I checked a weekly reversal Criteria in DOW, The following was observed. The latest one is awaiting the result. Note how many Up breakout and Down breakout. This is for your study.
| Weekly Reversal Pattern in DOW | ||||||
| Number | From | To | Chart | Volume | Breakout | Breakout |
| | | | Pattern | Trend | Direction | Volume |
| 0 | 4/10/2006 | 4/17/2006 | Weekly Reversal | Up | Up | Hi |
| 1 | 11/19/2007 | 11/26/2007 | Weekly Reversal | Up | Up | Lo |
| 2 | 3/10/2008 | 3/17/2008 | Weekly Reversal | Up | Up | Hi |
| 3 | 10/20/2008 | 10/27/2008 | Weekly Reversal | Up | Dn | Lo |
| 4 | 3/2/2009 | 3/9/2009 | Weekly Reversal | Dn | Up | Hi |
| 5 | 8/23/2010 | 8/30/2010 | Weekly Reversal | Up | | |
