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RT-Alerts Program

What are the Patterns?

Hit Resistance:
A bar high has come close to a resistance line.  The resistance line can be horizontal, upward sloping or downward sloping.

Hit Support:
A bar low has come close to a support line.  The support line can be horizontal, upward sloping or downward sloping.

Breakout:
A bar high has broken through a resistance line.  The resistance line can be horizontal, upward sloping or downward sloping.

Breakdown:
A bar low has broken through a support line.  The support line can be horizontal, upward sloping or downward sloping.

Double Top:
This is a confirmed M shaped top.  The last leg of the M has fallen below the center point of the M completing the M shape.

Double Bottom:
This is a confirmed W shaped bottom.  The last leg of the W has risen above the center point of the W completing the W shape.

Bull Fib Ret:
This is a Bullish Fibonacci Retracement.  In this case the price has pulled back from a recent rise by 38.2, 50 or 61.8 percent.

Bull Fib Ext:
This is a Bullish Fibonacci Extension.  In this case the price has continued down from a recent established bottom by an additional 62 or 162 percent of the initial fall.

Bear Fib Ret:
This is a Bearish Fibonacci Retracement.  In this case the price has pulled back up from a recent fall by 38.2, 50 or 61.8 percent.

Bear Fib Ext:
This is a Bearish Fibonacci Extension.  In this case the price has continued up from a recent established top by an additional 62 or 162 percent of the initial rise.

Bull H and S:
This is an inverse Head and Shoulders pattern indicating that a bottom has been formed.

Bear H and S:
This is Head and Shoulders patterns indicating that a top has been formed.

Bull C and H:
This is Bullish Cup and Handle pattern.  It is a breakout trade indicating a continued rise in the price.

Bear C and H:
This is an inverted Cup and Handle pattern. It is a price breakdown indicating a continued downward price movement.

Early Double Bottom:
An Early Double Bottom pattern is defined when the first 3 legs of the W are formed.  The last leg may not even have started up yet.  It is formed by price action and a strong MACD divergence indication the last leg of the W will likely be formed.

Early Double Top:
An Early Double Top pattern is defined when the first 3 legs of an M Top are formed.  The last leg may not even have started down yet.  It is formed by price action and a strong negative MACD divergence indication the last leg of the M will likely be formed.

Bull MACD Div. Index (MDI):
This is a Bullish MACD Divergence Index.  Many different MACD settings are used to look for bullish divergence.  The index is the percent of MACD settings that are currently showing a good divergence.  The value ranges from 0 to 100.  Any value over 50 will trigger a Bullish MDI alert.  It is plotted as a black line in the bottom chart window.

Bear MACD Div. Index (MDI):
This is a Bearish MACD Divergence Index.  Many different MACD settings are used to look for bearish divergence.  The index is the percent of MACD settings that are currently showing  good bearish divergence.  The value ranges from 0 to -100.  Any value under -50 will trigger a Bearish MDI alert.  It is plotted as a red line in the bottom chart window.

Bullish MACD Divergence:
This is a Bullish MACD Divergence using the single MACD setting of 6/18/6.

Bearish MACD Divergence:
This is a Bearish MACD Divergence using the single MACD setting of 6/18/6.

Bull TUG 1
This is a bullish pattern setup designed by Hal Brent at www.TraderUserGroup.com. The exact setup criteria is confidential and the property of TraderUserGroup.com.  It is typically used with a 120 min bar timeframe.

Bear TUG 1
This is a bearish pattern setup designed by Hal Brent at www.TraderUserGroup.com. The exact setup criteria is confidential and the property of TraderUserGroup.com.  It is typically used with a 120 min bar timeframe.

 
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