Chart formation · ▲ bullish
Definition
The textbook label for this shape is ▲ bullish. The label describes the shape; it is not an instruction.
QuantZ does not claim this shape has predictive value. The detector reports that the bars met a definition; it says nothing about what follows.
The rule the detector applies
the mirror of the triple top
Thresholds are named by the option key the code reads. The values below are the ones the detector ships with, read at render from its defaults; every ratio is measured against the bar’s own range or the trailing average body, so the same numbers apply to a low-priced stock and to a high-priced coin.
- atrPeriod = 14
- reversalATR = 3
- breakoutBufferATR = 0.15
- maxHoldSpanRatio = 1
Prior trend
none · No prior trend is tested. The formation is defined by its confirmed pivot sequence, and its status (developing, confirmed, invalidated, expired) by closes against its own boundary.
Status and the measured move
A formation is developing until a close clears its boundary by the breakout buffer, then confirmed on the bar whose close did it; a close back through its invalidation level marks it invalidated, and a window that closes with neither marks it expired. A developing formation is never presented as confirmed.
A geometric projection: the pattern’s own height laid off from the breakout level. It is a construction on the chart, not a forecast.