Does price have a higher probability for continuation to 1.05XA after completion or for reversal to 0.522XA(same distance in opposite direction)?
I don't want you guys be spoonfeeders, that's why I leave this question unanswered and allow you to find the answer in your own market research. Type your comments below providing your numbers.
I was asking about naked pattern. Your answer is similar to Scott Carney's answer. He also says that the pattern has an 85% probability to show "at least some reaction". But he doesn't provide the swing identificaiton algorithm and he mentions that it depends on "trader's capability to capitalize on these reactions". Basically, what he says this: the patterns probability depends on how a trader executes and manages the trades. If execution and management is the key to probability then why do you need a pattern then.
I was asking about naked pattern. Limit order at completion. Stop at invalidation level. Target at least one to one or whatever other level. What is the probability with this simple rules? Don't repeat what others say. Tell me what you found in your own research.
I'm using Google Translate because I don't have much English. I hope you understand what I write.