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Plunger Trade Examples


Plunger Pattern Criteria - A plunger pattern occurs when a 10-day high or low is reached or breached and the market reverses itself intra-day and closes at the opposite end of the 10-day high or low. For the plunger to officially occur the closing price must finish in the top or bottom 30% of the day's entire range.

Plunger Pattern Expectations - Plunger patterns on average are expected to produce a market reaction (in the direction of the plunger) with a duration of 1 to 3 trading days.

FP = Forward Plunger: Forward Plungers can occur at or near short-term bottoms, occasionally occurring at major turning points.

RP = Reverse Plunger: Reverse Plungers can occur at or near short-term tops, occasionally occurring at major turning points.

* Click here to view the original Upperman Plunger pattern manual, and to view real market examples.  

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