Real-time pattern trading is the easiest way to find entry and exit prices if you can scan thousands of stocks and ETFs within minutes. It is definitely impossible for humans. Artificial Intelligence (A.I.) not only discovers these patterns, but also checks if they worked out well in the past. Knowing the success rate in the past allows A.I. to establish the odds of success in the future.
The Three Falling Peaks pattern forms when three minor Highs (1, 3, 5) arrange along a downward-sloping trend line.
This pattern often emerges at the end of a rising trend, when a security slowly rolls over. It potentially indicates sellers moving in to replace buyers, which pushes the price lower.
If the price breaks out from the bottom pattern boundary, day traders and swing traders should trade with the DOWN trend. Consider selling the security short or buying a put option at the downward breakout price level. To identify an exit, compute the target price by subtracting the pattern’s height (maximum price minus minimum price within the pattern) from the breakout level the lowest low. When trading, wait for the confirmation move, which is when the price moves below the breakout level.
To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to buy back a short position or sell a put option at or above the breakout price.
Time frames No matter your trading strategy (day trading, swing, etc), we have patterns that will be ready to trade.
PFGC - Performance Food Group Company
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 41% |
| TARGET (EXIT) PRICE | 46.02 USD |
| BREAKOUT (ENTRY) PRICE | 45.42 USD |
| DISTANCE TO TARGET PRICE | 2.41% |
| EMERGED ON | Aug 13, closing price |
| WITH CONFIDENCE LEVEL | 41% |
COF - Capital One Financial Corp.
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 41% |
| TARGET (EXIT) PRICE | 176.86 USD |
| BREAKOUT (ENTRY) PRICE | 175.97 USD |
| DISTANCE TO TARGET PRICE | 0.98% |
| EMERGED ON | Aug 13, closing price |
| WITH CONFIDENCE LEVEL | 41% |
IPG - Interpublic Group Of Cos., Inc.
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 43% |
| TARGET (EXIT) PRICE | 37.34 USD |
| BREAKOUT (ENTRY) PRICE | 36.90 USD |
| DISTANCE TO TARGET PRICE | 1.63% |
| EMERGED ON | Aug 13, closing price |
| WITH CONFIDENCE LEVEL | 43% |
BOKF - BOK Financial Corp.
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 34% |
| TARGET (EXIT) PRICE | 87.36 USD |
| BREAKOUT (ENTRY) PRICE | 85.45 USD |
| DISTANCE TO TARGET PRICE | 2.88% |
| EMERGED ON | Aug 13, closing price |
| WITH CONFIDENCE LEVEL | 34% |
BOKF - BOK Financial Corp.
| STATUS | Emerged |
|---|---|
| CURRENT CONFIDENCE | 44% |
| TARGET (EXIT) PRICE | 87.50 USD |
| BREAKOUT (ENTRY) PRICE | 85.72 USD |
| DISTANCE TO TARGET PRICE | 2.58% |
| EMERGED ON | Aug 13, closing price |
| WITH CONFIDENCE LEVEL | 44% |
