Does backdating explain the stock price pattern datingsite venlo
The triple top is defined by three nearly equal highs with some space between the touches, while a triple bottom is created from three nearly equal lows.
The pattern is complete when price breaks below the swing low points created between the highs in a triple top, or when price breaks above the swing high points created between the lows in a triple bottom.
The requirements for a completed pattern are discussed below for each individual case.
The flag is a continuation pattern that can occur after a strong trending move.
It consists of a strong bullish trending move followed by a rapid series of lower highs and lower lows for a bull flag, or a strong bearish trending move followed by a rapid series of higher lows and higher highs for a bear flag.
The higher and tighter (narrower) the pattern, the higher percentage that the pattern will break favourably in the prevailing trend direction.
The pattern is considered a success when price covers the same distance following the breakout as the distance from the double high to the recent swing low point in a double top, or the distance from the double low to the recent swing high in a double bottom (see red arrows).
This is actually the first of our patterns with a statistically significant difference between the bullish (double bottom) and bearish (double top) version.
The ascending channel pattern is defined by a bullish trending move followed by a series of lower highs and lower lows, that form parallel trendlines containing price.
The descending channel pattern is defined by a bearish trending move followed by a series of higher lows and higher highs, that form parallel trendlines that contain price.
The double top/bottom is one of the most common reversal price patterns.