Actual Success Rates of Ascending and Descending Triangles

10월 13일

Actual Success Rates of Ascending and Descending Triangles

Here is an analysis of the actual success rates of ascending and descending triangles in trading, based on the information provided:

Success Rates

Ascending and descending triangles generally have fairly high success rates as continuation patterns:
-The ascending triangle has a success rate of approximately 72.77%.
-The descending triangle has a slightly higher success rate of 72.93%.

These numbers come from a study that tested over 200,000 price patterns over a 10-year period.

Factors Influencing Success

Several factors can influence the success rate of these patterns:
-The trader's ability to execute the strategy correctly
-Market conditions at the time the triangle formed
-Market liquidity
-Overall market sentiment

Important Points to Consider

-Triangles are considered reliable continuation patterns, especially in trending markets.
-The ascending triangle in an uptrend is statistically more reliable than the descending triangle.
-To validate the pattern, the price must touch at least twice each of the upper and lower lines.
-An increase in volume during the breakout is an important confirmation sign.

Strategies to improve the chances of success

-Wait for the triangle to fully form before entering a position1.
-Confirm the breakout with a close above/below the resistance/support level.
-Use additional technical indicators to confirm the signal.
-Pay attention to the volume, which should increase during the breakout.

Conclusion

Although ascending and descending triangles have relatively high success rates, it is important to use them in conjunction with other technical analysis tools and to take into account the overall market context to maximize the chances of success.

10월 13일

노트