Explosive Bottoming Pattern
The explosive bottoming pattern is a reversal pattern similar to a “candle over candle” pattern with much higher accuracy than the candle over candle. Most of the other patterns in our list of top patterns are continuation patterns meaning they are consolidation patterns within a larger trend that is likely to continue.
This pattern has been red hot over the past couple years (as I write this in January 2017) and we are beginning to incorporate a few in the newsletter. They have a very high probability of success based on our back-testing on stocks between $10 and $60 to achieve at least a 4% to 10% profit with a tight 3.5% stop-loss. They often move 10% to 20% or more within a couple weeks. Some move 30% to 100% higher within a few weeks.
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