典型的技术形态

1、TECHNlCAL CHART PATTERNS CHARACTERISTlCS典型技术形态Obta ined from the book by ThomaS N. BUlkoWski, En cyclopedia Qlhart Patter ns摘自ThOmaS N. Bulkowski,形态百科全书Note! Most tech ni cal An alysis Chart Patter ns typically occur slowly over a 3 mon ths mon ths time SPa n. Therefore, you should onlySeriOUSIy USe

2、 a WeekIy Chart profile Setting and at leaston e-years worth of WeekIy time plots.注意：大部分技术形态由3-4月的时间跨度慢慢形成，因此您必须在至少一年以上的周图图表上应用。TOP 10 BULLISH TECHNICAL CHARTFORMATIONS WITH HIGHEST MOST LIKELY RISE!前10大看涨技术形态及最大可能涨幅AVG.FAILURES %平均失败几率AVG. RISE %平均涨幅LIKELY RISE%很可能的涨幅1. Rounding Tops 圆弧顶6%41%30%2.

3、BrOade ning FOrmati on SRight An gled& DeSCe nding扩散及下降直角三角形19%27%25%3. Scallops, ASCe ndi ng 上升扇形25%33%25%4. Head-a nd-Shoulders Bottoms,Complex复合头肩底6%37%25%5. Horn Bottoms 喇叭底11%37%25%6. Head-a nd-Shoulders Bottoms头肩底5%38%25%7. Double Bottoms 双底3%40%25%8. Wedges, Falli ng 下降契形2%43%25%9. ReCta

4、ngle Top, UP BreakOU长方形顶，向上突破2%52%25%10. Flags, High and Tight 旗型17%63%25%TOP 10 BEARISH TECHNICAL CHART FORMATIONSWITH HIGHEST MOST LIKELY DECLINE!前10大看跌技术形态，最大及最可能的跌幅AVG.FAILURES %平均失败几率AVG. DECLINE %平均跌幅LIKELY DECLINE%最可能的跌幅1. Pennant, trend down 下降三角形34%17%25%2. Scallops, DeSCe ndi ng 下降扇形3%24%2

5、0%3. Head-a nd-Shoulders.复合头肩顶Tops, Complex8%27%20%4. DiamOnd Tops 钻石顶25%21%20%5. BrOade nin Wedges, DeSCe ndin g,Dow n BreakOUt扩散契形，下降突破41%24%20%6. ReCtangIe Tops, Down BreakOU长方形下突破0%20%20%7. BrOadening Bottoms,扩散底，向下突破Down BreakOlt6%27%17.5%8. Bump-and-Run ReVerSaI Tops 撞反转顶19%24%17.5%PATTERN CHA

6、RACTERlSTICS9. BrOade ning Tops, Dow n breakou扩散顶，向下突 破4%23%15%10.Tria ngles, DeSCe nding 下降三角形4%19%15%PATTERN CHARACTERlSTICS形态特征Rounding Tops1lf,'#1 Bullish! #1 看涨 One of the most bullish and depe ndable Chart Patter n With only a failure rate and an average POSitiVe rise 41%. The average rise

7、 WaS 30%. TheSe Patter n Chart formatio ns are ofte n IOngenO Ugh to appear on the WeekIy ChartS and daily charts. 仅6%失败的最可靠的看涨 形态，平均正涨幅41%平 均上涨涨幅30%这种形态 常常需要够长的时间，在 周线图和日线图上出现。6%OfPattern ShaPe - Rounded half-m oon shape. The stock PriCe trend CUrVeS beg inning from the lower left PriCe point UPWar

8、d to the top of the dome then the PriCe trend rounds over and moves dow n aga in to a lower PriCe SUPPOrt area.形态描述： 半月形，价格曲线从左边 低点向上到半月形顶部， 然后又向下运行到开始的 低点的支撑区域Trading TaCtiCS - The average trade for entry should occur on the right Side of the dome Whe n the PriCe closes above the dome or at CreSt f

9、or the more aggressive inv estors.交易策略：一般交易者在圆弧的右侧 进场，激进的交易者在价 格到达圆弧顶部上面一点 的位置进场WINs?- ThiS Pattem has an UPWard bias and is ideal for Writ ing COVered calls an d/or leaps spreads. It is POSSibIe to time your WriteS and get higher PremiUmS for your writes. Legg ing into a SPread would be more aggres

10、sive.BroadCning FOnnatiOnSS Rigfht-AilglefI and DeSCendmg)SCailOPSJ ASCenCIing#2 BuIliSh!C On trary to popular belief, more Chart PatterSn With right-angled desce nding broade ning formati ons break out UPWa than dow nwards.#2看涨形态 相对于普遍的看法，直角 下降三角向上突破的可能 超过向下突破的可能Pattern ShaPe - Looks like a megapho

