Descending scallops, bullish reversal pattern, completion of the scallop will lead to gains, as can be seen in the first scallop.
Ascending Scallop, this is a bearish reversal pattern.
Bullish Descending Scallop, Breakout has already occurred just an observation, may push higher.
Awkward area, would be nice to see a descending scallop retest.. Play the uncertainty!
Symmetrical triangle can be seen to have formed, a successful descending scallop has led to this formation. Pretty bullish setup. 200MA will act as support or the downfall for this setup.
Descending scallop formation, lower success rate in a bear market than bull.
Looking to form a new uptrend, FARM has formed a higher low, with scallops present. Included fibonacci retracement levels for possible targets if this turns increasingly bullish.
Big boi descending scallop, possible upward movement, however low success rate in a bearish market. A rising wedge can be seen to have caused this scallop (highlighted in red) Included fibonacci levels for possible upward movement targets.
A possible repeating pattern can be seen of a descending scallop, this is supported by a rising RSI. Other chart patterns present include a diamond top reversal, an Adam & Adam bottom, and an Eve. The Diamond Top led to the formation of one of the descending scallops.
Ascending scallop can be seen to show a bearish move, while a Inverted descending scallop can be seen to display a strong bullish move.
DRGNBTC and ZCash have formed a descending scallop of the weekly chart, this may lead to bullish returns in the long term. Highest success rate next to Falling wedges so far. (Higher in a bull market)
Increasing bullish momentum for CMCM within the current downtrend, a successful descending scallop can also be observed.
Clear inverted descending scallop (inverted letter J). Low success rate in bull markets (11/52)
Inverted descending scallop formation, low success rate in a bearish market 5/21 in bearish conditions, but eh, we will see how it plays out. Weekly chart.
Golem can be seen to have formed a inverted descending scallop, this may lead to a short term bullish reversal, the performance of inverted descending scallops is poor with a performance of 5/21 in a bear market.
Two descending scallops in a row! Will this pattern continue with a third? Small bullish upside expected in the near/short term due to the formation of this chart pattern, as can be seen on the first descending scallop.
Following an Adam an eve pattern a Descending scallop has presented itself (letter J reversed) short term bullish reversal. Currently reading - Encyclopedia of chart patterns - Thomas N. Bulkowski, I recommend this for anyone attempting to learn chart patterns, as it was recommended to me. Enjoy !