This setup was detailed in "Short-term Futures Trading" by Jake Bernstein. Which time frame and which futures does it work? How to enter and how to exit?

Does Jake Bernstein not answer those question in the book? (I haven't read the book so I don't know what the setup is...)

Thank you for reminding me to ask him. I will send him a email.

I know that we have an article here: Spikes but I think that deals more with extreme market spikes and what you and Jake Bernstein are talking about are little blips over the S/R levels right?

You are right!