nmike

HOW to SPOT HIGH PROBABILITY TOPS & BOTTOMS

Short
BATS:SPY   SPDR S&P 500 ETF TRUST
4
If this price pattern occurs(see chart) outside the BB(100) along with DIVERGENCES then you have a high probability TOP or BOTTOM. Even HIGHER PROBABILITY if this set up occurs in weekly and monthly frames.The pattern has one bar that's almost or completely isolated from the other two.Some traders call this pattern a "kangaroo tail". This pattern is also similar to the "abandoned baby candle stick pattern".

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