As of 11/20/2024
Indus: 43,408 +139.53 +0.3%
Trans: 17,002 -26.31 -0.2%
Utils: 1,055 +1.25 +0.1%
Nasdaq: 18,966 -21.33 -0.1%
S&P 500: 5,917 +0.13 +0.0%
|
YTD
+15.2%
+6.9%
+19.7%
+26.3%
+24.1%
|
46,000 or 43,000 by 12/01/2024
18,000 or 16,600 by 12/01/2024
1,075 or 1,000 by 12/01/2024
20,000 or 18,400 by 12/01/2024
6,100 or 5,800 by 12/01/2024
|
As of 11/20/2024
Indus: 43,408 +139.53 +0.3%
Trans: 17,002 -26.31 -0.2%
Utils: 1,055 +1.25 +0.1%
Nasdaq: 18,966 -21.33 -0.1%
S&P 500: 5,917 +0.13 +0.0%
|
YTD
+15.2%
+6.9%
+19.7%
+26.3%
+24.1%
| |
46,000 or 43,000 by 12/01/2024
18,000 or 16,600 by 12/01/2024
1,075 or 1,000 by 12/01/2024
20,000 or 18,400 by 12/01/2024
6,100 or 5,800 by 12/01/2024
| ||
Statistics updated and new patterns added: 9/10/2020.
In numerous studies I have conducted, one factor towers above all others when trying to gauge the best performance of a chart pattern: Height. Tall chart patterns perform better than short ones. What is meant by tall and what is meant by short?
Compute the chart pattern's height from the highest peak to the lowest valley. Divide the result by the breakout price and then compare it to the median height shown in the following table. If your number is greater than the median then you have a tall pattern. If your number is less than the median then your chart pattern is short.
A similar situation applies to width. Unfortunately, width is a poor indicator of performance because some wide chart patterns perform better and some don't. Measure the length of the chart pattern from its start to its end (in calendar days and not price bars) and compare it to the median width listed in the following table. Wide chart patterns have widths greater than the median. Narrow chart patterns have widths less than the median.
Where does a chart pattern start and end? Use the first peak or valley and the last peak or valley in the chart pattern as the start and end points. A head-and-shoulders top, for example, begins with the highest peak in the left shoulder and ends with the highest peak in the right shoulder.
The "Works Best" column in the following table tells whether tall or short works best for height and narrow or wide works best for width.
-- Thomas Bulkowski
Bull Market Chart Pattern | Median Height (%) | Works Best | Median Width (days) | Works Best |
Big M, down breakout | 12.4 | Tall | 26 | Narrow |
Big W, up breakout | 11.9 | Tall | 23 | Wide |
Broadening Bottoms, down breakout | 13.2 | Tall | 39 | Wide |
Broadening Bottoms, up breakout | 12.0 | Tall | 41 | Narrow |
Broadening Formations, Right-Angled and Ascending, down breakout | 11.4 | Tall | 48 | Wide |
Broadening Formations, Right-Angled and Ascending, up breakout | 10.6 | Tall | 50 | Wide |
Broadening Formations, Right-Angled and Descending, down breakout | 10.4 | Tall | 42 | Wide |
Broadening Formations, Right-Angled and Descending, up breakout | 9.7 | Tall | 50 | Wide |
Broadening Tops, down breakout | 15.2 | Tall | 45 | Wide |
Broadening Tops, up breakout | 10.6 | Tall | 45 | Wide |
Broadening Wedges, Ascending, down breakout | 18.7 | Tall | 59 | Wide |
Broadening Wedges, Ascending, up breakout | 14.8 | Tie | 55 | Narrow |
Broadening Wedges, Descending, down breakout | 13.8 | Tall | 40 | Wide |
Broadening Wedges, Descending, up breakout | 15.9 | Tall | 50 | Wide |
Bump-and-Run Reversal Bottoms, up breakout | 27.2 | Tall | 100 | Tie |
Bump-and-run Reversal Tops, down breakout | 32.0 | Tall | 112 | Wide |
Cup-with-Handle, up breakout | 23.2 | Short | 174 | Narrow |
Cup-with-Handle, Inverted, down breakout | 28.8 | Tall | 134 | Tie |
Diamond Bottoms, down breakout | 12.1 | Tall | 37 | Tie |
Diamond Bottoms, up breakout | 10.9 | Tall | 34 | Wide |
Diamond Tops, down breakout | 9.9 | Tall | 36 | Wide |
Diamond Tops, up breakout | 9.8 | Tall | 38 | Wide |
Double Bottoms, Adam & Adam, up breakout | 9.4 | Tall | 16 | Wide |
