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One Month Fake Breakdown Stocks Strategy Scanner
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One Month Fake Breakdown Stocks Strategy Scanner
One Month Fake Breakdown Stocks Strategy helps identify bullish reversal opportunities after a false downside breakdown.
Strategy Description
Scanner Conditions
- Price makes a fake breakdown below the lowest low of the last 20 ticks, indicating rejection of lower levels.
- Latest screener volume is greater than the 20-tick average volume, confirming strong participation during the reversal.
- RSI (14) on close price is above 50, indicating bullish momentum strength.
Additional Considerations
- Timeframe: Best suited for the daily timeframe.
- Volume Confirmation: Monitor volume closely – momentum is more reliable when supported by strong participation.
- Filter Stocks: Apply this strategy to your watchlist or curated stock basket.
Fine Tune : You can customise these screeners by clicking on 'Fine Tune Filter' Option
Caution : All these screeners are crafted based on some historical scenarios which may / may notbe applicable here. We recommend to fine tune them according to current market conditions or seek expert advise before taking any decision.