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

ABNB Airbnb Inc
ARCC Ares Cap Corporation
COF Cap One Finl
ENVX Enovix Corporation Common Stoc
ESI Element Solutions Inc
FCX Freeport-McMoRan Inc
HLF Herbalife Ltd
HOOD Robinhood Markets, Inc
HSBC HSBC Hldg PLC
IBN Icici Bank Ltd ADS
JWN Nordstrom Inc
NIO NIO Inc
NYCB New York Community Bancorp
OBDC Blue Owl Capital Corp
ONON On Holding AG
OTIS Otis WorldWide Corp W
RIVN Rivian Automotive, Inc. Class
SLG SLGreen Realty
U Unity Software Inc
VIPS Vipshop Hldg Ltd

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

JAZZ Jazz Pharmaceuticals plc
SRPT Sarepta Therapeutics Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.