Double Bottoms, Adam & Eve, up breakout | 12.5 | Tall | 25 | Wide |
Double Bottoms, Eve & Adam, up breakout | 11.5 | Tall | 23 | Wide |
Double Bottoms, Eve & Eve, up breakout | 14.7 | Tall | 36 | Wide |
Double Tops, Adam & Adam, down breakout | 7.1 | Tall | 15 | Wide |
Bull Market Chart Pattern | Median Height (%) | Works Best | Median Width (days) | Works Best |
Double Tops, Adam & Eve, down breakout | 11.4 | Tall | 23 | Tie |
Double Tops, Eve & Adam, down breakout | 9.6 | Tall | 22 | Wide |
Double Tops, Eve & Eve, down breakout | 13.7 | Tall | 36 | Tie |
Flags, down breakout | 4.4 | Tall | 10 | wide |
Flags, up breakout | 4.3 | Tall | 9 | Narrow |
Flags, High and Tight, up breakout | 14.8 | Short | 60 | Wide |
Head-and-Shoulders Bottoms, up breakout | 13.4 | Tall | 37 | Wide |
Head-and-Shoulders Bottoms, Complex, up breakout | 15.3 | Tall | 62 | Wide |
Head-and-Shoulders Tops, down breakout | 12.5 | Tall | 36 | Wide |
Head-and-Shoulders Tops, Complex, down breakout | 15.4 | Tall | 60 | Wide |
Horn Bottoms, up breakout | 13.5 | Tall | N/A | N/A |
Horn Tops, down breakout | 14.0 | Tall | N/A | N/A |
Islands Reversals, down breakout | 5.6 | Tall | 6 | Wide |
Islands Reversals, up breakout | 5.2 | Tall | 6 | Wide |
Pennants, down breakout | 4.3 | Tall | 6 | Wide |
Pennants, up breakout | 4.2 | Tall | 7 | Wide |
Pipe Bottom, up breakout | 12.2 | Tall | N/A | N/A |
Pipe Tops, down breakout | 13.0 | Tall | N/A | N/A |
Rectangles Bottoms, down breakout | 9.6 | Tall | 55 | Wide |
Rectangles Bottoms, up breakout | 8.3 | Tall | 55 | Wide |
Bull Market Chart Pattern | Median Height (%) | Works Best | Median Width (days) | Works Best |
Rectangles Tops, down breakout | 7.1 | Tall | 49 | Wide |
Rectangles Tops, up breakout | 7.9 | Tall | 53 | Wide |
Roof, down breakout | 8.7 | Tall | 47 | Wide |
Roof, up breakout | 9.2 | Tall | 50 | Wide |
Roof, inverted, down breakout | 9.1 | Tall | 43 | Narrow |
Roof, inverted, up breakout | 8.7 | Tie | 45 | Wide |
Rounding Bottoms, up breakout | 21.9 | Tall | 174 | Wide |
Rounding Tops, down breakout | 36.2 | Tall | 149 | Wide |
Rounding Tops, up breakout | 24.9 | Tall | 145 | Wide |
Scallops, Ascending, down breakout | 18.7 | Tall | 37 | wide |
Scallops, Ascending, up breakout | 18.2 | Tall | 41 | Wide |
Scallops, Ascending and Inverted, up breakout | 17.4 | Tall | 37 | Tie |
Scallops, Descending, down breakout | 18.4 | Tall | 30 | Tie |
Scallops, Descending, up breakout | 17.8 | Short | 36 | Tie |
Scallops, Inverted and Descending, down breakout | 21.1 | Tall | 29 | Narrow |
Scallops, Inverted and Descending, up breakout | 15.5 | Tall | 36 | Wide |
Three Falling Peaks, down breakout | 22.4 | Tall | 57 | tie |
Three Rising Valleys, up breakout | 22.4 | Short | 87 | Wide |
Triangles, Ascending, down breakout | 9.4 | Tall | 43 | Wide |
Triangles, Ascending, up breakout | 9.5 | Tall | 44 | Tie |
Triangles, Descending, down breakout | 11.4 | Tall | 45 | Wide |
Triangles, Descending, up breakout | 9.5 | Tall | 42 | Wide |
Triangles, Symmetrical, down breakout | 11.4 | Tall | 35 | Wide |
Triangles, Symmetrical, up breakout | 10.1 | Tall | 35 | Wide |
Triple Bottoms, up breakout | 9.9 | Tall | 39 | Wide |
Triple Tops, down breakout | 9.7 | Tall | 38 | Wide |
V bottoms, up breakout | 34.0 | Tall | 28 | Wide |
V bottoms, extended, up breakout | 32.6 | Tall | 44 | Wide |
V tops, down breakout | 25.3 | Tall | 18 | Tie |
V tops, extended, down breakout | 22.0 | Tall | 34 | Narrow |
Wedges, Falling, down breakout | 16.1 | Tall | 45 | Wide |
Wedges, Falling, up breakout | 15.0 | Tall | 38 | Wide |
Wedges, Rising, down breakout | 20.1 | Tall | 40 | Wide |
Wedges, Rising, up breakout | 11.9 | Tie | 42 | Wide |
Bull Market Chart Pattern | Median Height (%) | Works Best | Median Width (days) | Works Best |
-- Thomas Bulkowski
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