Greetings,
Is there any statistical data on the ratio of successful reversals for single, double, triple etc tops/bottoms for different pairs?
I heard the average ratio of success for single top/bottom reversal is about 35 %. I guess it is also time frame dependant.
EUR/AUD is approaching fortriple (I am not sure if there is such a word, but you know what I mean :-) bottom... possibly a big chance for a substantial reversal.
Is there any statistical data on the ratio of successful reversals for single, double, triple etc tops/bottoms for different pairs?
I heard the average ratio of success for single top/bottom reversal is about 35 %. I guess it is also time frame dependant.
EUR/AUD is approaching fortriple (I am not sure if there is such a word, but you know what I mean :-) bottom... possibly a big chance for a substantial reversal.