The One Chart Pattern That You Must Trade
No, it’s not a cup and handle pattern. It’s not a triangle. And it’s not a head and shoulders pattern.
It’s a First Pullback.
What’s a first pullback?
This is just the first pullback after a significant price event. For example:
The first pullback after a trend line break.
The first pullback after a breakout.
The first pullback after break down (short).
The first pullback after a “kicker” candlestick pattern.
The first pullback after a break to new highs.
(I think you get the idea!)
This is the one pattern that you should hope to find the most – that perfect first pullback scenario that swing traders (and day traders) have come to know and love!
