Broadening Bottoms Breakout Direction and Average Gains and Declines

Prices in the broadening bottom pattern breakout above about 53% of the time and breakout below about 47% of the time; when prices breakout above, prices eventually rise to an averaged maximum gain of 27% before the first 20% reversal; and when prices breakout below support, prices decline by an averaged maximum of 15% (Bulkowski, 2005).