The Bottom Fisher Scan filters the
entire market searching for stocks that have traded down
for at least three consecutive trading sessions and are
currently trading higher and signaling that a potential
short-term bottom might have been formed. Based on
swing trading methodology, this scan is the bread and
butter of my trading. It represents me with very high reward to risk ratio.
The basic setup is featured in the
above illustration. It can be used for a stock that is in
an uptrend or downtrend. The trigger event for an entry is
for the stock to be up from yesterday’s close. As long
as a stop loss below today’s low is an acceptable risk
while trying to capture the price target reward, you can
enter the trade. Otherwise, you would have to use intraday
support levels.
Scan Presentation
If you can't see the
presentation above or wish to read more about the above
examples please click
here
If you can master the Bottom Fisher and
the Sky Scraper scans, you can become a successful trader
even if you don’t use any other strategy.
