WMT — Adam & Adam Double TopWalmart Inc.BATS:WMThallynxI’m watching Walmart on the 3-day chart because it looks like a very good practical example of an Adam & Adam Double Top, using Thomas Bulkowski’s statistics from the Encyclopedia of Chart Patterns. The neckline was around $118–119, and the measured move — the distance from the top (~$135) to the neckline, projected downward from the neckline — gave a target close to $102. Price has now reached that area almost exactly. For this pattern in bull markets, Bulkowski found: - 8% break-even failure rate — only 8% of confirmed patterns failed almost immediately, meaning they did not manage to decline at least around 5% after the breakout. - 19% average decline after breakout — from the breakout price to the final low of the bearish move, the average decline was 19%. - 61% pullbacks — in 61% of cases, price returned to test the breakout/neckline area after breaking below it. - 72% reached the price target — 72% of the patterns reached the classical measured-move target. - +54% change after trend ends — after the bearish trend finally ended and an Ultimate Low was formed, price subsequently rose by an average of 54%. WMT has already shown a sequence that fits the study quite well: breakout → pullback → bearish continuation → measured target reached The decline from the neckline to the current ~$102 area is roughly 14%, while Bulkowski’s historical average decline is 19%. If that average were applied mechanically, it would point to roughly $96 — not as a target, but simply as a statistical reference. The more interesting question now is whether the $99–102 area can become the end of the bearish trend. I would not consider the current bounce a confirmed reversal yet. A move back into $110–112 would be an early sign of structural improvement, but for a much stronger reversal signal I would want to see WMT recover the $116–118 area, especially the former Double Top neckline. And this is where the +54% “Change after trend ends” statistic becomes interesting. If, purely hypothetically, $102 turned out to be the Ultimate Low, a 54% move from there would correspond to roughly $157. That does not mean $157 is a price target, nor that WMT is expected to reach it. It simply illustrates the magnitude of the average move Bulkowski observed after the bearish trend had already ended. So at this stage, for me, the key question is no longer only: “How much further can it fall?” but also: “Are we getting close to the Ultimate Low, and can the structure start shifting from bearish to bullish?” Not financial advice — just a technical and statistical study.