Rectangle Tops   

Prices trend up to the formation then oscillate between two horizontal trendlines before breaking out downward. There should be at least two touches on each trendline.

Percent of successful formations – 65%
Failure rate – 0%
Average time to throwback completion – 3 hrs
Trading tactics
Measure the height of the formation from trendline to trendline. Subtract it from the bottom trendline. The result is the minimum expected move.