11、ne, tilted dow nward, With the top the formation horizontal &Sound on the bottom by a dow n Ward biased slopi ng tren dli ne.形态描述：看起来像个喇叭，顶部由水 平趋势线，底部由倾斜的趋 构成，价格打到底部反弹冲 破顶部趋势线Trading TaCtiCS - The UPPer PriCe tags must form a horiz on talli ne.There is no con SiSte nt volume Pattern for this for

12、matio n.Note! PriCeSCan break out in either directi on,USUaIly Witha rise in VOIUme that soon tapers off.交易战术：WINs?- ThiS Pattern works great With determining the Strike PriCeS for CCS and LEAPS SPreads. The back and forth moveme nts make the optio n PremiUmS higher.Watch out for the third and fourt

13、h UPmOVe to gapp ing prices!#3 Bullish! ASCe nding scallops appear Whe n the stock PriCeS are moving higher over 3, 6, or more mon ths.#3看涨形态上升扇形一般出现价格上涨 3, 6或更长的时间形成Pattern ShaPe - ASCe nding formatio ns have a J ShaPe and have two PriCe PeakS With a roun ded PriCe recession in between.Trading TaCt

14、iCS-ASCe nding scallops often show a U-ShaPed volume trend that gets heavier over time. You Can average dow n or leg into a CC or LEAPS spreads.WINs?- WatCh out for gaps PaSS your CCS Strike prices. LEAPS SPreaderS should go short one month out to avoid being called out or hav ing aPATTERN CHARACTER

15、ISTICSrun-a-way POSiti on.Head-and-Shoulders BOttOrnSJ ComplexH#4 Bullish! ThiS formation had onIy a 6% failure rate WhiCh is OUtStanding. Whel the n eckli ne slopes downwardat indicated,thestock PerfOrmeS better.Pattern ShaPe - A H&S bottom With multiple shoulders, mutiple heads, or (rarely) bo

16、th. The head is lower tha n the shoulders but not Very much.Trading TaCtiCS - Usually higher volume on the left Side of shoulders tha n than the COrreSP Onding shoulders on the right side. Great stock to play UP and dow n With calls and PUtS or short ing.WINs?- Great stock to gen erate con SiderabIe

17、 PremiUmS With UP the dow n CyCIeS before allowi ng the stock to appreciate in ValUe and CaSh out.PATTERN CHARACTERlSTICSHOm Bt>ttoms#5 Bullish!Great CCi ngPattern for stock PriCe rise Whe n the horn Ien gths are at least twice as long than most SPikeS over the prior year.Pattern ShaPe - USe the

18、WeekIy profile to locate two dow nward SPikeS in the horns SeParated by a Week worth of time.Trading TaCtiCS - The left SPike shows higher tha n average volume and thus more volatility.Somehorns appear n ear the end of UPtre nds, so WatCh for the trend to Cha nge!WINs?- Horns will usually not mark t

19、he end of the dow ntren ds, but they will be close. PriCeS might con ti nue to drift down for $1 or so the n head upward. Let the trend be your friend!PATTERN CHARACTERISTICSH Cad-an d-ShouldcrsBOttomSJ,IlIIl VTii7LIilll I1 llLS E#6 Bullish!H&SBottoms are quite easy to spot and they Can be Very

20、PrOfitable. H&S bottoms meets its PriCe targets 83% of the time.Pattern ShaPe - A three-hump formati on With the Cen ter hump below the other two. The three humps and two minor rises should be well defi ned.Trading TaCtiCS - The Iine sla nted to the right is the neckline. The PriCe usually adva

21、nces above the neckline and StageS an UPSide breakout.WINs?- Volume is usually highest on the left shoulder or head and dimishes on the right shoulder. UPWared breakouts occur usually With high volume. A low volume breakout is not an in dictor of an impe nding failure.DenJbIe BottOTnS#7 Bullish!A do

22、ublebottom OCCUrS after a dow nward PriCe trend. High volume commo nly OCCUrS on the first bottom.Pattern ShaPe - ShaPed like a big UPPer CaSe V that usually takes approxiately 4 mon ths worth of time to complete the formati on pattern.Trading TaCtiCS - 2/3s of the double bottom throw back to the br

23、eakout price. Therefore, con Sider Wait ing for the throwback andWINs?- Bottoms humps that are closer together usually show Iarger PriCe gains and breakouts. It is SUggeSted that you average dow n or leg into POSiti ons With sideshows.reversalfor PriCeS tohead UPWard aga in.PATTERN CHARACTERISTICSWe

