100% Pole – Bullish Pattern

Developed at Definedge.

The 100% pole shows a complete retracement of the previous bearish swing movement. The pattern consists of four columns.

1 – Double bottom sell

2 – More than 5 boxes after double bottom sell

3 – Double top buy

This pattern shows a 100% retracement of the previous strong bearish swing and bearish breakout column. It’s a strong bullish pattern.

Prashant Shah introduced this pattern in his book on P&F charts.

Click here to learn more about the pattern.

This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.