These are secondary and somewhat lower probability patterns. But when paired with other analysis, such as momentum from the market maker screen, they may be traded successfully.

The above pattern may well be showing price strength to the upside with successively higher swings down in price as it goes back up lo test the same high price, wail for some consolidation before buying a breakout to the upside.

The „FLASHBACK“ is another morning trade based on a quick reversal in direction of a stock's price. It quickly fakes one direction, then reverses back the other way to break the current high or low of the day. Look for the market index to be moving in the same direction the trade is taken for it to be worthwhile. Here is how it sets up for a buy trade:

This could be considered if the overall market index begins moving up strongly and there is enough distance to the high from the breakout to make a decent profit. This is because the stock will usually meet resistance at the day's high. You could expect the stock to attempt to reach the day's earlier high. In order for the trade to yield you money there should be at least 1 & 1/2 points from the breakout point to the high of the day. These trades can be good on a day when the market runs down in the morning and then makes i smooth, rounding bottom that subsequently swings back up.

These examples are often decent trade setups that may be taken for a reasonable percentage of success. The rationale is to get in early on a strong move that will provide good follow-through.