foolish for those that think martis is wrong, page-25

Did a quick research, here there are:

Statistics

Percent of successful formations for upside breakout ? 89%

Percent of successful formations for downside breakout ? 69%

Average rise of successful formations for upside breakout ? 27%

Average decline of successful formations for downside breakout ? 19%

Likely rise for upside breakout ? 20%-30%

Likely decline for downside breakout ? 10%-15%

Failure rate - 19%

Average time to throwback/pullback completion ? 11/14 days



Trading tactics

Compute the formation height by taking the difference between the horizontal top and the lowest low in the formation. For upside breakouts, add the result to the value of horizontal trendline. For downside breakout, subtract the value from the lowest low. The result is the expected target price

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