2 Bar Reversal Stops

Red show the down reversals, green the up. White showing the Stops.

SPY 30 minute 2 bar reversal Stops. You get 2 bars down, followed by 2 bars up. Then you set a stop below that reversal..... Sure, you can make it a 2 day reversal. 10 minute..... whatever your time frame is..
2 bars down then 2 bars up... then set the stop.... below that point

But ... this is just how I understand it now.... and have done some very poor research.