Weekly STOPD Pattern: S&P Bearish Continuation 1

By Lawrence

There are quite a number of patterns that work around the weekly STOPD price levels giving us a solid edge. This one is a classic bearish continuation setup.

Net gain chart below.

ES Weekly STOPD Patterns_20130514_215946

The Setup


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Comments
  • skippy June 25, 2013 at 7:55 pm

    This appears to be a long-only strategy. Has it been mislabeled “bearish”?

  • Lawrence Chan June 26, 2013 at 1:21 am

    It is in fact a bearish setup for continuation sell, but bullish just for the day.

    Let me think how to include the extra info there.

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