As of 08/23/2019
  Indus: 25,629 -623.34 -2.4%  
  Trans: 9,740 -333.41 -3.3%  
  Utils: 832 -8.66 -1.0%  
  Nasdaq: 7,752 -239.62 -3.0%  
  S&P 500: 2,847 -75.84 -2.6%  
YTD
 +9.9%  
 +6.2%  
 +16.7%  
 +16.8%  
 +13.6%  
  Targets    Overview: 08/15/2019  
  Up arrow27,200 or 24,900 by 09/01/2019
  Up arrow10,700 or 9,550 by 09/01/2019
  Up arrow850 or 790 by 09/01/2019
  Up arrow8,200 or 7,400 by 09/01/2019
  Up arrow3,000 or 2,750 by 09/01/2019
As of 08/23/2019
  Indus: 25,629 -623.34 -2.4%  
  Trans: 9,740 -333.41 -3.3%  
  Utils: 832 -8.66 -1.0%  
  Nasdaq: 7,752 -239.62 -3.0%  
  S&P 500: 2,847 -75.84 -2.6%  
YTD
 +9.9%  
 +6.2%  
 +16.7%  
 +16.8%  
 +13.6%  
  Targets    Overview: 08/15/2019  
  Up arrow27,200 or 24,900 by 09/01/2019
  Up arrow10,700 or 9,550 by 09/01/2019
  Up arrow850 or 790 by 09/01/2019
  Up arrow8,200 or 7,400 by 09/01/2019
  Up arrow3,000 or 2,750 by 09/01/2019

Bulkowski's Best Chart Patterns

 

 Pattern: Up Breakouts  1 Month
Gain 
 2 Month
Gain 
 3 Month
Gain 
High and tight flags22%21%21%
Eve & Eve double bottom9%12%13%
Scallop, ascending and inverted11%12%13%
Rectangle Bottom8%11%14%
Adam & Adam double bottom7%10%12%
Adam & Eve double bottom7%10%10%
Eve & Adam double bottom7%10%14%
Falling wedge8%10%9%
Rounded top7%10%14%
Flag8%9%7%
 Pattern: Down Breakouts  1 Month
Loss 
 2 Month
Loss 
 3 Month
Loss 
Complex head-and-shoulders top-8%-10%-10%
Head-and-shoulders top-7%-8%-7%
Diamond top-8%-7%-6%
Diamond bottom-10%-5%-4%
Scallop, descending-6%-5%-4%
Adam & Adam double top-6%-4%-3%
Right-angled and descending broadening formation-5%-4%0%
Rounded top-6%-4%-4%
Scallop, descending and inverted-4%-4%-4%
Triangle, descending-5%-4%-3%

The table shows the best performing chart patterns for upward breakouts (top half) and downward breakouts (bottom half), sorted by the 2 month's performance column.

I scanned my database of chart patterns (the popular ones) and found over 30,000 samples. Then I measured the price move 1, 2, 3 and 6 months after the breakout. However, I show only a maximum of 3 months in the table.

This measurement technique is different than the one I used in my books. There, I measured the move assuming a perfect trade, from breakout to ultimate high or low (after which price dropped or rose by at least 20%).

This table is just another way of slicing the same information. However, it does contain surprises.

Notice that the cup with handle doesn't appear in the list. That's because performance is poor -- it ranked 11th, so it didn't make the top 10.

Click on the associated link for more information about a chart pattern.

-- Thomas Bulkowski. Donate now to keep this website free.

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See Also

  • Alphabetical list of chart pattern performance, by rank.
  • Failures of chart patterns sorted by break even failure rate rank.
  • Performance of chart patterns, sorted by average rise or decline rank.
  • Alphabetical list of event pattern performance, by rank.
  • Failures of event patterns sorted by break even failure rate rank.
  • Performance of event patterns, sorted by average rise or decline rank.
  • Best buy price. The best buy price is $20 or below.
  • Failures. Which months show the most failures?
  • Failure rates. Chart patterns fail more often than before.
  • Best buy days. Which day of the week is the best one to buy or sell?
  • Best buy months. Can buying at the end of the worst performing month and selling at the best performing be profitable?
  • Seasonality. What are the best months to buy and sell stocks?

 

Support this site! Clicking any of the books (below) takes you to Amazon.com. If you buy ANYTHING while there, they pay for the referral.

My novels:      New                  Bumper's Story Head's Law

Chart Patterns: After the Buy Getting Started in Chart Patterns, Second Edition Trading Basics Fundamental Analysis and Position Trading Swing and Day Trading Visual Guide to Chart Patterns Encyclopedia of Candlestick Charts Encyclopedia of Chart Patterns 2nd Edition Trading Classic Chart Patterns

Copyright © 2005-2019 by Thomas N. Bulkowski. All rights reserved.
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Some pattern names are registered trademarks of their respective owners.

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Sad case: two dozen empties.Smiley