Shakeout +3 Pattern  





This rare pattern consists of:

• two sharp sell-offs,

• with the second slump undercutting the first sell-offs low

It's a bit like a double-bottom structure, but it generally unfolds more quickly — within a few weeks vs. the double bottom's seven weeks or more…

You want to see:

• the stock rise at least 3 points above the first sell-off low

• in heavy volume (40%> avg), triggering an early entry