Stock patterns are a huge part of day trading. The sooner you can recognize good patterns versus mediocre patterns, the better.
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There are many patterns to learn about and understand in the stock market. However, there is only a handful that often repeat themselves. Tim Bohen recommends that you read Japanese Candlesticks by Steve Nison to get better acquainted with them. Check out SteadyTrade.com to listen to Tim’s podcast, where they can really help you zero in on your set-ups. Then use StocksToTrade to help spot these patterns!
The first chart to look for is called a ‘clean chart.’ Clean charts are stocks that are breaking out of previous levels. For example, a stock has gone from $1 to $2, back to $1, back to $2, back to $1, back to $2.50, and back to $2. Charts like these draw a lot of attention from stock traders, and if it has a catalyst, it also has a good potential to break out. Another benefit of clean charts is that there is a more defined stop loss.
The next pattern is Tim’s favorite, called the parabolic, the supernova, there are many names for it. This is the kind of stock that has been ‘dead’ or done nothing for a long time. Then some catalyst (news, hot sectors, etc) causes a breakout and the stock skyrockets. Stocks like these are extremely volatile because the volume increases so quickly. These stocks tend to increase over a few days, and traders will benefit from selling at the peak.
Now the charts you should avoid are called the messy chart and the crow (ugly) chart. The messy chart is stuck in a range. Traders often buy into them when they read news that they think will cause it to breakout. Avoid these messy charts that don’t break out.
The last pattern to avoid is called the crow, or the ugly chart. These are long term down-trending charts. These are attractive to traders because they’re so cheap, but often these are stocks from failing companies. These charts rarely bounce, so do your best to avoid them.

#StocksToTrade #StockCharts #StockPatterns
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.

By Stock Chat

where the coffee is hot and so is the chat

27 thoughts on “Patterns to focus on avoid in the stock market”
  1. Avataaar/Circle Created with python_avatars Jose Luis says:

    good

  2. Avataaar/Circle Created with python_avatars Jose Luis says:

    good

  3. Avataaar/Circle Created with python_avatars Danny Hardwick says:

    Enjoyed this video

  4. Avataaar/Circle Created with python_avatars Wade Rowley says:

    Thank you this is good to know

  5. Avataaar/Circle Created with python_avatars KP’s Aloha Minute says:

    Mahalo, Mahalo, Mahalo my new favorite after you explained it is now Parabolic, Super Nova, I like Clean, and if blessed I like the “W” double bottom Aloha and thank you I’ll buy the Japanese Candle Book Today

  6. Avataaar/Circle Created with python_avatars john martin says:

    If a stock is on a downtrend for a few months then gets a sudden dip, I like to jump in sometimes. Shift i got on a GREAT discount and is holding support at higher levels than when I bought. 52 week downtrends I tend to avoid although marathon patent would have been a great buy about a year ago and had this pattern.

  7. Avataaar/Circle Created with python_avatars Matt Hartley says:

    Thank you Tim!!!

  8. Avataaar/Circle Created with python_avatars Nicolas Morin says:

    BS..Bla bla bla..can't you show some chart rather than making some karate with your hands..

  9. Avataaar/Circle Created with python_avatars Will Kennedy says:

    Mine is called the shoe or breakout of a 20min down trend with a small uptrend after that leads to a resistance line. If it breaks resistance it runs for .20-.50c. or vwap hold HOD. I think I'm going to stay shorting because my patterns are now setting up on the short side. We'll see what happens.

  10. Avataaar/Circle Created with python_avatars Bull Force Trading says:

    ABCD and Pullbacks

  11. Avataaar/Circle Created with python_avatars dennis nealon says:

    coffee cup with a handle

  12. Avataaar/Circle Created with python_avatars Ivan Soshnikov says:

    I had to learn the crow pattern the hard way so that’s my fav😂 great vid btw

  13. Avataaar/Circle Created with python_avatars Synthea Rose says:

    I like the charts that have that long downtrend line and then trade on news or a stock offering run. Good for short term holding but really bad for midterm and long term holdings. Sometimes the stock will run for a while and other times I’m wrong and they collapse at the beginning of day one trading. But I like them anyway.

  14. Avataaar/Circle Created with python_avatars Antonio Gentile says:

    Ok, if you were a newbie start let’s say next Friday on STT and start to setting the research for new patterns. Which kind of type of patterns u would put in the system and another Q what’s a good trade volume of shares need just to take in consideration as well as the 52 week average. The minimum which you could say Anthony I would do. Thanks and have a great weekend

  15. Avataaar/Circle Created with python_avatars Vim9654 Mitt says:

    Please tell how do u trade stocks which has breakout day before? Do u trade them next day?

  16. Avataaar/Circle Created with python_avatars Greg Killian says:

    Morning trading is too crazy for my blood. There seems to be too much going on. I prefer to wait until the afternoon. A stock spikes in the morning then pulls back and consolidated midday and then rips to new highs during the last couple hours of trading. This way I have clearly defined entries and exits and I can go to the gym in the morning and come home feeling invigorated and only have to stare at a screen for the last couple of hours of the day

  17. Avataaar/Circle Created with python_avatars El punto y el y says:

    Clean and simple.thanks tim.

  18. Avataaar/Circle Created with python_avatars razzy p says:

    Price Patterns come to Daddy! Oh yeah,

  19. Avataaar/Circle Created with python_avatars Haydn-Ross Smith says:

    Hey Tim, great video, but for instance say you have an ugly long term chart like you describe that suddenly starts spiking for no reason, and has multiple green days in a row, is that not a great pattern to short that first red day?

  20. Avataaar/Circle Created with python_avatars Guille Fonseca says:

    Thanks Tim Sykes! :p

  21. Avataaar/Circle Created with python_avatars Wayne Perdue Lafayette says:

    i like whatever pattern roland wolf likes

  22. Avataaar/Circle Created with python_avatars Nick Slates says:

    Thanks Tim

  23. Avataaar/Circle Created with python_avatars Anthony Dago says:

    How do you find out if a company is one you would like to bye compared to a company that you just dont need or like even if it fits scanner.

  24. Avataaar/Circle Created with python_avatars Kira Lancian says:

    My favorite pattern is everybody's favorite too which is Supernova.

  25. Avataaar/Circle Created with python_avatars adaption27 says:

    "The Crow" …Lol. Yeah, stay away from that pattern. P.S. – Stocks To Trade software is awesome stuff.

  26. Avataaar/Circle Created with python_avatars Xavier Bustamante says:

    When does the watchlist come out?

  27. Avataaar/Circle Created with python_avatars StocksToTrade says:

    What's your favorite pattern? Do you try to buy stocks at 52-week lows, hoping they bounce? Or do you look for those clean charts? What other patterns you look for? Comment below!

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