2B Pattern in RIMM
December 6, 2009 6:44 PM

2B Patterns are described as failed Double Top and Double Bottom patterns. They are most powerful patterns but work well in larger time-frame charts where as in small-time frames, they are only 50% successful.

2B Patterns form when price fails to trade above previous new High or below previous new Low. 2B Patterns also have very specific rules to trade.

Here is RIMM’s Daily chart with 2B Patterns. (I’ll write more later today on these patterns)

RIMM_2B

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