Bank Breakout 2 Top Access
For a valid pattern, the time between Top 1 and Top 2 must be at least 3 weeks but no more than 8 weeks. If the second top forms too quickly, it is a false breakout. If it takes too long, momentum decays.
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For quantitative traders, here is a pseudo-code script to automate identifying this pattern in TradingView or Python: For a valid pattern, the time between Top
# Pseudo-code for Bank Breakout 2 Top Screener if stock.sector == "Banks" and stock.market_cap > 10e9: # Find two distinct peaks within 60 days peak1 = find_peak(high, lookback=30) peak2 = find_peak(high, lookback=30, after=peak1.index + 15)if abs(peak1.price - peak2.price) / peak1.price < 0.02: # Within 2% valley = min(low between peak1 and peak2) breakout_price = max(peak1, peak2) * 1.01 if current_price > breakout_price and volume > volume_sma_20 * 1.5: trigger_signal("Bank Breakout 2 Top Alert")
