|Bump Run Reversal Tops|
Prices rise steadily along a trendline, bump up, round over, then decline through the trendline and continue down. The trendline usually rises at about 30-45 degrees. The bump must be twice the lead-in height. (The lead-in is the section just before prices move sharply in the bump phase).
Percent of successful formations – 88%
Average time to throwback completion – 2 hours
Compute the lead-in height and subtract the result from the value of the trendline where prices cross the trendline moving down (end of the bump). The result is the minimum price move to expect.