2013년 6월 24일 월요일

Ascending Broadening Right-Angled Breakout Direction

graphic showing green arrow pointing upward and red arrow pointing downward signifying the breakout direction of the ascending broadening right-angled pattern

According to Bulkowski's (2005) research, the price trend prior to the Broadening Right-Angled Ascending pattern is more often an uptrend (67% of the time) versus a downtrend (33%) and prices break out of the pattern to the downside 66% of the time versus breaking upward 34% of the time.

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