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Bump-and-Run Reversal Bottom?The bump-and-run reversal bottom is a chart pattern that is a surprisingly good performer in both bull (ranking best for performance) and bear markets (ranking second best). It has a low break even failure rate and high average rise after the breakout. Discovered by Thomas Bulkowski in 1999 Bump-and-Run Reversal Bottom: Important Bull Market Results Overall performance rank: 1 (best) out of 39 Break even failure rate: 9% Average rise: 55% Throwback rate: 61% Percentage meeting price target (pattern's top): 76% Shape: A frying pan, tilted down, with the handle on the left. Trendline: During the beginning of the pattern, price often follows a down-sloping trendline that ranges from 0 to 45 degrees (rarely more). Lead-in phase: The handle portion of the frying pan is called the lead-in phase as it leads in to the bump phase. The chart to the lower right shows the location. Lead-in height: Measures from the trendline drawn across the highs to the handle low. Select the widest distance between the trendline and the low, measured vertically, in the first quarter of the chart pattern. The chart to the right shows an example. The height is between the two blue dots. Lead-in duration: At least a month (average is 35 days), but this varies widely. Bump phase: This is the frying pan. The down-sloping trendline deepens to 60 degrees or more. Price drops rapidly then levels out and turns around, forming a rounded turn. Price may pause at the 0 to 45-degree trendline (see Trendline above) before moving higher. The chart to the right shows the location of the bump phase. Bump height: Measured from the trendline to the lowest low, vertically, and it should be at least twice the lead-in height (but allow variation). The chart to the right shows the measure between the two blue dots. Uphill run: After the bump phase, price begins an uphill run. I show the run phase on the chart to the right. Volume: High during the start of the pattern, the bump start, and upward breakout. Confirmation: The pattern confirms when price closes above the down-sloping trendline. Do NOT accept any patterns which does not show a close above the blue trendline (after pattern's end).
BITSTAMP:BTCUSDLong
by Crypt0_Ninja
1
unfi is going down the pattern shows that unfi going to break out , he question is which direction . if look as flag then it will go to down . but it not exactly a flag . so how can we take trade . we will buy the dip ad use stop loss or we will short and use stop loss . the triangle should be used to set stop loss . I am looking for a dump . so what is your opinion . comment down. you have to use stop loss . if it goes down then set the buy price as stop loss . it will go down some and it can also go up . like a falze breakout . so take the 50% when you got a profit and use stop loss as buy price
UShort
by rufaidem
IBM Bump & DropFollowing current trends I want to call a price somewhere around $118 going into as far as 2016. It really doesn't look like this company has any more room to grow and a fall in share price is coming. I have a feeling IBM will gain a bit more, possibly testing resistance again up around $205 making a good area to get shorts in. The resistance arcs are more for arch views than any real calculation, the idea is the general reverse bowl shape being formed. - - - - - All opinions expressed by Emuffn3 on this website are solely Emuffn3’s opinions and do not reflect the opinions of TradingView, or their affiliates. You should not treat any opinion expressed by Emuffn3 as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Emuffn3’s opinions are based upon information he considers reliable, but neither TradingView nor its affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Emuffn3 is not under any obligation to update or correct any information provided on this website. Emuffn3’s statements and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Emuffn3 nor TradingView guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned on this website not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned. Before acting on information on this website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser. Cheers!~ & Happy Trading! Hold of on any real orders till we see motion one way or another, my outlook however, is quite bearish.
NYSE:IBMShort
by Emuffn3