Day Trading Setups
Flat Top Breakout
Price tests the same horizontal resistance level over and over, and each pullback between tests gets shallower. That coiling pattern is measured touch by touch here, not assumed, before the eventual break gets called.
Log every touch, watch the coil, call the break
Every trial builds a real consolidation against one real resistance level, the shared local high across multiple touches within a small tolerance. Each touch and the real pullback depth after it get logged and charted live. Set how many touches you want armed before you'll act, then call whether the eventual breakout holds or fails once the setup is armed.
Pullback depth after each touch
Building the consolidation…
| Touches at arm | Trials | Holds | Hold rate |
|---|---|---|---|
| 2 | 0 | 0 | — |
| 3 | 0 | 0 | — |
| 4 | 0 | 0 | — |
| 5 | 0 | 0 | — |
How it works
- The resistance level is a real shared local high. The tool detects every real swing high that lands within a small tolerance of the session's running local high and logs each one as a touch.
- Pullback depth is measured after each touch, not guessed. It is the real distance price retraces down from that touch before the next attempt at the level, plotted as its own bar in the coil chart.
- The arm slider sets how many real touches you want to see before you'll act. The setup only counts as armed once that many touches have actually printed.
- Shrinking pullbacks are checked with real math, not a label. Each pullback depth is compared to the one before it. The setup only reads as genuinely coiling when the depths are actually declining touch over touch, not just when enough touches have happened.
Where this breaks
A shrinking coil can also mean the buyers are running out, not building up
Shallower pullbacks usually mean sellers at the level are absorbing less each time, but the same shrinking pattern shows up when the buyers pushing into resistance are simply losing strength and can't generate a real pullback at all. The scoreboard here typically shows more armed, genuinely-coiling setups holding their breakout than setups that never armed, but a good coil is not a guarantee, and a flat top with heavy touches can also just be distribution at a price the market has already decided is fair.