2013년 6월 24일 월요일

Broadening Right-Angled Ascending Chart Example

stock chart showing a broadening right-angled ascending pattern breakout to the downside

The chart above of Microsoft (MSFT) illustrates a broadening right-angled ascending pattern where prices enter from above (occurs only a third of the time) and exits below (occurs two-thirds of the time). Using the typical height of pattern minus breakout price would have resulted in a failed trade; however using Bulkowski's height of pattern multiplied by 32% would have resulted in a profitable trade.

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