We were alerted to this $ONCE short trade from our proprietary Consolidation Short scanner. The stock had consolidated for 4 small range days as shown in the daily chart above.
17 minutes after the market open, $ONCE formed a perfect bear flag as shown in the 5 minute chart above. We called this short live for members and made huge profits.
Our Consolidation Breakout Short scanner is just one of our profitable scanners. This scanner doesn’t just look at the past two days of trading. It also looks at the past 30 days of trading for very specific patterns. If you would like to be alerted to trades like these, we offer a 7 day free trial.