2B Pattern in RIMM

December 6, 2009 · Posted in 2B Patterns · Comments Off on 2B Pattern in RIMM 

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

Example: Double Top in RIMM

December 6, 2009 · Posted in Double Top · Comments Off on Example: Double Top in RIMM 

RIMM_DT_Nov2309