Inspired by crypto pattern , I designed this screener.
End of Bubble pattern could be defined by
- ratio all time high / all time low >5
- Retracement 0.782 and close> 0,1 amplitude + low
- volume * price filter
Some stock will stay flat forever or go to 0.
Some could rebound with violence and a strong amplitude
If high>ATH then
//ATL All time low identification
If low<ATL or ATL=0 then
fullrange = abs(ATH-ATL)
fibo786 = ATH-(fullrange*0.786)
position= close< fibo786 and close >level900
screener[ position and amplitude and volumeprix]
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