Speed Index Pattern 2 - Plutus Reversal

This is when the price will go in the opposite direction of the wave with the High SI.

The following conditions must be met:

Long Trade

  1.  A fast up wave with Low SI (example below SI=4.6)

  2. A slow down  wave of a few bars (at least three bars on 1HR chart) with a High SI and high volume with small pip move  that never breaks Support or breaks it by a bit and returns back between Support and Resistance.(example below SI=26.1)

  3. Enter Long only if price Breaks Resistance

Short Trade

  1. A fast  down wave with Low SI (example below SI=7.9)

  2. 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  that never breaks Resistance or breaks it by a bit and returns back between Support and Resistance  (example below SI=50.4)

  3. Enter Short only if price Breaks Support

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