ETHUSD
Comment:
Comment:
bearish trending move followed by two or more equal lows with a series of lower highs
Comment:
The pattern is complete when price breaks above the horizontal resistance area in an ascending triangle, or below the horizontal support area in a descending triangle. The pattern is considered successful if price extends beyond the breakout point for at least the same distance as the pattern width
Comment:
Comment:
thepatternsite.com/dt.html
Overall performance rank for up/down breakouts (1 is best): 5 out of 23; 10 out of 21
Break even failure rate for up/down breakouts: 7%; 16%
Average rise/decline: 47%; 16%
Throwback/pullback rate: 37%, 54%
Percentage meeting price target for up/down breakouts: 84%, 54%
*The above numbers are based on hundreds of perfect trades.
Overall performance rank for up/down breakouts (1 is best): 5 out of 23; 10 out of 21
Break even failure rate for up/down breakouts: 7%; 16%
Average rise/decline: 47%; 16%
Throwback/pullback rate: 37%, 54%
Percentage meeting price target for up/down breakouts: 84%, 54%
*The above numbers are based on hundreds of perfect trades.
Comment:
The above shows one site pegging it at 73% probability for down and another at 54%
I should consider backtesting this pattern
I should consider backtesting this pattern
Comment:
it is starting to look like it's invalid
if this continues we can probably expect btc to also go up
if this continues we can probably expect btc to also go up
Comment:
Trade closed: stop reached