24、dgest FalIingPATTERN CHARACTERISTICS#8 Bullish! The failure rate forfallingWedgeSiS VeryIOW at 10% while thePattern ShaPe - Two drawn dow nward-slop ing to the right Side trendlinesthateve ntually must in tersect.average rise Of 43% for this in dicator SUggeSt a PrOfitabIe formati on to trade. The h

25、ighest PriCe after the breakout is approx. the beg inning of the tren dli nes.USe the tren dli ne feature to draw the Iin es. Most formatio ns have at least five touches. 3 on one Side and 2 on the other side.Trading TaCtiCS-Most falli ng WedgeS has a mininum durati on of 3-wks or more.Any thi ng le

26、ss is most likely a pennant. FOrmati ons rarely exceed 4 mon ths long.WINs?- Be ready to cover Whe n the falli ng WedgeS come to an in tersect. It maybe POSSibIe to buy PUTS as Side shows for the more aggressive inv estors.ReCrangIe TOPSFIlW1#9 Bullish!- ThiStricky Patern fails only 2%of the time! T

27、he average rise is an asto Unding 52% With a likely gainPattern ShaPe - Stock PriCeSoscillates betwee ntwo horiz on tal tren dli nes before breaking upward. Looks like bridge iron SUPPOrt structures.between 20% to 30% for late comers.Trading TaCtiCS-The PriCe will bounce UP and dow n With in a PriCe

28、 range. ThiS Pattern does take time to form and you Can milk deep ITM CCsor LEAPS SPreadS depe nding on your in VeSti ng style.WINs?- Follow the Sta ndard approach of Writt ing CCS at the PeakS and allow ing the PriCe to drop before you cover cheap. ThiS will PrOteCt your downside and free you UP Wh

29、en the PriCe beg ins to move UPWard aga in.PATTERN CHARACTERlSTICSand ight#10 Bullish! The PriCe gaps UPWard after aCOn solidati Onregi On OfSeVeraI days to SeVeraI WeekS long. ThiS OCCUrS after the stock doubles in price.Pattern ShaPe - DUring a flag phase, PriCeS Can slowly drift dow nward as much

30、 as -20%. PriCeS move SideWayS for 3 to 5 weeks.Trading TaCtiCS - BUy after the WINs?- You Can breakout is the SafeSt COUrSe of buy and hold or action. Wait for PriCeS to rise average down above the highest high in theyour POSiti on.flag.Let the trend beyour frie nd.Scall(s, DeSCending#1 Bearish! Th

31、iS PatterS fools many inv estors. PriCeS usually go against the PreVaiIi ng trend. In other words, the PriCe will eve ntually fall as the Smart moneyexists.Patter n ShaPe- There are two Patter ns WhiCh are related. Flags: PriCe acti on boun ded by two parallel tren dli nes. Pennants: the two tren dl

32、i nes conv erge to a poi nt.Trading TaCtiCS- TheSeformatio ns usually form n ear the midpo int of a steep, quick PriCe trend. If you do not have a StrOng advance or decline Ieadi ng to the Chart Patter n, ignore the formatio n.WINs?- ThiS ki nd of Pattern last a total of 3-weeks max. Volume usually

33、trends dow nward throughout the formation. "Volume PreCedeS price!"PATTERN CHARACTERISTICSPATTERN CHARACTERISTICS#2 Bearish! PriCeS peak, CurVe dow nward and around, then form a lower peak. Look for PreViOUS52-Week lows or PreViOUSPattern ShaPe - The PriCe Patter n IOOkS like a Ietter-J re

34、versed. There is no discer ni ble volumeHeadand-ShouldersToPS) COrnPI说fl HDiamOnd ToPSlower PriCe SuPPOrt levels for clues. ThiS is a good Patter n to go short With only a 3% failure rate and an average decli ne of 24%.trend for desce nding SCallops. "Prices falls by it's own weight" i

35、s the term USed to describe the dow nward PriCe drift.Trading TaCtiCS - ThiS is con Sidered a ShOrt-term Patter n UP to 3 mon ths time or less.WINs?- ThiS is a good LEAPS PUtS Patter n to leg into or Writing deep ITM CCS if you WiSh to remai n long. PUTS SideShOWS are also PrOfitable.#3 Bearish! One

36、of the most easy Patter ns to spot and one of the most PrOfitable!TakeS as long as three mon ths to form.Pattern ShaPe - H&S tops have multiple heads, shoulders, or both.Trading TaCtiCS-Pull-backs average 64% and formati ons With dow nword slop ing n eckli nes or higher left shoulders PerfOrm be

37、tter.WINs?- WhenPriCeS closes below the n eckli ne, a breakout occurs. For those CaSeS With a steep, dow n-slop ing n eckli ne, USe the lowest trough PriCe as the breakout poi nt.PATTERN CHARACTERlSTICS#4 Bearish! PriCeS usually trend UP to the formatio n. Diam ond tops n eed not form at the top of

