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

CHX ChampionX Corp
GFS GLOBALFOUNDRIES Inc
INTC Intel Corp
MPC Marathon Petro Corp
OII Oceaneering Intl Inc
PATH UiPath Inc
PR Permian Resources Corp
YPF YPF Sociedad Anonima ADS

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

CHRW C.H. Robinson Worldwide Inc
WHR Whirlpool Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.