The bump-and-run reversal bottom is a chart pattern that is a surprisingly good performer in both bull and bear markets. Screen Shot 2016-08-24 at 2.26.08 PMIt has a very low break even failure rate and high average rise after the breakout. Discovered by Thomas Bulkowski in 1999.
IMPORTANT BULL MARKET RESULTS FOR BUMP-AND-RUN REVERSAL BOTTOM
Overall performance rank (1 is best): 8 out of 23
Break even failure rate: 2%
Average rise: 38%
Throwback rate: 59%
Percentage meeting price target: 68%