Trading Rising Wedges

The idea behind pattern pairs is to pick a chart pattern type (like broadening bottoms with upward breakouts) to buy and another to sell (like double tops). You buy the upward breakout from the broadening bottom, hold for a few years, and sell when a double top appears and breaks out downward. Along the way, you give price a chance to rise far enough to overcome those trades which are stopped out for a loss. This is a trend-following strategy.

Trading Rising Wedges: Summary

The figure illustrates the idea for trading pattern pairs, where price is the red line and the boxes are chart patterns. This articles assumes you buy an upward breakout from either a rising wedge or a busted one (price breaks out downward, drops no more than 10%, reverses, and closes above the top of the pattern. Buy as price rises above the top of the pattern).

On the sale side, you can sell the first bearish chart pattern which comes along or wait for your favorite bearish chart pattern to appear and sell then.

Here's a list of the top five performing sell signals, based on annualized gain (annualized because the hold time is often years, in parenthesis).

The following list shows the expected performance of chart pattern pairs, ranked by their expectancy. Expectancy is a way of gauging winning and losing trades and how much money you might make trading a pattern pair. I put the expected profit per trade, per share, in parenthesis.

Trading Rising Wedges: Entry and Exit Conditions

The databases I built over several decades doesn't identify every chart pattern. There may be plenty of double tops over the years, for example, that I didn't catalog on the way to the one I did catalog. So buying an upward breakout from a rising wedge and selling at the double top I cataloged would be different than choosing to sell a different double top. However, the following analysis does give a real-world flavor for how well you might do trading chart patterns if you follow the pattern pair strategy.

I used the following 43 chart patterns in the analysis, but some only applied if they were busted.

Trading Rising Wedges: Stops

I used a stop loss order set a penny below the bottom of the chart pattern. Price on the way down may have gapped below the stop price (for the sale price), so I used the lower of the stop price or the opening price on the day of sale).

For trailing stops, I removed the stop loss order and used a trailing stop set at 10%, 15%, 20%, or 25% below a peak, never lowering the stop value, but raising it if a higher peak came along during the trade.

In Table 1, I calculated the percentage net gain (the average of gains and losses) when using various trailing stop loss amounts (10%, 15%, 20%, and 25%) for all tested chart patterns according to the busted/non-busted buy/sell configuration. In parenthesis is the size of the average loss so I could detail how losses change with various stop loss orders.

For example, if I tested non-busted rising wedges and sold various non-busted patterns (ascending triangles, broadening tops, head-and-shoulders tops, and so on), I made an average of 22% ("Stop Loss Only" column) after having a stop loss order in place. Losses averaged 17%. Replacing the stop loss with a 10% trailing stop cut the gain to 2% but also trimmed the average loss to 6%. Using a 25% trailing stop allowed me to keep more money, 11%, but losses climbed to 15%. If I didn't use any type of stop, the gain averaged 100% with losses averaging 31%.

Table 1: Various Trailing Stop Settings: Net Profit and (Average Loss)
Data	10%	15%	20%	25%	Stop Loss Only	No Stop
Non-busted buys, non-busted sales	2% (-6%)	6% (-8%)	9% (-11%)	11% (-15%)	22% (-17%)	100% (-31%)
Busted buys, non-busted sales	5% (-6%)	8% (-9%)	13% (-12%)	21% (-15%)	22% (-17%)	69% (-30%)
Non-busted buys, busted sales	2% (-5%)	7% (-8%)	10% (-11%)	11% (-15%)	19% (-17%)	122% (-31%)
Busted buys, busted sales	4% (-6%)	7% (-9%)	12% (-12%)	17% (-15%)	20% (-17%)	82% (-27%)

Trading Rising Wedges: Busted Patterns

Table 2 shows what I found when comparing the performance of non-busted patterns (both buy and sell) with busted and non-busted chart patterns. In 22 or 31 contests (up to 31 different chart pattern types, depending on which apply), I compared the three combinations of busted and non-busted buy and sell signals to non-busted buy and sell signals. The table below shows the percentage of time the busted combination beat the non-busted combination in the contests.

I found that the highest rate of success for busted patterns was 48%. If you bought a busted rising wedge and sold a non-busted pattern, that combination would only succeed 48% of the time over the non-busted buy and non-busted sale combination.

According to the contest results, avoid trading using busted chart patterns.

