Probable OOPS Bullish

Developed at Definedge.

Bullish Oops is a bullish support pattern.

As explained in the Oops pattern discussion, 3 types of support or demand patterns followed by the positive column reversal is a bullish Oops pattern.

Bullish Probable Oops pattern helps in identifying stocks that will trigger Oops pattern if column is reversed to O from the current column.

Prashant Shah introduced this pattern in his book on Relative Strength 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.