops, Ascending and Inverted, upward breakout

A

LOW

38
Q

Three Rising Valleys, upward breakout

A

HIGH

39
Q

Triangles, Ascending, downward breakout

A

LOW, Middle

40
Q

Triangles, Ascending, upward breakout

A

HIGH

41
Q

Triangles, Descending, downward breakout

A

LOW

42
Q

Triangles, Descending, upward breakout

A

LOW, HIGH

43
Q

Triangles, Symmetrical, downward breakout

A

LOW

44
Q

Triangles, Symmetrical, upward breakout

A

LOW

45
Q

Triple Bottoms, upward breakout

A

MIDDLE

46
Q

Triple Tops, downward breakout

A

HIGH

47
Q

Pipe Bottom, upward breakout

A

HIGH

48
Q

Pipe Bottom, downward breakout

A

LOW

49
Q

Totals for upward breakouts:

High: 13
Middle: 7
Low: 9

Totals for downward breakouts:

High: 5
Middle: 6
Low: 14

What the numbers shows?

A

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