The power of a simple pattern

Master this one today! Good Morning! Tuesday’s trading started off with a bang. And despite it being a short week, it looks like we’ll have plenty of opportunities to profit. After [my live Pre-Market Prep webinar]( yesterday, I had roughly 10 stocks in my show notes. As the premarket trading action progressed, I picked my number one watch… But there was another stock that surprised me at the open. That’s the one I want to talk about today. Because it shows you the power of one of my favorite patterns. Even though it didn’t have huge percent gains... It shows you it’s about the process, the pattern, and the mechanics of why they work. That’s what makes it possible to trade these patterns repeatedly. And it’s what can help you generate consistency as a trader. The Power Of The Dip And Rip Yesterday in premarket, I didn’t love IVERIC bio, Inc. (NASDAQ: [ISEE](. It has a high float, I don’t love biotechs, and I thought the [phase 3 news]( was lame... But then it started to spike at the open. I said it looks like shorts loaded up… Because what you want to [look for in a dip and rip]( is a big gainer in premarket ... Then you want to see it pull back. That draws in the short sellers… And when a stock dips after the open, that can draw them in even more… As a long trader, that’s when you sit back and wait for the pattern to develop. You wait for the stock to break above the [premarket]( high. That’s confirmation that the shorts are wrong and they’re all losing money. And as their losses grow they start buying. Now you have shorts and [breakout]( buyers pushing the stock higher. It doesn’t look like much on the chart, but ISEE had a $1 per share move from the break above the premarket high to the morning high of the day. ISEE chart: 1-day, 2-minute candle — courtesy of [StocksToTrade.com]( But that’s [the power of the dip and rip](. It’s a simple pattern and it works. But most people complain about simplicity… They think you need to trade 50 different patterns and use a bunch of fancy indicators. They don’t understand that the most successful, consistent, and long-lasting traders don't trade 50 or 500 patterns. All you need are a few simple patterns that repeat — like [the dip and rip](. Becoming consistently profitable comes down to mastering these simple patterns. [I can help you do that here](. Have a great day everyone. See you back here tomorrow. Tim Bohen Lead Trainer, StocksToTrade   sponsored   [Sykes: “Prepare for takeoff TOMORROW at 9:30am”]( If I were you, I would prepare myself for TOMORROW at 9:30am. What’s taking off? [Click here now to see this before it’s too late.]( sponsored   [The Mainstream Media Wants You to Believe That Bitcoin and the Rest of Crypto Are Dead…]( Rumors of crypto’s demise have been largely exaggerated. In fact, now is the best time to sharpen up your skills… Before the next bull run rolls around. [And for just $5, you can take advantage of this crypto millionaire’s blueprint.]( Recommended Membership Gifts   ACCESS NOW: Click to activate these complimentary membership gifts and receive daily market intel. [To The Moon Report Weekly Stock & Crypto Watchlist]( [Stock Market Safety Course By Millionaire Trader Tim Sykes](   [Facebook]( [Twitter]( [Instagram]( [YouTube]( [Spotify]( [Click Here to Unsubscribe]( (As an Amazon Associate, we earn from qualifying purchases.) 13809 Research Boulevard, Suite 500, Austin, TX 78750 *Please note that these kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose. 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