Trading Rising Wedges: Non-busted Buy, Non-Busted Sale

Table 2: Busted or Non-Busted Contest Winners
	Sell Non-Busted Pattern	Sell Busted Pattern
Buy non-busted pattern	N/A (benchmark)	32%
Buy busted pattern	48%	36%

Table 3 shows statistics I collected for rising wedges using the trading rules described above and shown in the figure. A stop loss order was used and priced a penny below the bottom of the chart pattern (after buying).

For example, if you were to buy the upward breakout from a rising wedge chart pattern and hold it until you encountered a broadening bottom (the first chart pattern listed in the table), but one with a downward breakout, you'd net an average of 24% on the 165 (42 winners, 123 losers) trades. That's an average of 142% on your winners, 16% average loss on your losers. You'd find that only 25% of the trades made money but you'd gain an average of 12% per year (ranking 34th where 1 is best). If you removed the stop loss order and just held on until the broadening bottom with a downward breakout appeared, you'd make 63% per trade.

The expectancy averaged $2.40 per share per trade which ranks 65th where 1 is the best value.

Notes: The rank is based on the net gain for all four performance tables (tables 3 to 6) shown below. Trades with sample counts below 30 are not ranked.

Table 3: Statistics for rising wedges
Sell Pattern	Average Win	Average Loss	Net	Annualized Net	Rank	No Stop Net	Win/Loss Samples	Win Loss	Average Expectancy	Expectancy Rank
Broadening bottom	142%	-16%	24%	12%	34	63%	42/123	25%	$2.40	65
Broadening top	108%	-15%	18%	9%	54	102%	80/219	27%	$3.17	47
Broadening formation, right-angled and ascending	78%	-16%	18%	11%	42	39%	46/83	36%	$1.83	71
Broadening formation, right-angled and descending	126%	-16%	31%	16%	13	60%	35/71	33%	$2.16	67
Broadening wedge, ascending	151%	-15%	30%	19%	6	57%	22/60	27%	$0.22	95
Broadening wedge, descending	70%	-16%	6%	3%	102	36%	18/54	25%	$1.60	76
Bump-and-run reversal top	118%	-15%	34%	19%	4	76%	125/214	37%	$5.99	17
Diamond bottom	53%	-13%	15%	7%	73	52%	18/24	43%	$2.78	54
Diamond top	98%	-16%	18%	11%	40	78%	37/87	30%	$3.05	53
Adam & Adam double top	150%	-14%	27%	12%	27	122%	183/553	25%	$5.15	24
Adam & Eve double top	151%	-15%	18%	9%	55	104%	70/275	20%	$1.76	73
Eve & Adam double top	225%	-15%	45%	19%	7	113%	97/291	25%	$7.97	10
Eve & Eve double top	169%	-14%	32%	16%	12	116%	105/312	25%	$6.90	12
Falling wedge	55%	-17%	-3%	-3%	110	40%	15/65	19%	-$5.72	114
Head-and-shoulders top	115%	-14%	21%	11%	44	71%	311/830	27%	$3.14	48
Head-and-shoulders, complex top	90%	-15%	10%	6%	83	41%	45/143	24%	$1.45	80
Rectangle top	149%	-15%	25%	14%	16	67%	44/137	24%	$3.70	37
Rising wedge	126%	-15%	25%	12%	24	66%	83/203	29%	$2.74	56
Rounding top	166%	-15%	21%	10%	50	63%	32/130	20%	$2.53	60
Ascending scallop	96%	-17%	17%	11%	39	51%	21/50	30%	$0.86	85
Descending scallop	96%	-16%	10%	5%	90	62%	125/423	23%	$0.91	82
Scallop, inverted and ascending	278%	-14%	45%	25%	1	112%	14/55	20%	$10.26	5
Scallop, descending and inverted	138%	-16%	19%	9%	58	46%	83/281	23%	$0.78	86
Triangle, ascending	102%	-15%	26%	14%	17	64%	63/120	34%	$3.62	38
Triangle, descending	59%	-16%	-2%	-1%	109	24%	33/147	18%	-$5.53	113
Triangle, symmetrical	113%	-15%	19%	10%	51	65%	149/409	27%	$2.47	62
Triple top	157%	-15%	24%	12%	25	82%	201/668	23%	$3.42	42
Rectangle bottom	55%	-16%	-5%	-4%	111	62%	17/94	15%	-$2.18	104
3 falling peaks	135%	-16%	25%	11%	38	76%	299/813	27%	$3.50	41
Roof	141%	-15%	27%	18%	8	62%	16/44	27%	$3.05	52
Roof, inverted	107%	-15%	25%	12%	33	96%	27/56	33%	$5.13	25
Sell Pattern	Average Win	Average Loss	Net	Annualized Net	Rank	No Stop Net	Win/Loss Samples	Win Loss	Average Expectancy	Expectancy Rank

