LOL not all DT DB LH HL and throw in wedge top ..wedge bottom..flags..PB’s ..whatever....are not equal in strength or weakness and often will fail to do what a trader thinks they should do, based upon what he has been taught. Knowing how to judge the likelihood of each pattern succeeding or failing, and reaching a PT before reaching a SL are keys to successful scalping and maintaining a high win rate. A wedge top doesn’t mean it will play out as a wedge top is normally anticipated to play out. This is why traders give up trading patterns (which is a shame) as it can often appear to be a 50% thing. So, might as well flip a coin they think. Being able to judge if a price pattern has a slight percentage of succeeding as opposed to failing is tied to the context in which the pattern was formed in. Perhaps the two charts below will speak to that.
In addition, knowing what to do when a pattern fails to do as anticipated is key to consistent high win rate, lower drawdowns, and getting back previous losses quickly.
