Entry on a break of the previous trading day's high. Stop below the deepest pullback low. Fund managers like to trap pullback traders by triggering a pullback entry, so ignoring a first thrust can often lessen risk.

Long-side setups

ADEA Adeia Inc
BHP BHP Billiton Ltd ADR
DINO HF Sinclair Corp
GD General Dynamics Corp
PARR Par Pacific Hldgs Inc
PSX Phillips 66
SM SM Energy Co
VALE VALE S.A.

Entry on a break of the previous trading day's low. Stop above the deepest pullback high. Fund managers like to trap pullback traders by triggering a pullback entry, so ignoring a first thrust can often lessen risk.

Short-side setups

BMEZ Blackrock Health Sciences
SGH SMART Glbl Hldgs Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.