Institutional level participation, minimum price filter
time to add stock to watchlist ahead of reversal with stop beyond this level; confirm reversal in RSI(2) crossing out of overbought and initial entry into oversold
additional resistance confluence at more than minimal level;
narrow to US trading hour highest liquidity
relatively overbought conditioning lessening enthusiasm for bulls; watch Twiggs money flow on 8 setting and large player volume participation for waning interest
more than minimum level of resistance level
liquidity
can add overlays of Chartmill channels, S+R and Bollinger bands to see further confluence of overhead resistance points, place stop for short trade beyond these levels for what should be a low risk entry point
Run this screen in your favorite region. You can always further fine tune the screen by changing the general settings after it opened in the screener.