The Panic Dip Buy Pattern: 2021 Edition

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There are so many trading patterns to learn, but new traders are smart to keep it simple. Focus on as few patterns as possible. Tim Bohen’s got one in particular that he’s loving in this crazy 2021 market. Watch to learn this pattern now!
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The double-bottom panic dip buy is a hot pattern this year.

With this pattern, you want to look at OTCs with multiple green days in a row. Focus on that steady uptrend.

Here’s an example: Gran Tierra Energy Inc. (NYSEAMERICAN: GTE). Check out the video for the chart. This stock had four green days in a row.

These OTC gappers have been a reliable setup this year, and everyone’s scanning for them. But a lot of newer traders don’t know how to trade them. Then they miss the opportunity and get FOMO.

What’s great about that morning panic dip buy, and especially the double-bottom, is you can let the chart set up throughout the day and then look to trade in the afternoon.

You’ll see the stock gap up early, then double-bottom after that pullback. This can indicate if the stock has the potential to go higher…

Now you have clear support from a technical support resistance standpoint.

You’ll see the stock start to base. Now you want to look for that perk in the afternoon, that VWAP break. As with every trade plan, you’ve got to have a stop, and your stop would be that fail of support.

Be sure to tune in to the video to catch Bohen break down a few chart examples, including a failed double-bottom.

You may even want to take screenshots and write down these tickers for further research.

#StockMarket #Trading #DipBuy
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*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.

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Видео The Panic Dip Buy Pattern: 2021 Edition канала StocksToTrade