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H&S Bottom: Double Bust (ETH)

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The inverted head and shoulders pattern failed.
All is well, as we have Thomas Bulkowski's history of patterns & statistical setups to guide us along together.

Ethereum has already invalidated the single bust.

It is time to explore the Double Bust IH&S chart pattern, & look for these elements:

Price must confirm the head-and-shoulders bottom by closing above the neckline or right armpit (A).
Price rises no more than 10% before reversing.
Price closes below the bottom of the chart pattern (B). This busts the pattern for the first time.
Price drops no more than 10% below the bottom of the head-and-shoulders bottom.
Price closes above the top of the head-and-shoulders bottom. This busts the chart pattern for the second time (C).
The stock rises more than 10% above the top of the head-and-shoulders bottom.

A double busted head-and-shoulders bottom turns into a triple bust when the rise after the second bust is no more than 10% and price then closes below the bottom of the chart pattern.

Busted Inverted Head-and-Shoulders Historical Performance:

16% of head-and-shoulders bottoms will bust
Of those that bust...47% will single bust
36% will double bust
17% of them will triple bust
Single busted patterns will see price drop 22% on average (invalidated)
Non-busted head-and-shoulders bottoms (that is, head-and-shoulders tops) will see price drop by 16% on average

If you have related analysis please be sure to share so we can learn together!

Confirmation of Single Bust Invalidation:

Price must confirm the head-and-shoulders bottom by closing above the neckline (down sloping necklines) or above the right armpit. That occurs at (A) in the figure above.
Price must rise no more than 10% above the neckline.
Price then closes below the bottom of the head-and-shoulders bottom (B).
Price continues dropping more than 10% without closing above the top of the head-and-shoulders.

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