a) If you are watching daily charts, the first condition is that there has to be a SUSTAINED downtrend for a few trading sessions.I mean few Red Candles on daily Charts
b)On the last day of downtrend when the Oops buy occurs, there is a gap down, which opens well below the previous day’s low.
c)During the course of trading the stock rises and goes above...
Bullish Butterfly - Big Green
Bullish Cypher - Magenta
Bullish Gartley - Small Green
----------I may not be good in drawing, but since I am using excel so can say the patterns are fitting the criteria
Finally breakout happened
Also Trend line breakout happened
Minor resistance at 104
Falling Trendline support
61.80% retracement of recent move
All above comes around 400/403 levels
Mid to later part of March - expected low to happen.
I am creating my watchlist, what about yours?