Bottom End Sweep is a YardCharts market reversal bullish pattern comparable to an imaginary right-angled triangle. It is made up of two sides that meet at a 90° angle, which are linked by a hypotenuse. In Yard's technical analysis we make the following associations:
Below are shown 5 real Bottom End Sweeps found by Yard Chats in the recent past (Nasdaq and NYSE markets), which have successfully performed shortly after the day of the buy alarm.
That means the market in the particular stock without first hitting a stop placed 10% below the entry point has risen from the entry point as far as twice the size of the short size.
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