With an average price increase of 45%, this is one of the most reliable chart patterns. Inverse Head & Shoulders – 89% SuccessĪn inverse head and shoulders stock chart pattern has an 89% success rate for a reversal of an existing downtrend. Get TradingView Chart Pattern Recognition for Stocks, Forex & Crypto Now Video: Reliable & Profitable Chart Patternsġ2 Most Reliable & Profitable Chart Patterns 1. Automatic Pattern Recognition with TradingView We also work with partners to negotiate discounts for you and may earn a small fee through our links. We independently research and recommend the best products. TradingView is the number one charting service in the world and is loved by Liberated Stock Trader readers. However, with the advent of TradingView, most chart patterns can now be automatically detected, streamlining the analysis process for professionals. Traditionally, identifying chart patterns on a stock chart, drawing trendlines, and plotting target prices required manual effort. *Figures for a downward break through the support line. Performance Data Courtesy of permission granted by Tom Bulkowski. For example, the inverse head and shoulders pattern has an 89% chance of success when the price moves up through the resistance level, and the average gain is 45%. This table shows the chart pattern success rate/probability of a price increase in a bull market and the average price increase after emerging from the pattern. Which chart patterns are most reliable?Ĭhart Pattern Reliability, Success & Profitability.Which trading strategy has the highest probability of success?.Which trading style is most profitable?.Which timeframe is best for chart patterns?.What is the psychology behind chart patterns?.What is the most reliable pattern in trading?.What is the most successful chart pattern?.Summary: The Best Chart Patterns for Profits.12 Most Reliable & Profitable Chart Patterns.Video: Reliable & Profitable Chart Patterns.Chart Pattern Reliability, Success & Profitability.

Descending wedge breakout target