Trading Rising Wedges: Busted Buy, Non-Busted Sale

The figure shows the setup for this scenario. When price busts the bearish chart pattern (busts a downward breakout from a rising wedge in a bull market), buy. Sell after a downward breakout from the target chart pattern.

Table 4 shows the performance of busted rising wedges for the entry and sales after downward breakouts from various bearish chart patterns. A stop loss order was used and priced a penny below the bottom of the pattern (after buying).

A busted rising wedge has a downward breakout but price drops no more than 10% before reversing and moving above the top of the pattern. Buy when price moves at least a penny above the top of the busted pattern. Sell after price drops at least a penny below the target chart pattern.

For example, buying a rising wedge with a busted downward breakout in a bull market (the entry price is really the higher of a penny above the top of the pattern or the opening price) and selling after the downward breakout from a broadening bottom shows winners averaging gains of 107%. Losses average 16%, for a net of 25%. Annualized that's 11% (ranking 41st). Only 121 trades occurred with a win/loss ratio of 33%. If you traded this as a buy-and-hold position, meaning no stops were used, the net gain climbed to 81%. Expectancy was flat, ranking 98th where 1 is best.

Table 4: Statistics for Busted Buys, Normal Sales
Sell Pattern	Average Win	Average Loss	Net	Annualized Net	Rank	No Stop Net	Win/Loss Samples	Win Loss	Average Expectancy	Expectancy Rank
Broadening bottom	107%	-16%	25%	11%	41	81%	40/81	33%	$0.00	98
Broadening top	110%	-13%	30%	14%	14	69%	103/188	35%	$8.61	6
Broadening formation, right-angled and ascending	86%	-15%	22%	12%	31	39%	46/79	37%	$0.90	83
Broadening formation, right-angled and descending	66%	-14%	11%	5%	87	46%	31/69	31%	$0.55	90
Broadening wedge, ascending	113%	-15%	32%	19%	5	80%	22/38	37%	$2.42	64
Broadening wedge, descending	44%	-14%	-7%	-5%	112	11%	9/58	13%	-$2.48	107
Bump-and-run reversal top	72%	-15%	16%	11%	45	51%	102/186	35%	-$0.17	99
Diamond bottom	48%	-16%	-3%			5%	5/19	21%
Diamond top	95%	-15%	20%	10%	49	65%	33/70	32%	$2.46	63
Adam & Adam double top	166%	-14%	40%	13%	23	113%	208/485	30%	$10.28	4
Adam & Eve double top	96%	-13%	22%	9%	61	84%	93/193	33%	$6.63	16
Eve & Adam double top	128%	-14%	25%	11%	46	88%	100/268	27%	$6.68	15
Eve & Eve double top	101%	-15%	19%	9%	56	81%	99/238	29%	$3.19	45
Falling wedge	78%	-18%	6%	3%	103	19%	18/53	25%	-$2.76	108
Head-and-shoulders top	118%	-13%	26%	12%	26	76%	301/702	30%	$4.35	32
Head-and-shoulders, complex top	86%	-15%	18%	9%	60	52%	46/96	32%	$3.73	35
Rectangle top	96%	-15%	13%	6%	84	54%	41/122	25%	$2.68	58
Rising wedge	70%	-15%	15%	8%	69	49%	105/190	36%	$2.59	59
Rounding top	91%	-16%	11%	5%	91	38%	41/120	25%	-$2.34	106
Ascending scallop	41%	-15%	12%	7%	75	45%	27/29	48%	-$1.54	103
Descending scallop	128%	-16%	22%	12%	32	53%	111/304	27%	$2.69	57
Scallop, inverted and ascending	81%	-17%	14%	6%	77	38%	18/40	31%	-$0.23	100
Scallop, descending and inverted	76%	-17%	9%	5%	92	23%	67/175	28%	$0.87	84
Triangle, ascending	103%	-15%	15%	8%	66	63%	44/127	26%	$1.86	69
Triangle, descending	93%	-15%	16%	8%	70	46%	47/120	28%	-$3.13	109
Triangle, symmetrical	109%	-14%	23%	12%	29	65%	137/317	30%	$3.91	33
Triple top	109%	-14%	23%	10%	47	67%	259/589	31%	$5.56	20
Rectangle bottom	67%	-16%	-1%	-1%	107	23%	22/98	18%	-$4.68	111
3 falling peaks	101%	-16%	19%	8%	64	60%	272/633	30%	$3.57	39
Roof	102%	-12%	13%	8%	68	92%	12/42	22%	$4.39	31
Roof, inverted	118%	-13%	43%	20%	3	73%	30/40	43%	$11.39	3
Sell Pattern	Average Win	Average Loss	Net	Annualized Net	Rank	No Stop Net	Win/Loss Samples	Win Loss	Average Expectancy	Expectancy Rank

