As of 12/26/2024
Indus: 43,326 +28.77 +0.1%
Trans: 16,104 +40.79 +0.3%
Utils: 992 -1.47 -0.1%
Nasdaq: 20,020 -10.77 -0.1%
S&P 500: 6,038 -2.45 0.0%
|
YTD
+15.0%
+1.3%
+12.5%
+33.4%
+26.6%
|
44,200 or 41,750 by 01/01/2025
16,700 or 15,500 by 01/15/2025
1,050 or 975 by 01/01/2025
20,500 or 19,300 by 01/01/2025
6,100 or 5,775 by 01/01/2025
|
As of 12/26/2024
Indus: 43,326 +28.77 +0.1%
Trans: 16,104 +40.79 +0.3%
Utils: 992 -1.47 -0.1%
Nasdaq: 20,020 -10.77 -0.1%
S&P 500: 6,038 -2.45 0.0%
|
YTD
+15.0%
+1.3%
+12.5%
+33.4%
+26.6%
| |
44,200 or 41,750 by 01/01/2025
16,700 or 15,500 by 01/15/2025
1,050 or 975 by 01/01/2025
20,500 or 19,300 by 01/01/2025
6,100 or 5,775 by 01/01/2025
| ||
Copyright © 2023 by Thomas Bulkowski and ThePatternSite.com. All rights reserved.
Weekly screen for chart patterns found in the last week. Many may be still in development. If no securities appear, then I have not identified any new patterns.
Industry: Insurance (Prop/Casualty)Industry RS rank: 3 out of 60Stock RS rank: 216 out of 6242/9/23 close: $133.561 Month avg volatility: $3.31. Volatility stop (for upward breakout): $125.72 or 5.9% below the close.Change YTD: -1.50%Volume: 1,842,000 shares. 3 month avg: 1,838,948 shares.Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.Chart pattern: Double Bottom, Adam and Adam reversal pattern from 01/19/2023 to 02/02/2023Breakout is upward 100% of the time.Average rise: 35%.Break-even failure rate: 5%.Throwbacks occur 64% of the time.Price hits measure rule target 66% of the time.
Industry: Insurance (Prop/Casualty)Industry RS rank: 3 out of 60Stock RS rank: 260 out of 6242/9/23 close: $135.801 Month avg volatility: $2.97. Volatility stop (for downward breakout): $144.58 or 6.5% above the close.Change YTD: -1.08%Volume: 255,300 shares. 3 month avg: 353,085 shares.Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Tuesday.Chart pattern: Double Top, Eve and Eve reversal pattern from 01/13/2023 to 02/02/2023Breakout is downward 100% of the time.Average decline: 18%.Break-even failure rate: 11%.Pullbacks occur 59% of the time.Price hits measure rule target 73% of the time.
Industry: Semiconductor Cap Equip.WARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 21 out of 60Stock RS rank: 589 out of 6242/9/23 close: $45.941 Month avg volatility: $1.98. Volatility stop (for upward breakout): $41.75 or 9.1% below the close.Change YTD: -21.09%Volume: 5,480,900 shares. 3 month avg: 448,778 shares.Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Thursday.Chart pattern: Rectangle top continuation pattern from 11/16/2022 to 02/08/2023Breakout is upward 68% of the time.Average rise: 39%.Break-even failure rate: 9%.Throwbacks occur 64% of the time.Price hits measure rule target 80% of the time.
Industry: Electric Utility (West)Industry RS rank: 53 out of 60Stock RS rank: 555 out of 6242/9/23 close: $63.211 Month avg volatility: $1.43. Volatility stop (for downward breakout): $66.85 or 5.8% above the close.Change YTD: -10.14%Volume: 1,014,100 shares. 3 month avg: 512,838 shares.Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Tuesday.Chart pattern: Double Top, Adam and Adam reversal pattern from 01/12/2023 to 02/02/2023Breakout is downward 100% of the time.Average decline: 19%.Break-even failure rate: 8%.Pullbacks occur 61% of the time.Price hits measure rule target 72% of the time.
Industry: Electric Utility (Central)Industry RS rank: 58 out of 60Stock RS rank: 493 out of 6242/9/23 close: $28.651 Month avg volatility: $0.59. Volatility stop (for downward breakout): $30.47 or 6.4% above the close.Change YTD: -4.47%Volume: 2,524,900 shares. 3 month avg: 2,845,400 shares.Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.Chart pattern: Triple top reversal pattern from 12/01/2022 to 01/13/2023Breakout is downward 100% of the time.Average decline: 19%.Break-even failure rate: 10%.Pullbacks occur 61% of the time.Price hits measure rule target 40% of the time.
