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The different pattern is a generally a stock that is a day one gapper. It can be like a day two gapper as well, but my my favorite is a day one gapper and since you had that pre-market action to base off of pre-market highs and generally the daily chart as well, you have areas of resistance that are coming up. You want that stock to open up very strong out of the day, but it has a slight dip right out of the open that allows for is a new intraday risk level that you are able to say Okay when I finally enter this stock I am risking the low. Um, maybe it's set in the first five or ten minutes and then that stock begins to curl.
It makes a new high of the intraday so not the pre-market high but high of the intraday level. From Market Open you have an entry spot for that high of day break with a new risk level set because it dipped and then that rip part comes as soon as that high a day breaks. Generally we see continued strength I Like to see that break at pre-market highs and sometimes it might chop around just a little bit. you know before it continues its Rip.
But the for me, the high a day entry through a dip and rip is my personal favorite way to trade. It.
did i give you the idea to do this if so awesome!
Another video lesson down
Thanks Bryceπ