Ascending Scallop (J-shape)
Definition
A rounded J-shaped dip and recovery within an uptrend.
Psychology
A gentle rounded dip, then an accelerating climb to new highs.
Real-life analogy
💡 A skateboard ramp — roll down gently, launch off the far side.
Expected direction
up
Entry / Stop / Target
Entry: On the rim break above the scallop's start. · Stop: Below the scallop's low. · Target: Scallop depth projected above the rim.
Historical behaviour
Chains of scallops often build big trends.
Illustrative success rate
~60% continue upward · Medium reliability
Common beginner mistakes
- • Buying the middle of the dip without a turn
Quick quiz — did you understand?
1. Is the Ascending Scallop (J-shape) generally considered bullish, bearish, or neutral?
2. After a confirmed Ascending Scallop (J-shape), the expected direction is usually:
3. Which is a common beginner mistake with the Ascending Scallop (J-shape)?
Educational and probability-based analysis only. This is not financial advice and not a prediction of real market outcomes.