Trading Rising Wedges: Non-busted Buy, Busted Sale

A bullish chart pattern appears and you buy at the breakout. Continue holding until your selected chart pattern appears. The chart pattern is bullish because it has an upward breakout but then things go wrong. Price reverses. Sell when the stock dips below the bottom of the chart pattern (meaning it busts the upward breakout).

Table 5 shows the performance statistics for this setup (buying a normal rising wedge and selling only after a busted chart pattern appears). A stop loss order was used and priced a penny below the bottom of the chart pattern (after buying).

For example, buying a rising wedge with an upward breakout in a bull market and selling a busted broadening bottom shows winning trades making an average of 72%. Losing trades lost 15% giving a net gain of 9%. The annualized gain was 4% in this case, giving the setup a rank of 95 (where 1 is best). If you traded this without a stop, the net gain climbed to 41%. Of the stocks I looked at, I found 50 trades with 28% of them winning. Expectancy was $1.24 per share, ranking 81 where 1 is best.

Table 5: Statistics for Normal Buy, Busted Sale
Sell Pattern	Average Win	Average Loss	Net	Annualized Net	Rank	No Stop Net	Win/Loss Samples	Win Loss	Average Expectancy	Expectancy Rank
Broadening bottom	72%	-15%	9%	4%	95	41%	14/36	28%	$1.24	81
Broadening top	126%	-15%	14%	8%	67	66%	32/125	20%	$3.27	44
Broadening formation, right-angled and ascending	156%	-15%	33%	13%	22	80%	18/46	28%	$3.17	46
Broadening formation, right-angled and descending	115%	-13%	24%	11%	43	38%	18/44	29%	$5.11	26
Broadening wedge, ascending	175%	-16%	28%			90%	6/20	23%
Broadening wedge, descending	62%	-16%	7%	3%	100	23%	14/34	29%	$0.74	87
Bump-and-run reversal bottom	82%	-14%	20%	8%	65	44%	14/26	35%	$5.59	19
Cup with handle	81%	-15%	4%			21%	4/16	20%
Diamond bottom	56%	-12%	-1%	-1%	108	111%	6/32	16%	-$1.46	102
Diamond top	180%	-13%	53%	23%	2	111%	17/33	34%	$6.76	14
Adam & Adam double bottom	137%	-14%	26%	11%	37	110%	71/197	26%	$5.18	22
Adam & Eve double bottom	118%	-16%	8%	4%	99	117%	25/118	17%	$0.17	96
Eve & Adam double bottom	102%	-14%	14%	6%	79	91%	23/71	24%	$5.05	28
Eve & Eve double bottom	112%	-15%	17%	8%	71	111%	30/87	26%	$5.39	21
Falling wedge	45%	-17%	-9%	-9%	114	49%	6/44	12%	-$3.61	110
Head-and-shoulders bottom	90%	-14%	8%	4%	97	59%	51/184	22%	$0.24	94
Head-and-shoulders complex bottom	101%	-16%	17%	6%	81	37%	10/26	28%	$4.89	29
Rectangle top	94%	-15%	15%	8%	63	47%	24/64	27%	$1.58	77
Rising wedge	136%	-16%	20%	13%	21	76%	9/29	24%	-$5.29	112
Round bottom	32%	-15%	-6%			44%	2/8	20%
Rounding top	76%	-16%	5%			56%	4/13	24%
Ascending scallop	44%	-15%	4%	2%	104	52%	21/45	32%	$0.44	93
Descending scallop	112%	-16%	18%	9%	59	75%	10/28	26%	$3.50	40
Scallop, inverted and ascending	100%	-17%	12%	6%	86	113%	31/96	24%	$1.82	72
Scallop, descending and inverted	72%	-15%	9%	5%	94	40%	15/40	27%	$1.85	70
Triangle, ascending	91%	-15%	16%	9%	57	68%	27/64	30%	$1.57	78
Triangle, descending	77%	-16%	7%	3%	101	66%	18/57	24%	$0.44	92
Triangle, symmetrical	162%	-15%	33%	16%	11	68%	75/202	27%	$3.13	49
Triple bottom	156%	-15%	33%	14%	15	83%	87/222	28%	$8.23	9
Rectangle bottom	75%	-15%	10%	5%	88	43%	12/31	28%	$0.47	91
3 rising valleys	148%	-15%	31%	14%	20	107%	62/156	28%	$8.43	7
Roof	43%	-15%	-5%			100%	4/20	17%
Roof, inverted	66%	-14%	11%	5%	89	53%	10/22	31%	$1.68	75
Sell Pattern	Average Win	Average Loss	Net	Annualized Net	Rank	No Stop Net	Win/Loss Samples	Win Loss	Average Expectancy	Expectancy Rank

