High Probability Pivot Pattern

Hey gang,

I wanted to take a minute here to share with you a new pattern I've added to my repetoire. I've mainly been studying it on the futures, but took it on an equity today. Essentially the criteria are as follows:

- Extreme downside move
- Series of three lower lows, with the last one often being a rapid flush and retracement
- Typically highest volume heading into the first low and lighter volume on the last low
- Larger time frame support
- Entry when the channel going into the third low breaks higher
- Max stop under the third pivot low, but typically can cut that in about half since it is pulls back into that third low it's more likely to fail so those more experienced with time & sales can cut the stop quite a bit.
- Target is approximately a 50% retracement of the larger drop... watch for a 20 sma like the one I have circled in FSLR. These can continue and pull all the way up, but usually will at least stall at that 20 sma zone. Watch the pace into the sma, since a sharp pace will more likely have a continuation higher.

Note: This pattern can start out a bit slow before it pops, so the thing I have had to work on has been not bailing on it just because it doesn't get going right away. You can see on the 1 minute that moves ot the move didn't even begin until about 10 minutes or more after the buy trigger.