어닝 리포트로 인한 갭 상승후

계속해서 상승하면서 조정을 받을때,

관심종목으로 조정구간을 지켜보면서
본인이 좋아하는 10가지 패턴중 하나
로 그려지면 진입
Symmetrical Triangle
Holy Grail Pattern
Bearish

For Shorting
 Bearish Rising Wedge Pattern For Shorting1
Here are a few examples of Rising Wedge patterns and what they look like:

Notice the huge volume break down in

the share price for a few days marking
institutional selling(aka Distribution!)...
usually these high volume distribution
phases start from a big catalyst such as
a very poor earnings report(Bearish
Power Earnings Gap) for example!

http://theimpatienttrader.blogspot.com/2019/09/bearish-rising-wedge-pattern-for.html?m=1
Bearish Rising Wedge Pattern For Shorting2

The price than attempts to rally back

or bounce on very low volume as the
price actions looks and "feels" very
anemic and uninspiring....

before price starts to roll over once

again to the downside!
Bearish Rising Wedge Pattern For Shorting3
As many of you have seen lately, I've been sharing more and more
RISING WEDGE setups in the AOT private twitter.

Rising Wedge patterns are bearish continuation patterns. They are

the exact opposite of Falling Wedges(which are bullish patterns)....

I especially like Rising Wedge patterns where the stock starts to bump
into resistance areas such as key Moving Averages or Downtrend
trendlines which act resistance ...

Rising Wedges looks like this:

This pattern works best in stocks that already in a down trend.... So

you're essentially looking for a low quality, meager, low volume
bounce(where the stock simply bounces to relief oversold conditions,
aka "Dead cat" bounce) before it resumes the previous trend, which
is DOWN...

I especially like to use this pattern in tandem with a "BEARISH Power

Earnings Gap" : so a stock that gaps down and sells off after
reporting poor earnings, the stock then makes a weak multi-day, low
volume bounce that bumps and stalls into resistance... then look for
the stock to roll over to downside again...
Bearish Rising Wedge Pattern For Shorting4

For example, last week on the private twitter, i

shared this DDD short setup ....

Notice how DDD gapped down a few days ago

and sold off hard all day after reporting poor
earnings...

The stock then made a weak multi-day bounce to

form a mini Rising Wedge pattern before rolling
over with the Nasdaq late last week...

And then started to accelerate to downside....

Bearish Rising Wedge Pattern For Shorting5

DDD ended up being down about 6% to

8% on Friday ever since pointing out
this setup....

This is the sort of pattern that's been

working in this weakening market lately...
Bearish Rising Wedge Pattern For Shorting5
GS, did a similar Rising Wedge
pattern last week as well ....

Since this market has been very

volatile lately, it's not a bad idea to
reduce size but widen stop losses a bit
to allow more room for stocks to wiggle
around while they complete trading
patterns...

You can enter a short position while the

stock is stalling resistance near the
Rising Wedge's triangle apex or once it
starts to actually roll over to the
downside once you've identified a good
looking Rising Wedge pattern.

Stop loss would go right above the

Rising Wedge pattern's most recent
pivot highs.

I hope you found this post helpful!!

How To Trade a
How To Trade a BREAKOUT AND RETEST Pattern 1

Perhaps some of you might've noticed that recently(this

is especially true in CHOPPY markets) that some times
stocks that breakout will sometimes "fail"... that happens
a lot, even in strong up-trending markets actually! When
a stock breaks out on huge volume, often times the
stock will keep on running and it would be very hard to
catch that stock if you missed the initial entry and really
want to get into this trade, you're left with TWO choices:

1: CHASE THE STOCK

or
2: WAIT FOR A Successful RE-TEST of the breakout

As you all know by now, I'm not a big fan of chasing a

breakout... I'd much rather remain sidelined and wait for
a POTENTIAL retest of the breakout... exactly what we
saw in BABA earlier this week.
How To Trade a BREAKOUT AND RETEST Pattern 2

.....and here's how the stock did since that

emailed BABA setup broke out ....
https://stockcharts.com/public/1510643