Mastering the chart patterns

H Broadening bottoms (BBs) are middle-of-the-road performers, sporting a 9% break-even failure rate except in bull markets when double digits prevail (a poor showing). The average rise or decline is also below that posted by other chart pattern types.                         Surprises are many and a few appear in the snapshot. I discuss them in more detail later Tour  You may be wondering what differentiates a broadening bottom from a broadening top. A broadening bottom has a price trend leading down to the start of the formation; a broadening top has prices trending up. This differentiation is an arbitrary designation I made to separate the two formation types. I ignore brief dips or rises a few days before the pattern as Figure 1.1 shows.  Some maintain that a broadening bottom does not exist. They simply lump every broadening pattern into the broadening top category. I decided to separate the two on the chance that...