Affordable Breakout – Bearish

Developed at Definedge.

The affordable bullish breakout is a method to identify low-risk bearish breakout trades.

1 – Bearish column (downtrend)

2 – Retracement of not more than 7 boxes. You can modify the number of boxes.

3 – double bottom sell pattern

The pattern shows a bearish breakout after a shallow retracement. Users can change the number of boxes in the retracement column according to their risk appetite.

This is a bearish breakout pattern. When you run the scanner with this pattern, only candidates triggering bearish breakouts that fit your risk appetite will be displayed.

Prashant Shah explains it in his book on P&F charts.

This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.