Affordable Probable Breakout – Bearish

The affordable breakout – bearish pattern can be found here.

This pattern identifies candidates that can turn out to be bearish breakout trades with affordable entry. They are probable double bottom sell pattern candidates with low risk. You can define the number of boxes in the retracement pattern.

You can check the box-value at which a double bottom sell pattern will appear to track that level on the chart.

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.