Industry: Chemical (Basic)Industry RS rank: 32 out of 60Stock RS rank: 542 out of 6242/9/23 close: $86.801 Month avg volatility: $2.59. Volatility stop (for downward breakout): $92.45 or 6.5% above the close.Change YTD: 1.88%Volume: 3,076,700 shares. 3 month avg: 3,754,700 shares.Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.Chart pattern: Rectangle bottom continuation pattern from 01/05/2023 to 02/09/2023Breakout is downward 55% of the time.Average decline: 14%.Break-even failure rate: 16%.Pullbacks occur 69% of the time.Price hits measure rule target 50% of the time.
Industry: Electric Utility (East)Industry RS rank: 59 out of 60Stock RS rank: 475 out of 6242/9/23 close: $90.191 Month avg volatility: $1.61. Volatility stop (for downward breakout): $95.57 or 6.0% above the close.Change YTD: -5.37%Volume: 1,468,700 shares. 3 month avg: 1,605,666 shares.Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Friday.Chart pattern: Triple top reversal pattern from 12/01/2022 to 01/11/2023Breakout is downward 100% of the time.Average decline: 19%.Break-even failure rate: 10%.Pullbacks occur 61% of the time.Price hits measure rule target 40% of the time.
Industry: Human ResourcesIndustry RS rank: 41 out of 60Stock RS rank: 120 out of 6242/9/23 close: $26.121 Month avg volatility: $1.50. Volatility stop (for upward breakout): $22.72 or 13.0% below the close.Change YTD: -1.69%Volume: 1,161,100 shares. 3 month avg: 226,311 shares.Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Thursday.Chart pattern: Broadening bottom reversal pattern from 12/16/2022 to 02/09/2023Breakout is upward 53% of the time.Average rise: 27%.Break-even failure rate: 10%.Throwbacks occur 41% of the time.Price hits measure rule target 59% of the time.
Industry: NoneIndustry RS rank: 54 out of 602/9/23 close: $15,067.951 Month avg volatility: $310.62. Volatility stop (for upward breakout): $14,427.75 or 4.3% below the close.Change YTD: 12.52%Volume: 67,073,700 shares. 3 month avg: 92,225,058 shares.Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.Chart pattern: Flag continuation pattern from 02/03/2023 to 02/07/2023Breakout is upward 54% of the time.Average rise: 23%.Break-even failure rate: 4%.Throwbacks occur 43% of the time.Price hits measure rule target 64% of the time.
Industry: Electric Utility (Central)Industry RS rank: 58 out of 60Stock RS rank: 543 out of 6242/9/23 close: $112.001 Month avg volatility: $2.04. Volatility stop (for downward breakout): $117.27 or 4.7% above the close.Change YTD: -4.71%Volume: 1,636,000 shares. 3 month avg: 979,609 shares.Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Tuesday.Chart pattern: Double Top, Adam and Eve reversal pattern from 12/13/2022 to 01/11/2023Breakout is downward 100% of the time.Average decline: 18%.Break-even failure rate: 14%.Pullbacks occur 59% of the time.Price hits measure rule target 69% of the time.
Industry: Electric Utility (East)Industry RS rank: 59 out of 60Stock RS rank: 509 out of 6242/9/23 close: $97.551 Month avg volatility: $1.70. Volatility stop (for downward breakout): $103.78 or 6.4% above the close.Change YTD: -5.28%Volume: 4,383,700 shares. 3 month avg: 2,571,354 shares.Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.Chart pattern: Head-and-shoulders top reversal pattern from 12/14/2022 to 02/02/2023Breakout is downward 100% of the time.Average decline: 22%.Break-even failure rate: 4%.Pullbacks occur 50% of the time.Price hits measure rule target 55% of the time.
Industry: Electric Utility (East)Industry RS rank: 59 out of 60Stock RS rank: 518 out of 6242/9/23 close: $39.991 Month avg volatility: $0.78. Volatility stop (for downward breakout): $42.11 or 5.3% above the close.Change YTD: -7.49%Volume: 6,727,600 shares. 3 month avg: 5,244,875 shares.Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Thursday.Chart pattern: Head-and-shoulders top reversal pattern from 12/14/2022 to 02/02/2023Breakout is downward 100% of the time.Average decline: 22%.Break-even failure rate: 4%.Pullbacks occur 50% of the time.Price hits measure rule target 55% of the time.
