100% Pole Follow Through – Bullish

Developed at Definedge.

The pattern is triggered by a double top buy that occurs immediately after a bullish 100% pole. The pattern consists of six columns.

1 – Bullish 100% pole (Read the 100% pole description).

2 – Double top buy pattern

The breakout should not be preceded by a double bottom sell signal.

Follow through to the bullish 100% pole pattern provides confirmation of the pattern because it did not fail immediately. Additionally, it indicates the strength of the bullish trend and provides an affordable trading opportunity. Due to strong retracements, the initial risk of a 100% pole pattern is not affordable, but this formation addresses that problem.

Prashant Shah introduced this concept and explained this pattern in his book on Point & Figure charts.

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.