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Eve and Eve Top

The Eve and Eve Top has two rounded peaks with a rounded trough between. Soft pattern, takes longer to form.

EveEveNecklineEve Eve Top: 2 rounded peaks → Break neckline → Decline

Pattern Details

Category

reversal

Success Rate

68%

Average Move

-12%

Duration

4-8 weeks

Pattern Structure

Pattern Structure
Key components that define this chart pattern
  • 1
    Peak 1: Rounded, curved (Eve)
  • 2
    Trough: Rounded, curved
  • 3
    Peak 2: Rounded, curved (Eve)

Trading Rules

Trading Rules
Essential rules for trading this pattern successfully
  • ✓
    Enter short position when price breaks below trough
  • ✓
    Pattern forms slowly
  • ✓
    Target = Distance from peak to trough
  • ✓
    Stop loss above highest peak
Trading Tips
  • Eve = rounded, soft
  • Takes longer to form
  • Volume usually low at peaks

Statistics

Breakout Statistics
Bullish Breakout32%
Bearish Breakout68%
Performance Metrics
Average Rise+6%
Average Decline-12%
Pullback Rate14%