Entry on a break of the previous trading day's high. Stop below the deepest pullback low. Fund managers like to trap pullback traders by triggering a pullback entry, so ignoring a first thrust can often lessen risk.

Long-side setups

AXSM Axsome Therapeutics Inc
BNS Bank Of Nova Scotia
VALE VALE S.A.
WTRG Essential Utilities Inc

Entry on a break of the previous trading day's low. Stop above the deepest pullback high. Fund managers like to trap pullback traders by triggering a pullback entry, so ignoring a first thrust can often lessen risk.

Short-side setups

AEO American Eagle Outfitters Inc
BBWI Bath & Body Works Inc
BURL Burlington Stores Inc
FOSL Fossil Grp Inc
ROST Ross Stores
RYAAY Ryanair Hldg plc ADS
SIG Signet Jewelers Ltd

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.