love these black swan patterns, wanna play them more and catalog them, the real money is on the upside, but day 2 you can predictable catch the respike right at open. they also offer very good dip buys once they bottom out but that takes more skill.
i am not to sure on that one! i havent played that pattern in awhile, i like to buy break of high mostly at premarket when something has good news, but you are also right it happens early in the morning usually hr after bell or so usually, also i like to see the price in any circumstance have a nice slow trend to break the high, usually it surges in price more so than if it had a wild run to said lvl
@Lukester https://discord.gg/KMQXHb << join my discord channel if you want, a small group of us are there, and im on voice chat all day with a few traders
@MikeySaghbini Thanks bro, I turned my 27k account to like 33k from just otcs but im not trading anymore cuz im trying to learn how to short nasdaqs. I also can only trade in the morning so that adds to the struggle :(
@MikeySaghbini The discord is an invalid invite
this chart literally could make me cry tears of joy and sadness all at once, sad for missing such a dank pattern and tears of joy for how beautiful it is. this is a perfect bounce pattern! if i saw this i would have loaded the fuck up! such a gemme!
@Lukester watch closely the big percent gainers that close strong and can have multiday runs!, especially watch over extended stocks like OTCS, they panic off their highs super hard and have very good initial bounces, much like CYDY and its infamous panic about a month ago, i am also just watching chat, usually people will ccall out stocks that are panicking. my criteria is hard price drops in short time frames like what you see on this chart above, those bounces are more reliable, and
price lvls, lvl2, and chart signals like hammers and dojis at the bottom, plus if its just a super exessive sell off the chart cant just drop off a cliff and not bounce
red on the day panics after the stock as been running for days bounce real nice, youre worse odds are green on the day and they are extended already, and you risk being on the back side of the move, you wont have relaly any bounce and then comes more drop on you
@MikeySaghbini Seems logical to me now that you've mentioned it. Shorts will pile in and likely weakhands will get squeezed after it goes red and begins bouncing
This was an interesting chart @MikeySaghbini . I completely agree with Tim that the first is almost always the best (and was here). Tim traded this stock on 6/3 (and other days too i believe). I bought the 1st dip (with really nice profits) and the bottom dip (with less profits b/c choppier). But the bottom dip had interesting MACD pattern.
very nice, thats a nice chart, also why i never linger in my dip buys!
Yes , SO important to never hold and hope. And I would have stayed away on the finely bounce except for the buy signal on MACD for me and the confirmation on candlestick patten. That made me think we would see continuation . I was able to get another small profit from that last bounce.
bought $gnus after it had this panic and sold into strength, love these max panic patterns, they are easy money..
i had to save this chart because i love it!, i tried to get into this dip for the quick bounce of the hard snap from its highs, unfortunately i didnt get a good entry at $8.76, dips you want a great entry or you can get screwed, so it started to dip and i thought maybe thats all it had for bounce and i bailed for a small loss, infact i could have held and made money BUT you dont know that. what i also like about this chart its the great short opportunity you had after the stock made a double top, which is a great short pattern imo, you could have entered short in the $8.90-8.80 area, risked off high, then with patience and the chart pattern there the odds were great, i love seeing the hard cracks on a stock it can give way to more panic thoroughout the day
i nailed the bottom of this dip at 2.70$, as you can see it found support right there with the old high right before it got halted to the upside were i instantly sold. wish i swooped up 4k mores shares i could have made a quick grand. only got 1k and made a few hundred.
bought this offering dip, wild i know, but i didnt linger and made a quick $500, nail and bail
$eols, this stock was up on NO news, was NOT in a hot sector, and it just had this wild run with no real pullback, its parabolic movement just couldnt be sustained, it was just up on CRAP. SO i got in short at 6.23$ endured some pain as it squeezed me and my 1k shares. i left sooooo much money on the table, i should have known this turd was gonna flush, because of all the fore mentioned stuff. made only $300 something on this one, next time ill be patient on a short setup this good.
Join now or log in to leave a comment