38、a PriCe chart!Pattern ShaPe - Diamond Patter n forms after a dow nward PriCe trend. Tren dli nes surro Unding the minor hights & lows resembles a diam ond.Trading TaCtiCS-Should you locate a diam ond Patter n and later discover that it may be a head & shoulders top, don'tWINs?- Diam onds

39、 will SOmetimeS form after a quick run UP in prices.The reversal will usually erase these gains and return PriCeS to WherePATTERN CHARACTERISTICSBrOadCninf WCdgCSh Dcsccridiig1Recrangle opsworry! BOth formatio ns are Very bearish!they Were before the run-up.#5 Bearish!DeSCe nding broadening WedgeS a

40、ct as a con solidati onofthe PreVaiIi ngtrend.The volume tends to in CreaSe over time.Pattern ShaPe - PriCe Pattern looks like a megaph on etitleddow nward.Both tren dli nes slope dow nward With the lower tren dli ne hav ing a SteePer slope.Trading TaCtiCS-ThiS formatio n acts as a con solidati onof

41、the tren d. If PriCeS are moving dow n, PriCeS usually continue down after a dow nside breakout.WINs?-If the formation is especially broad, buy as the lower trendline and sell at the top.Alter natively, sell short at the top tren dli ne once PriCeS are heading down and close the POSitionafter itrebo

42、 UndS off the lower tren dli ne.PATTERN CHARACTERlSTICS#6 Bearish! PriCeS trend for as long as 3 mon ths UP to the formati on the n oscillate With pull-backs that aver 55% betwee n two horiz on tal tren dli nes before break ing out dow nward.Pattern ShaPe - Two parallel tren dli nes for the highs an

43、d the lows.Looks like bridge iron SUPPOrt structures.OTrading TaCtiCS - The actualThe PriCe will bounce UP and dow nWith in a PriCe ran ge.ThiS Patter n does take time to form and you Can milk deep ITM CCS or LEAPS SPreadS depe nding on your in VeSt ing style.WINs?- Follow the Sta ndard approach of

44、Writting CCSat the PeakS and allowing the PriCe to drop before you cover cheap. ThiS will PrOteCt your dow nside and free you UP Whe n the PriCe begi ns to move UPWard aga in.PATTERN CHARACTERISTICSPATTERN CHARACTERlSTICSBrOademng BOttOmS#7 Bearish! The PriCe trend beg ins as a n egative dow ntrend

45、that leads to a bounce forming a megapho ne appeara nce With higher highs and lower lows that Wide nds over time. Then, the breakout is UPWard usually off the moving average line.Pattern ShaPe - Looks like a bull-hor n and usually takes less than three mon ths to form. Volume usually follows price;

46、rises as PriCe rises, falls Whe n PriCeS fall.Trading TaCtiCS - PartiaI rise at the end of the formatio n PrediCtS a dow nside breakout 67% of the time and PartiaI decli nes PrediCtS an UPSide breakout 80% of the time.WINs? - OnCe recog nizing a broade ning formatio n, go long at the low and buy aft

47、er the stock makes its tur n at the low. Likewise, go short at the high PriCeS Start head ing dow n at the top.BUlnP JId-RUn ReVerSal TaPSl#8 Bearish!PriCeS riseSteadiIy along a tren dli ne, bump up, round over, the n decli nes through the tren dli ne and con ti nues dow nward.Pattern ShaPe - If the

48、 tren dli ne is flat or n early so, it is not a good bump-a nd-rund reversalCan didate. Thetypical tren dli ne WaS a 30-degree an gled line.Trading TaCtiCS-Waiti ng for the breakout improves in VeStme nt PerfOrma nce. The close should be above the dow n-slop ing tren dli ne before you buy the stock.

49、WINs? - Whenprices rises to the old high, con Sider selling it if the the stock shows Weak ness.PATTERN CHARACTERISTICSBroa(Iening T OPS#9 Bearish! The PriCe trend begins as a POSitiVe UPtre nd that leads to a pull-back forming a megaph on eappeara nce With higher highs and lower lows that Wide nds

50、over time. Then, the breakout is UPWard usually off moving average line.Patter n ShaPe - Looks like a bull-hor n and usually takes less tha n three mon ths to form. Volume usually follows price; rises as PriCe rises, falls Whenprices fall.theTrading TaCtiCS - PartiaI rise at the end Of the formatio n PrediCtS a dow nside breakout 65% of the time and PartiaI decli nes PrediCtS an UPSide breakout 86%of the time.Wlbs? - The breakout Can occur in either directi on and