I’ve been writing about how I’ve been focusing on slowing down entries, by using 60-minute charts. Thursday, I showed some daily charts inETFs, TWM, SRS, and SKF, that bounced after falling for quite some time.

Here’s the 60-minute charts for each on that day. You can see that the trend changes to the buy side when the 2nd higher pivot low is put in. A stop is placed under that pivot low, and the ETF is sold in partials according to your trading plan for selling. Those selling plans may include the first lower low candlestick, pivot, or something else.

I placed the SKF chart in the appropriate trading patterns section here to reemphasize how the pattern can be used.

Just when you think a stock will never stop dropping, or going up, it’ll change direction. Here’s three double-short ETFs that show a similar pattern.

1. A considerable drop

2. A quick buy signal, which fails just as fast.

3. An explosive move up from oversold conditions.

Tomorrow I’ll post the safe entry for these charts, that provide Huge Profit potential.  In fact, it’s one of the most conservative trading patterns in my arsenal.