Pattern: Morning Panic Dip-Buy Pattern->What is the Morning Panic Dip-Buy Pattern?
This pattern is based on a wall of sellers that drive the market down in a short time.
As you can see in the chart the wall of sellers show how market quickly sold off during the session of March 6th, after an all time high (not supported by demand).
Leaving us with a first day candle of March 7th, with a volume as high as the all time high, opening and closing in the same price; this is a clear sign of strength because demand are now the leaders of the market. This day we had the possibility to entry in this new trend.
->What causes the Morning Panic?
This pattern is caused by a new catalyst as a new, longs taking their profits overnight during the all time high, and sellers betting against the stock as it rose so high that it could not maintain.
->How the Morning Panic Plays Out?
These stocks often close strong during the previous session (as the example did), sometimes this creates a gap up at market open and when gap up occurs, longs sell their shares to take profits.
Be aware as the stock after the morning panic usually takes some time to settle into a cleat trend.
->Dip Buying a Morning Panic is a classic long position.
Hope you have a great day!
Dipbuy
#Bitcoin - buy the dip or regret later ?---------------------------------------------------
Bitcoin was today -4% - now it's back
on track and slowly rising again.
RSI was oversold.
BTC hold support.
Trade with trend, not against him,
you will get rewarded.
---------------------------------------------------
Comment your idea below!
Like for more!
---------------------------------------------------
this is idea and not what you should do.
Anyway,good luck to all.
---------------------------------------------------
DKNG real March MadnessDaily DKNG looks like an amazing long term buy. jump in some leaps. 110 by March 2021!
#swing #tradeidea Long over 250 Tight stopsPossible bounce area
Spotify misses by $0.03, misses on revs; guides Q4 revs in-line
Reports Q3 (Sep) loss of €0.58 per share, excluding non-recurring items, €0.03 worse than the S&P Capital IQ Consensus of (€0.55); revenues rose 14.1% year/year to €1.98 bln vs the €2 bln S&P Capital IQ Consensus.
"Total MAUs grew 29% Y/Y to 320 million in the quarter and above the top end of our guidance range. From a regional perspective, Y/Y growth in North America and Europe accelerated more than 400 bps and 100 bps, respectively, while Latin America and Rest of World continued to see the fastest growth, growing 30% and 51%, respectively."
Co issues in-line guidance for Q4, sees Q4 revs of EUR 2.00-2.20 bln vs. €2.19 bln S&P Capital IQ Consensus. Total MAUs: 340-345 million.
GSK - Price Target: 38.00 By November 20th~GSK Stock is A bit Undervalued RIght now.. Institutions have price targets of 42~-48
back on the Covid-low-trendline .. I dont see much Downside as Compared to upside.
Dip below 35.99 ~ 35.70 range Twice , back up to 36.30 <---- 50+ cent gap ups.
With Covid vaccine News coming any day now - Its this could be the next play.
No matter which company has the vaccine - I think its likely any Big Pharma Companies
Will get some Contracts to help produce the it.
this stock is owned 77% By instutionals,
With 3m Avg. Volume of shares being traded every day (very liquid)
Whenever the Tutes' are bullish on a stock you know something big is coming!
Adios Migos and GL' trading <--- This is just my personal idea/Reference chart. If your reading, have a good day! peace.
$DADA Ready For A Dip On Divergent Highs$DADA is showing some very divergent highs with weakness from bulls. I still like the bull case, but it makes more sense to see deeper prices currently.
AAPL possible fall up to 99.xObjective Price $99.XX
Using multi time frame analysis (Stochastic RSI and RSI) and fibonacci retracement.
Wait for the dip...
This is not an investment advice, just an idea based on technical analysis.
#Swing #TradeIdea if the market plays nice. Long over 70Swing Trade Idea: (Provided the market doesn't go lower)
$NCNO - Recent IPO with a strong Balance sheet. Currently trading at IPO price range.
Scale into this trade!
Bought the AGI DipPicked Up a few alts on this little dip.
Will be nice swings if crypto decided to adopt the "Better than V-shaped recover" attitude.
This Target already hit but I'd like to get back in this one.
Bought the SNX dipPicked Up a few alts on this little dip.
Will be nice swings if crypto decided to adopt the "Better than V-shaped recover" attitude.
Big dip in store for NIO?Still opportunity for NIO stock price to rise further before the RSI becomes oversold and the price dips below the 21 week average again at which point it will be another good opportunity to buy this well performing stock.
Buy the dip opportunity for Apple AAPLApple AAPL stocks could continue to dip before rising again giving buyers a good opportunity for profit over the coming months. There is a lot of volume waiting for the price to dip lower.
