Patten Finder Upgrades are Live
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This is a quick product update note: the new features we discussed in prior posts are now live in Pattern Finder.
Upgrades
While there are many, the largest and likely most impactful upgrades surround ten new screens for bullish and bearish charts using either trending support and resistance, or intermediate congestion lines.
The screens should yield charts that are in a clear up trend (or down trend), with substantial relative strength (or weakness), substantial buying volume (or selling volume), and most importantly, charts that expose opportunistic setups in real time.
In the bullish case, we expose charts where the distance to the nearest upside target is larger than the distance to the nearest downside target (yielding a larger reward:risk ratio).
Here’s an example from the prior post with an uptrend kicked off by a cup and handle, a stock now above trend resistance (green line), and more room to the next congestion profit zone (pink line above the current price) than to the next congestion loss zone (pink line below the current price),
Imagine clicking a button and finding this:
In the bearish case, the new screens yield the same risk:reward characteristics but where the downside stock movement (for a short position) has more room than upside movement.
We’ve also added alerts which come straight to your phone (text message) or email for breakouts either in specific stocks you follow, or the entire market.
Here is an example of an abrupt breakout through resistance today that could have been an alert in the morning the day before as the stock just crept above resistance:
Alright, the rest is for you to discover inside Pattern Finder.
If you’re not a member yet, you can watch a rather riveting seven minute minute video here and see special pricing (ending soon): Pattern Finder: The Next Era of Charting