15 Minute Reversal Buy
he 15 Minute Reversal Buy strategy identifies buying opportunities in stocks that are in clear uptrends on the 15 minute chart. In addition, the stock must be experiencing a minor pullback within the context of this uptrend, allowing the purchase of the stock at a discount to its recent prices. The final trigger for this alert is when the stock price breaks above its prior 15 minute high, signaling the pullback is complete and the uptrend is being reasserted. You may notice that this is the same trading philosophy used for the Daily and Weekly Swing trading strategies, only employed on a 15 minute timeframe.
The following chart shows an example of the type setup we look for in a 15 Minute Reversal Buy opportunity.
Example:
Amazon.com, AMZN, has been in a clear uptrend on the 15 minute chart and is experiencing a minor pullback.
During this time period, TradeSeeker monitors the stock movement looking for a breakout, a point when the
stock price breaks above its prior 15 minute high. The instant the breakout occurs, TradeSeeker sends out an
alert signaling that the pullback is complete. As you can see, AMZN reasserted its uptrend at this point.