Research Performed With TrendSpider
Believe it or not, certain chart price patterns are genuinely effective. While not every pattern is reliable, a select few have consistently proven their worth over time.
Research highlights the most reliable patterns: the Head and Shoulders with an 89% success rate, the Double Bottom at 88%, and both the Triple Bottom and Descending Triangle at 87%.
When it comes to profitability, the Rectangle Top stands out, boasting an average win of 51%, followed by the Rectangle Bottom at 48%.
Did you know TrendSpider and TradingView can automatically detect chart patterns, and backtest indicators for you?
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Read the full article here: 12 Accurate Chart Patterns Proven Profitable & Reliable.
