TC2000 Breakout Failure Scan

$99.00

The TC2000 breakout failure scan is a great way to spot short-term turning points and exhaustion signals in stocks that have rejected recent highs.

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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.

Image of TC2000 Breakout Failure Scan Example - PMVP

Scan features

  • This scan has been upgraded and enhanced to take advantage of TC2000’s latest PCF features. This means you can easily customize its 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
  • Compatible with all versions of TC2000
  • 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.

Additional information

Product Type

Bearish

Platform

Worden TC2000

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