Chart pattern · Reversal · Bullish
What is it, in one line
Two troughs at roughly the same level, separated by a moderate peak.
Bullish · Reversal · verdict: Traditional claim, not yet measured here
Two troughs at roughly the same level, separated by a moderate peak.
Method
Conventional target: A break above the peak projects a rise equal to the trough-to-peak distance.
Invalidated by: A close back below either trough invalidates the pattern.
Traditional claim, not measured
This is the standard technical-analysis interpretation. It has not been tested against our dataset the way the candlestick formations have.