Confirmed FH1 Short 7-21-2015: U.S. Stock Market (DOW) Short Call 7-17-2015: 1st target 300 points, 2nd 650 points

Update: 7/21/2015 - 9:30am EST

FH1 short triggered on daily chart.

Short entry / addition point to current short: 17,980 - Break of prior day's low

Stop 18,059 - Break of prior day's high (above FH1 bar)

Targets hold from prior trade entry / 7-17-15 short call post

What is an FH1?
An FH1 is a failed long signal, confirmed by a short trigger. The chart above provides a real-time example. Here is the syntax:

Low today < Low 1 day ago AND
High today <= High 1 day ago AND
High 1 day ago > High 2 days ago AND
Low 1 day ago >= Low 2 days ago AND
High 2 days ago <= High 3 days ago AND
Low 2 days ago <= Low 3 days ago