Industry: Information ServicesIndustry RS rank: 38 out of 60Stock RS rank: 376 out of 6242/9/23 close: $427.261 Month avg volatility: $8.75. Volatility stop (for upward breakout): $409.56 or 4.1% below the close.Change YTD: 6.49%Volume: 107,900 shares. 3 month avg: 411,949 shares.Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Thursday.Chart pattern: Triangle, ascending reversal pattern from 01/18/2023 to 02/09/2023Breakout is upward 70% of the time.Average rise: 35%.Break-even failure rate: 13%.Throwbacks occur 57% of the time.Price hits measure rule target 75% of the time.
Industry: Electric Utility (East)Industry RS rank: 59 out of 60Stock RS rank: 354 out of 6242/9/23 close: $39.351 Month avg volatility: $0.77. Volatility stop (for downward breakout): $41.37 or 5.1% above the close.Change YTD: -6.18%Volume: 4,140,700 shares. 3 month avg: 4,155,280 shares.Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.Chart pattern: Double Top, Adam and Eve reversal pattern from 12/13/2022 to 01/17/2023Breakout is downward 100% of the time.Average decline: 18%.Break-even failure rate: 14%.Pullbacks occur 59% of the time.Price hits measure rule target 69% of the time.
Industry: ApparelIndustry RS rank: 11 out of 60Stock RS rank: 25 out of 6242/9/23 close: $13.371 Month avg volatility: $0.51. Volatility stop (for upward breakout): $12.31 or 8.0% below the close.Change YTD: 18.53%Volume: 4,747,900 shares. 3 month avg: 5,662,882 shares.Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.Chart pattern: V Bottom Extension from 12/06/2022 to 01/30/2023
Industry: Securities BrokerageIndustry RS rank: 6 out of 60Stock RS rank: 245 out of 6242/9/23 close: $367.991 Month avg volatility: $9.32. Volatility stop (for upward breakout): $349.16 or 5.1% below the close.Change YTD: 7.17%Volume: 1,985,000 shares. 3 month avg: 2,673,269 shares.Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Monday.Chart pattern: Pipe bottom reversal pattern from 01/17/2023 to 01/23/2023Breakout is upward 100% of the time.Average rise: 45%.Break-even failure rate: 5%.Throwbacks occur 44% of the time.Price hits measure rule target 83% of the time.
Industry: Healthcare InformationIndustry RS rank: 60 out of 60Stock RS rank: 351 out of 6242/9/23 close: $60.331 Month avg volatility: $2.00. Volatility stop (for upward breakout): $56.29 or 6.7% below the close.Change YTD: -2.13%Volume: 478,800 shares.Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Wednesday.Chart pattern: Triple bottom reversal pattern from 01/12/2023 to 02/02/2023Breakout is upward 100% of the time.Average rise: 37%.Break-even failure rate: 4%.Throwbacks occur 64% of the time.Price hits measure rule target 64% of the time.
Industry: Medical ServicesIndustry RS rank: 49 out of 60Stock RS rank: 319 out of 6242/9/23 close: $491.931 Month avg volatility: $13.17. Volatility stop (for upward breakout): $461.49 or 6.2% below the close.Change YTD: -3.96%Volume: 978,100 shares.Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.Chart pattern: Broadening bottom reversal pattern from 01/18/2023 to 02/07/2023Breakout is upward 53% of the time.Average rise: 27%.Break-even failure rate: 10%.Throwbacks occur 41% of the time.Price hits measure rule target 59% of the time.
Industry: Human ResourcesIndustry RS rank: 41 out of 60Stock RS rank: 256 out of 6242/9/23 close: $116.631 Month avg volatility: $2.74. Volatility stop (for upward breakout): $108.74 or 6.8% below the close.Change YTD: 2.67%Volume: 321,300 shares. 3 month avg: 131,942 shares.Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.Chart pattern: Double Bottom, Adam and Eve reversal pattern from 01/10/2023 to 02/01/2023Breakout is upward 100% of the time.Average rise: 37%.Break-even failure rate: 5%.Throwbacks occur 59% of the time.Price hits measure rule target 66% of the time.
