Statistics of patterns
- In 75% of cases: a pennant’s continues in the same direction.
- In 15% of cases: a pennant’s continues tries to continue in the same direction but pulls back.
- In 55% of cases, a continues in the same direction and reaches his target.
Notes on patterns
- with a narrow base perform better
- A is stronger if there are no false breaks (false pattern exits).
- If their are pullbacks after exit from the pennant: its bad for its performance.