all charting patterns have a higher failure rate than success...

all charting patterns have a higher failure rate than success rate. Every one of them. So why do we post them? Because they give us something to discuss. I personally like Bollinger bands and trend lines. I used to also like the macd and look for divergences as well as Stoch and RSI. Most successful chart patterns are done in retrospect. Yes, repeating ranges do happen. Yes support and resistance does come into play as do trend lines however chart patterns fail more than they succeed. People post about chart patterns when they succeed not when they fail. Think about it. Fibonacci is one of the best after the fact technical indicators used.
I have posted this link previously but it really is worth more than a casual glance.
http://thepatternsite.com/