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Developed at Definedge.
A super pattern is a strong bullish momentum pattern.
1 – Double top buy pattern
2 – At least 10 boxes after the double top buy pattern
3 – Shallow retracement
After the above conditions, there may be a column of ‘O’, but the double bottom sell pattern has not yet triggered. These are the conditions for the probable bullish super pattern. After this, a double top buy pattern will trigger a bullish super pattern. The probable super pattern condition is useful for screening stocks that will trigger a bullish super pattern.
Planning trades based on bullish super patterns in advance is easier with this pattern.
Super pattern was introduced by Prashant Shah 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.