![]() ![]() Automatic Pattern Recognition with TradingView We also work with partners to negotiate discounts for you and may earn a small fee through our links. We independently research and recommend the best products. TradingView is the number one charting service in the world and is loved by Liberated Stock Trader readers. Today, all the patterns in this article can be automatically detected using TradingView, and TradingView also plots the price target for you. Traditionally, you need to manually find each chart pattern on a stock chart, draw trendlines, and plot target prices. *Figures for a downward break through the support line. ![]() Performance Data Courtesy of permission granted by Tom Bulkowski. For example, the inverse head and shoulders pattern has an 89% chance of success when the price moves up through the resistance level, and the average gain is 45%. This table shows the chart pattern success rate/probability of a price increase in a bull market and the average price increase after emerging from the pattern.
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