Victor Sperandeo 2B Pattern is an easiest yet effective method that offers a low risk reversal trade. Price closed above the previous high yesterday but got rejected immediately and closed below the low of yesterday thus formed 2B pattern nicely. One can short the stock with stop loss of just yesterday's high. Risking the small amount gives an opportunity for a decent Risk to Reward ratio.
Trade active
Trade closed: target reached:
Closed with great profit. :)