Industry: Medical ServicesIndustry RS rank: 49 out of 60Stock RS rank: 623 out of 6242/9/23 close: $2.221 Month avg volatility: $0.26. Volatility stop (for downward breakout): $2.90 or 30.7% above the close.Change YTD: 19.35%Volume: 9,318,100 shares. 3 month avg: 321,822 shares.Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Friday.Chart pattern: Triple top reversal pattern from 01/18/2023 to 02/02/2023Breakout is downward 100% of the time.Average decline: 19%.Break-even failure rate: 10%.Pullbacks occur 61% of the time.Price hits measure rule target 40% of the time.
Industry: Financial ServicesIndustry RS rank: 24 out of 60Stock RS rank: 259 out of 6242/9/23 close: $370.421 Month avg volatility: $8.01. Volatility stop (for downward breakout): $390.59 or 5.4% above the close.Change YTD: 6.53%Volume: 2,286,300 shares. 3 month avg: 2,793,240 shares.Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.Chart pattern: Diamond top reversal pattern from 01/09/2023 to 02/07/2023Breakout is downward 69% of the time.Average decline: 21%.Break-even failure rate: 6%.Pullbacks occur 57% of the time.Price hits measure rule target 76% of the time.
Industry: Oilfield Svcs/EquipmentIndustry RS rank: 1 out of 60Stock RS rank: 13 out of 6242/9/23 close: $8.111 Month avg volatility: $0.46. Volatility stop (for downward breakout): $9.08 or 12.0% above the close.Change YTD: 30.31%Volume: 620,800 shares. 3 month avg: 303,508 shares.Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.Chart pattern: Dead-cat bounce continuation pattern from 02/09/2023 to 02/09/2023Breakout is downward 67% of the time.Average decline: 18%.
Industry: BiotechnologyIndustry RS rank: 18 out of 60Stock RS rank: 607 out of 6242/9/23 close: $18.681 Month avg volatility: $0.99. Volatility stop (for downward breakout): $21.30 or 14.0% above the close.Change YTD: 28.74%Volume: 266,900 shares. 3 month avg: 906,888 shares.Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.Chart pattern: Double Top, Adam and Adam reversal pattern from 01/23/2023 to 02/02/2023WARNING: A dead-cat bounce occurred on 11/01/2022. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 05/02/2023.Breakout is downward 100% of the time.Average decline: 19%.Break-even failure rate: 8%.Pullbacks occur 61% of the time.Price hits measure rule target 72% of the time.
Industry: Computers and PeripheralsWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 50 out of 60Stock RS rank: 484 out of 6242/9/23 close: $65.991 Month avg volatility: $1.42. Volatility stop (for upward breakout): $62.80 or 4.8% below the close.Change YTD: 9.87%Volume: 1,807,000 shares. 3 month avg: 2,986,022 shares.Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.Chart pattern: Ugly double bottom reversal pattern from 12/28/2022 to 01/31/2023Breakout is upward 100% of the time.Average rise: 34%.Break-even failure rate: 8%.Throwbacks occur 59% of the time.Price hits measure rule target 76% of the time.
Industry: AdvertisingIndustry RS rank: 31 out of 60Stock RS rank: 268 out of 6242/9/23 close: $20.131 Month avg volatility: $0.60. Volatility stop (for upward breakout): $18.91 or 6.1% below the close.Change YTD: 21.41%Volume: 690,800 shares.Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Monday.Chart pattern: Flag continuation pattern from 02/03/2023 to 02/09/2023Breakout is upward 54% of the time.Average rise: 23%.Break-even failure rate: 4%.Throwbacks occur 43% of the time.Price hits measure rule target 64% of the time.
Industry: Computers and PeripheralsWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 50 out of 602/9/23 close: $30.921 Month avg volatility: $0.80. Volatility stop (for upward breakout): $29.20 or 5.6% below the close.Change YTD: 15.55%Volume: 5,121,300 shares.Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Thursday.Chart pattern: Double Bottom, Adam and Adam reversal pattern from 01/24/2022 to 02/24/2022Breakout is upward 100% of the time.Average rise: 35%.Break-even failure rate: 5%.Throwbacks occur 64% of the time.Price hits measure rule target 66% of the time.
