Measured Move Down
A decline, a bounce of 38-75%, and a second decline expected to be similar; completes on a close below the first decline's low.
The mirror of the measured move up.
The second leg often falls short of the first.
How we define it
- First leg: at least 8 ATR and 20% (1D) / 10% (4H) / 30% (1W), close to a straight line
- Bounce: retraces 38-75% of the first leg, taking 30-150% of its time
- Breakdown: a close below the first leg's low
- Minimum length: 2 months on 1D, 3 months on 1W, 10 days on 4H
- Breakout (up) / breakdown (down): the first candle close beyond the boundary by at least 3% on 1D and 1W (1.5% on 4H)
- Failed breaks: a breakout or breakdown that closes back inside the boundary within 6 candles on 4H, 5 on 1D or 3 on 1W is removed from the list
- Trend filter: breakouts only above the 200-period EMA (40-week EMA on 1W), breakdowns only below it
- Watchlist: the pattern is complete but unbroken and price is within 3% (or 1 ATR, at most 6%) of the boundary
No recent breakout or breakdown
No measured move down has completed recently. See all patterns.
Nothing on the watchlist
No mature measured move down is close to its breakout or breakdown level right now.