Price grinds higher inside two rising lines that are converging. Highs and lows both rise, but the highs rise more slowly, so upward progress is shrinking even as price makes new highs.
Both boundaries slope up, they converge, and the upper line is the shallower one. The trigger is a close below the lower boundary.
Our sample on this family is small and the measured rate is poor. We publish the number anyway rather than hide a family that has not worked for us.
These are our own measurements, not textbook claims. A call counts as a win if price closed 5% in favour before it wicked 5% against, measured from the confirming close over the following 30 days. Everything that resolved is counted, including the failures.
| Population | Resolved | Hit rate | What it means |
|---|---|---|---|
| Published live and resolved | 4 | too few to say | Calls we posted on the board before the move, graded 30 days out. |
| Backtested and resolved | 24 | 25% | Same detector replayed over history. Not the published record. |
Live and backtested are different populations and should not be averaged. The live figure is the one that came from calls published in public before the move. See every live and past call on the Chart Patterns board.
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