Speed Index Pattern 1 - Plutus

This is when the price will follow in the same direction of the wave with the High SI.

The following conditions must be met:

Long Trade

1. A slow up  wave of a few bars (at least three bars on 1HR chart) with a High SI and high volume with small pip move.(example below SI=23.6)

2. A  fast down wave with a Low SI that never breaks Support or breaks it by a bit and returns back between Support and Resistance. (example below SI=4.5)

3. Enter Long only if price Breaks Resistance

Short Trade

1. A slow down  wave of a few bars (at three least bars on 1HR chart) with a High SI and high volume with small pip move (example below SI=25.0).

2. A  fast up wave with a Low SI that never breaks Resistance or breaks it by a bit and returns back between Support and Resistance.(example below SI=5.1)

3. Enter Short only if price Breaks Support