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Owl Pattern

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Owl

Owl entry looks to buy the breakout, often of a successful SSC attempt. The following conditions are required.

  1. Large unambiguous move down.

  2. RLCO outside river.

  3. RL10 crosses Dragon.

  4. RL30 slopes up.

  5. Dragon slopes up.

  6. Enter long.

Entry is at A, with stop at B. This is an overnight hold first target is the gap up at C.

Note that this pattern can be seen, when applicable in any of Main templates. If you want to scan for symbols satisfying the criteria for Owl, use the Owl.scan layout.

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It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these sites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, the publisher, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.

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