Trading Sea Horse Pattern

@ER2-610 Tick Bars L=842.20 7.10

-831.00

830.00

829.00

827.00

825.00

824.00

823.00

822.00

821.001

Trading Sea Horse Pattern

The example above shows a "Sea Horse" pattern from the Russell Emini (ER2) 610 tick chart. On May 10, 2007, ER2 formed a "Sea Horse" pattern, and traded from 827 to 820. Later that day, ER2 reversed its downtrend and closed above the retracement C level (at 825). The BC range was 50% of AB swing.

1. Enter a "long" trade above the high of the bar at E level (at 825.5).

2. Place a "stop" Order below the low of B level (at 822).

3. Place a "target" at 100% of the ränge (from C to D) 4.5 points from E level to 829.

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