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After a stock has made a big move up like this, there's always the question of is this just going to pull all the way back or is this going to give me another opportunity to buy the dip for the next leg higher. So how do I know if it's dipping or if it's rolling over? This is what I do I Look at the recent pullbacks and with a trend line on my actual chart, I'll draw where I would expect to see support. So now I'm going to watch this area right in here. If the stock comes down to approximately this area, this is a place where I would consider buying a dip if it holds and curls back up.

We're in great shape. If it breaks, I can get out quickly because the second it breaks this ascending support line I know that this trend is breaking down.

By Stock Chat

where the coffee is hot and so is the chat

17 thoughts on “Buying the dip using a trend line short”
  1. Avataaar/Circle Created with python_avatars @mgomez34 says:

    Day trading with PDT is hard 😢

  2. Avataaar/Circle Created with python_avatars @dragos9134 says:

    Never forget dip trades off the vwap 2020-2021

  3. Avataaar/Circle Created with python_avatars @toddcournoyer5759 says:

    Now i just need money lol

  4. Avataaar/Circle Created with python_avatars @moneymentum says:

    What indicator is being used for the support line, if any?

  5. Avataaar/Circle Created with python_avatars @bryan2994 says:

    Hello to everyone I’m new to this does anyone recommend any books to read on getting started incesting

  6. Avataaar/Circle Created with python_avatars @jhavlogs4805 says:

    You forgot to mention the scenario where the stock breaks ascending support to hit multiple stop loss orders and rushes back above the support line

  7. Avataaar/Circle Created with python_avatars @dcharles1821 says:

    I adore this guy

  8. Avataaar/Circle Created with python_avatars @Andrei-gt7pw says:

    Yes, so easy. I wonder why not everyone is a millionaire using it.

  9. Avataaar/Circle Created with python_avatars @captaincannabis3321 says:

    And as soon as it breaks your imaginary line and stops you out it rip right back up to new highs.

  10. Avataaar/Circle Created with python_avatars @trancastore2107 says:

    Thanks!

  11. Avataaar/Circle Created with python_avatars @trancastore2107 says:

    Just learned that now , thanks sir

  12. Avataaar/Circle Created with python_avatars @campione8campione818 says:

    This is why you lose money 😊

  13. Avataaar/Circle Created with python_avatars @AlanTrades says:

    Thansk ross

  14. Avataaar/Circle Created with python_avatars @infinitelyllc says:

    Buying the dip. 💥💫

  15. Avataaar/Circle Created with python_avatars @bryan77727 says:

    thank you Ross

  16. Avataaar/Circle Created with python_avatars @patienceyusuf8036 says:

    The best teacher ever. Thank you sir.

  17. Avataaar/Circle Created with python_avatars @knivesX1 says:

    Firs but also, great work, I’ve seen this and sort of understood the concept but something about the way you broke it down just makes it so much easier to comprehend.

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