Industry: Chemical (Basic)Industry RS rank: 32 out of 60Stock RS rank: 392 out of 6242/9/23 close: $78.561 Month avg volatility: $3.73. Volatility stop (for upward breakout): $70.73 or 10.0% below the close.Change YTD: 61.68%Volume: 841,100 shares. 3 month avg: 327,891 shares.Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.Chart pattern: Flag continuation pattern from 02/03/2023 to 02/09/2023Breakout is upward 54% of the time.Average rise: 23%.Break-even failure rate: 4%.Throwbacks occur 43% of the time.Price hits measure rule target 64% of the time.
Industry: Electric Utility (West)Industry RS rank: 53 out of 60Stock RS rank: 451 out of 6242/9/23 close: $152.761 Month avg volatility: $3.29. Volatility stop (for downward breakout): $162.70 or 6.5% above the close.Change YTD: -1.15%Volume: 1,411,300 shares. 3 month avg: 1,356,452 shares.Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.Chart pattern: Double Top, Eve and Eve reversal pattern from 01/17/2023 to 01/27/2023Breakout is downward 100% of the time.Average decline: 18%.Break-even failure rate: 11%.Pullbacks occur 59% of the time.Price hits measure rule target 73% of the time.
Industry: ShoeIndustry RS rank: 2 out of 60Stock RS rank: 150 out of 6242/9/23 close: $44.111 Month avg volatility: $1.20. Volatility stop (for downward breakout): $47.74 or 8.2% above the close.Change YTD: 5.15%Volume: 1,609,100 shares. 3 month avg: 3,234,920 shares.Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Monday.Chart pattern: Double Top, Adam and Adam reversal pattern from 01/23/2023 to 02/01/2023Breakout is downward 100% of the time.Average decline: 19%.Break-even failure rate: 8%.Pullbacks occur 61% of the time.Price hits measure rule target 72% of the time.
Industry: Air TransportIndustry RS rank: 52 out of 60Stock RS rank: 567 out of 6242/9/23 close: $19.111 Month avg volatility: $0.81. Volatility stop (for downward breakout): $21.62 or 13.1% above the close.Change YTD: 15.75%Volume: 526,100 shares.Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Friday.Chart pattern: Dead-cat bounce continuation pattern from 02/03/2023 to 02/03/2023Breakout is downward 67% of the time.Average decline: 18%.
Industry: Precision InstrumentIndustry RS rank: 33 out of 60Stock RS rank: 415 out of 6242/9/23 close: $568.931 Month avg volatility: $14.17. Volatility stop (for downward breakout): $611.67 or 7.5% above the close.Change YTD: 3.31%Volume: 960,800 shares. 3 month avg: 1,572,766 shares.Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.Chart pattern: Diamond top reversal pattern from 01/12/2023 to 02/02/2023Breakout is downward 69% of the time.Average decline: 21%.Break-even failure rate: 6%.Pullbacks occur 57% of the time.Price hits measure rule target 76% of the time.
Industry: Natural Gas (Distributor)Industry RS rank: 34 out of 60Stock RS rank: 428 out of 6242/9/23 close: $38.521 Month avg volatility: $1.04. Volatility stop (for upward breakout): $36.10 or 6.3% below the close.Change YTD: 3.91%Volume: 846,500 shares. 3 month avg: 686,418 shares.Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.Chart pattern: Double Bottom, Eve and Adam reversal pattern from 01/20/2023 to 01/31/2023Breakout is upward 100% of the time.Average rise: 35%.Break-even failure rate: 4%.Throwbacks occur 57% of the time.Price hits measure rule target 66% of the time.
Industry: Computers and PeripheralsWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 50 out of 60Stock RS rank: 617 out of 6242/9/23 close: $5.481 Month avg volatility: $0.23. Volatility stop (for downward breakout): $6.31 or 15.1% above the close.Change YTD: 7.24%Volume: 358,700 shares.Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.Chart pattern: Dead-cat bounce continuation pattern from 11/08/2022 to 11/08/2022Breakout is downward 67% of the time.Average decline: 18%.
Industry: BiotechnologyIndustry RS rank: 18 out of 60Stock RS rank: 370 out of 6242/9/23 close: $291.601 Month avg volatility: $6.83. Volatility stop (for downward breakout): $309.18 or 6.0% above the close.Change YTD: 0.98%Volume: 1,798,100 shares. 3 month avg: 1,548,174 shares.Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.Chart pattern: Pipe top reversal pattern from 01/23/2023 to 01/30/2023Breakout is downward 100% of the time.Average decline: 20%.Break-even failure rate: 11%.Pullbacks occur 41% of the time.Price hits measure rule target 70% of the time.
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