For the past two months I have seen a common pattern with momentum trades after seeing $niper Trade$ on Twitter (everyone should follow him) post a few trades and their patterns. I'll let the charts show you. The yellow and blue arrows are where I entered and exited, respectfully.
Those are the few out of the many I have saved. I buy on the dip, then aim for the day high. The main thing you need to know is that these dips are caused mostly by profit taking, and sometimes early shorts getting squeezed. It's a very quick pattern, and you can get shaken out easily, but it has provided me with great opportunities so I'll take it.
Posted May 20, 17 7:15 PMbykenjiii16
Received 3 Karmas



This is called a pullback, a very common long strategy.
great charts
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