One Interval Reversal Bottom   

A large 1-bar downward price spike with prices closing near the high. The price trend should be down. The spikes should be twice as large, or more, as the A large 1-bar downward price spike with prices closing near the high. The price trend should be down. The spikes should be twice as large, or more, as the average spike over the prior intervals

 
Examples
 
graphic
 
Statistics
Percent of successful formations – 61%
Failure rate – 17%
Average time to throwback completion – 5 minutes
 
Trading tactics
No recommendation for trading