About meI like the odds; All my trades are based on charts patterns, RSI Divergence and the Bollings Band.
Since there has been decades of research done by Tom Bulkowski we know the win rates of the charts patterns. I will not use any win rates below the 80%.
As per the chart you can see that a H&S (1h TF) and cup and handle (1h, 30m, 15m, 5m TF) are in the making.
We know chart patterns’ success rates and profitability because Tom Bulkowski, the author of The Encyclopedia of Chart Patterns, has spent decades researching this topic.
H&S succes rate = 81% with a price change of -16% on avarage.
Cup and handle succes...