Trading Rising Wedges: Busted Buy, Busted Sale

Table 6 shows the last combination of trading statistics. It shows busted rising wedges as the entry signal and various busted chart patterns as the exit signal. A stop loss order was used and priced a penny below the bottom of the chart pattern (after buying).

For example, buying a busted rising wedge and selling a busted broadening top made 76% from the winners, lost 12% on the losers for a net gain of 9%. Annualized, it was 4%. The net gain placed the performance of this setup at 98, where a rank of 1 is best. Removing stops from the trades allowed them to make 42%. Only 50 trades were taken and 24% of them were winners. Expectancy was a gain of $3.05 per share, ranking 51st among the four tables.

Table 6: Statistics for Busted Buys and Sales
Sell Pattern	Average Win	Average Loss	Net	Annualized Net	Rank	No Stop Net	Win/Loss Samples	Win Loss	Average Expectancy	Expectancy Rank
Broadening bottom	76%	-12%	9%	4%	98	42%	12/38	24%	$3.05	51
Broadening top	102%	-13%	14%	6%	80	81%	38/122	24%	$5.84	18
Broadening formation, right-angled and ascending	56%	-14%	12%	6%	82	33%	21/36	37%	$1.88	68
Broadening formation, right-angled and descending	46%	-15%	2%	1%	106	37%	14/36	28%	$0.08	97
Broadening wedge, ascending	75%	-14%	-3%			56%	3/22	12%
Broadening wedge, descending	92%	-14%	14%	6%	76	47%	12/34	26%	$2.18	66
Bump-and-run reversal bottom	49%	-13%	10%	5%	93	30%	15/25	38%	$2.50	61
Cup with handle	48%	-15%	10%			23%	10/15	40%
Diamond bottom	198%	-14%	39%	17%	10	137%	10/30	25%	$8.25	8
Diamond top	134%	-12%	46%	18%	9	72%	23/35	40%	$13.91	2
Adam & Adam double bottom	158%	-14%	38%	14%	19	112%	65/149	30%	$14.18	1
Adam & Eve double bottom	150%	-13%	30%	12%	35	86%	31/85	27%	$5.17	23
Eve & Adam double bottom	115%	-12%	25%	9%	53	68%	25/61	29%	$7.11	11
Eve & Eve double bottom	90%	-15%	14%	7%	72	44%	21/56	27%	$3.72	36
Falling wedge	88%	-17%	22%	12%	28	36%	13/22	37%	$2.75	55
Head-and-shoulders complex bottom	77%	-13%	10%			63%	7/20	26%
Rectangle top	74%	-14%	10%	6%	85	45%	23/61	27%	$0.66	88
Rising wedge	74%	-12%	18%	10%	52	43%	21/39	35%	-$0.87	101
Round bottom	64%	-13%	14%			13%	6/11	35%
Rounding top	56%	-18%	-6%			0%	4/20	17%
Ascending scallop	81%	-13%	24%	14%	18	54%	22/33	40%	$1.68	74
Descending scallop	153%	-15%	33%			61%	6/15	29%
Scallop, inverted and ascending	99%	-15%	18%	9%	62	66%	36/89	29%	$3.12	50
Scallop, descending and inverted	82%	-14%	16%	6%	78	49%	13/28	32%	$3.30	43
Triangle, ascending	58%	-14%	6%	4%	96	40%	23/60	28%	$0.62	89
Triangle, descending	58%	-16%	5%	2%	105	50%	20/52	28%	$1.52	79
Triangle, symmetrical	77%	-14%	18%	7%	74	66%	87/163	35%	$3.87	34
Triple bottom	118%	-16%	27%	10%	48	71%	98/207	32%	$4.41	30
Rectangle bottom	50%	-20%	-11%	-6%	113	40%	6/38	14%	-$2.25	105
3 rising valleys	122%	-14%	28%	12%	30	71%	61/135	31%	$6.80	13
Roof	54%	-13%	6%			72%	4/10	29%
Roof, inverted	140%	-13%	33%	12%	36	73%	9/21	30%	$5.10	27
Sell Pattern	Average Win	Average Loss	Net	Annualized Net	Rank	No Stop Net	Win/Loss Samples	Win Loss	Average Expectancy	Expectancy Rank

