TC2000 Breakout Failure Scan

Description

The TC2000 breakout failure scan is a great way to find stocks that have recently broken to new highs, failed to hold those highs, and are now reversing lower.

How this screener works

This scan looks for stocks that made fresh new highs on the day but then gave up those gains and closed negative on the session. Inverted hammers, bearish engulfing bars, and outside reversal days — these are the types of candlestick patterns you will get with this scan.

The scan also includes a filter to make sure the stock is already in an established downtrend for added confidence in this short-term reversal signal. This is a bearish scan that is designed for the daily time-frame but it could be used on any interval.

Requirements

• An active TC2000 Premium or Premium+ subscription is required to use this scan
• You must be running Version 23 or higher of TC2000 to use this scan

Scan features

• You can easily customize this scan’s settings so you can more accurately target stocks based on your personal preferences
• Includes easy-to-follow video setup instructions that will have you scanning in no time
  • Don’t want to install or set anything up yourself? Upgrade to our full-service white glove installation.
• Built to scan across any timeframe you want
• Can be combined with additional scan criteria to improve precision

Add to cart

Please note: all sales are final. This is an instant digital download and you will receive the source code immediately upon purchase. We encourage you to contact us prior to check out if you have any questions about this scan or if you would like to see the latest stock results. Thank you for your understanding!

Bundle offer

Get a discount when you purchase this Breakout Failure Scan and its bull version equivalent in the Breakout Failure Scans Bundle package.