As of 08/06/2020
Indus: 27,387 +185.46 +0.7%
Trans: 10,331 +115.68 +1.1%
Utils: 829 +3.50 +0.4%
Nasdaq: 11,108 +109.67 +1.0%
S&P 500: 3,349 +21.39 +0.6%

YTD
4.0%
5.2%
5.7%
+23.8%
+3.7%

28,150 or 25,000 by 08/15/2020
10,600 or 9,400 by 08/15/2020
870 or 800 by 08/15/2020
11,300 or 10,200 by 08/15/2020
3,355 or 3,100 by 08/15/2020

As of 08/06/2020
Indus: 27,387 +185.46 +0.7%
Trans: 10,331 +115.68 +1.1%
Utils: 829 +3.50 +0.4%
Nasdaq: 11,108 +109.67 +1.0%
S&P 500: 3,349 +21.39 +0.6%

YTD
4.0%
5.2%
5.7%
+23.8%
+3.7%
 
28,150 or 25,000 by 08/15/2020
10,600 or 9,400 by 08/15/2020
870 or 800 by 08/15/2020
11,300 or 10,200 by 08/15/2020
3,355 or 3,100 by 08/15/2020
 
Updated with new statistics 5/29/2018.
For more information on this pattern, read Encyclopedia of Chart Patterns Second Edition, pictured on the right, pages 510 to 521. That chapter gives a complete review of the chart pattern, including tour, identification guidelines, focus on failures, performance statistics, trading tactics, and sample trade. Below is just a sliver of the information contained in the book.
The measured move, as I have implemented it, is an improved version of the traditional pattern. I find them automatically now. Patternz has the same algorithm built in, so you won't have to guess if one occurs. It'll show you.
The idea behind a measured move is that the second leg will equal the first leg in both price and time. That's for the ideal pattern. Reality shows the pattern falls short of expectations, at least my implementation of it. This version of the pattern sees the second leg meet or exceed the price of the first leg 67% of the time.
Measured Move Up Chart Pattern Components

Measured Move Up: Important Bull Market ResultsOverall performance rank for up/down breakouts (1 is best): 30 out of 56/45 out of 53
Average first leg price rise: 13% in 10 days
Average corrective phase retrace: 84% in 9 days
Average second leg price rise: 13% in 13 days.
Percentage meeting price target: 67%
Percentage meeting time target: 6% (exact matches only)
The above numbers are based on over 3,800 perfect trades. See the glossary for definitions. 
The algorithm finds three consecutive turns, starting with a minor low (bottom of leg 1) then a minor high (start of the corrective phase), and then a retrace of at least 70%, ending in a minor low (the end of the corrective phase). It's assumed that the next minor high will end the pattern at the top of the second leg.
Characteristic  Discussion 
Trend  Measured moves are reversal patterns so look for a downward price trend leading to the start of the measured move (for the best performance). 
First leg  Any minor low which leads to a minor high. 
Corrective phase  The algorithm looks for retraces of at least 70%. Those lead to the best measurerule performance. 
Second leg  Price ends the pattern at a minor high. 
Trading Tactic  Explanation 
The Measure Rule

Measure rule  Compute the length of the first leg from the lowest valley (point A in the Measure Rule figure to the right) to the highest peak at the start of the corrective phase (point B) then multiply it by the above "percentage meeting price target." Add the result to the lowest valley in the corrective phase (point C) to get a price target.  
Buy  Once the second leg begins (point C in the Measure Rule figure to the right), buy. If price drops below the corrective phase low (C), close out the trade.  
Target  If price nears the target or overhead resistance abounds near the target, close out the position.  
Trendline  If the projected price target of a measured move intersects a downsloping trendline setup by prior price action, then expect price to reverse there.  
Retrace  The larger the corrective phase retrace (the move from B to C in the Measure Rule figure to the upper right), the better the chance of meeting the price target. 
The above figure highlights two examples of a measured move up chart pattern. The first leg begins at point A and rises to the top of the corrective phase at B. Then price corrects to C before finishing the measured move up chart pattern at D. You can also nest measured moves. The sequence CDAB forms another measured move up.
Please note that this example was found manually, not using my new algorithm.
 Thomas Bulkowski
See Also

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Sped up my computer; ran it on 220 volts. Works greO$%?