Trading Rising Wedges: Performance Improvements

Here are a few ideas the data suggested which may improve performance of your pattern pairs trading.

Trend Start: Short, Medium, or Long

Find the trend start for your chart pattern. Often you can just look at a chart and see where the trend begins. If not, or you want to be sure, then the glossary describes how to find it.

Determine the length from the trend start to the pattern's start: short term (less than 3 months), medium term (3 to 6 months) or long term (more than 6 months).

Table 7 shows the results for the four combinations of busted/non-busted trades and the resulting performance.

Buy patterns with a short-term (up to 3 months) trend leading to the start of the pattern. That combination works best in three of four cases.

Moving Averages: 50- and 200-Day SMA

Table 7: Short (S) Medium (M) or Long (L) Trend Start and Performance
	Sell Non-Busted Pattern	Sell Busted Pattern
Buy non-busted pattern	S40% M8% L4%	S37% M5% L3
Buy busted pattern	S25% M24% L15%	S20% M24% L17%

I checked two moving averages at buy time, 50- and 200-day simple moving averages (not as a crossover setup). I compared the breakout price to the value of the moving average. Table 8 shows the performance of buying or selling busted or non-busted patterns when the breakout price was above (A) or below (B) the 50-day simple moving average (SMA).

Table 8: Above (A) Below (B) 50-Day Simple Moving Average
	Sell Non-Busted Pattern	Sell Busted Pattern
Buy non-busted pattern	A23% B21%	A20% B19%
Buy busted pattern	A23% B12%	A21% B11%

Table 9 shows the results of using a longer moving average, the 200-day. Traders often use this as a proxy for the long-term trend.

In this case, buy rising wedges when the breakout price is below the 200-day SMA.

Selling First Bearish Chart Pattern

The prior discussion assumes you buy an rising wedge (busted or non-busted) but sell a chart pattern of your choosing, such as a downward breakout from a head-and-shoulders top (you wait for one to appear). What if you sold the first bearish chart pattern which comes along? How would you do?

Table 9: Above (A) Below (B) 200-Day Simple Moving Average
	Sell Non-Busted Pattern	Sell Busted Pattern
Buy non-busted pattern	A15% B65%	A12% B61%
Buy busted pattern	A20% B33%	A18% B37%

Table 10 shows the results sorted by the type of patterns involved (busted or non-busted). For example, if you buy a non-busted rising wedge and sell the first non-busted chart pattern which comes along, you'd make 9% on average. Annualized, you'd make 17%. This compares to an 11% annualized gain if you sell a designated pattern (like you waited for a double top before selling, which may or may not be the first bearish chart pattern to come along).

Selling the first pattern which comes along works only when selling non-busted patterns.

Table 10: Selling the First Bearish Pattern (Annualized)
	Sell Non-Busted Pattern	Sell Busted Pattern
Buy non-busted pattern	9% (17% v 11%)	2% (5% v 9%)
Buy busted pattern	11% (21% v 10%)	1% (1% v 9%)
Expectancy (Below)
	Sell Non-Busted Pattern	Sell Busted Pattern
Buy non-busted pattern	$1.95	$0.49
Buy busted pattern	$2.98	$-0.30

Bulkowski on Pattern Pairs: Rising Wedges