[RT] GEN: 1 2 3 4 Short pattern

["Gitanshu Buch" <onwingsofeagles@xxxxxxxxxxxxx>]

Here's one from Jeff Cooper's textbook - New Low, 3 bar 
retracement, 4th bar makes a lower high and a lower low than the 3rd 
bar.
 
Entry short is 1 tick below the low of the Day 3 bar 
(yesterday's low in this case) or Day 4 low (I forget). Stop goes above Day 3/4 
high or Day 2 low, depending on risk tolerance.
 
So far, sighted for
- SOX
- SPX Cash & futures
- NDX cash & futures
- Intel
- Texas Instruments
 
etc.
 
Fire at will, if I were trading it.
 
Oh - by the way - the WEEKLY ndx cash chart is also a textbook 
rising wedge failure, and a retest of the breakdown from the failure, and then a 
resumption of the downtrend.
 
Course, it could be a bear trap if one just looked at the 
Daily's isolated low/reversal.
 
Pattern Police Alert!
 
Gitanshu






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