Trading Round Top Pattern

PD @ER2 -610 Tick Bars L= 828.30 4.50 4/20/07 7:29 AM

PD @ER2 -610 Tick Bars L= 828.30 4.50 4/20/07 7:29 AM

4/13 4/16 4/17 4/18 4/19 12:30 4/20

Trading Round Top Pattern

The example above illustrates a "Round top" pattern formation from the Russell Emini (ER2) 610 tick chart. From April 16, 2007 to April 18, 2007, ER2 made a "Round top" formation. On April 18th, ER2 closed below the key support areas of "Round top" formation to signal a "short" trade.

1. Enter a "short" trade below the low of the breakdown bar at 830.

2. Place a "stop" order above the 50% depth range of the "Round top" pattern.

3. Target 100% of the "depth" from the breakdown level.

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