Turtle Soup Plus One Setup - S&P 100 Index 29 Nov

The aim of the pattern is to profit from false breakouts. When the trend is strong, the reversal will not be long. However, sometimes reversals can be quite profitable. It is a typical swing trading pattern, working well in volatile markets. The rules are:

Buys:
- The previous 20-day low has to be at least three days earlier. The close for the day must be at or below the previous 20-day low.
- The entry buy-stop is placed the next day at the earlier 20-day low.

Sells:
- The previous 20-day high has to be at least three days earlier. The close for the day must be at or above the previous 20-day high.
- The entry sell-stop is placed the next day at the earlier 20-day high.

Entergy Corporation (NYSE:ETR) printed a sell setup for the next session

Norfolk Southern Corp. (NYSE:NSC) printed a buy setup for the next session