Hey traders, it’s Bryce here.
Every Friday, traders in our community are watching for a very specific setup.
Let this be the only trade that you focus on right now!
All it takes is one good trade a week …
Plus, there’s no need to complicate things as we approach a Friday.
The incoming weekend inspires a specific price action that can manifest on the market’s hottest stocks. Watch the video below for more details:
Last week we saw a stock follow this pattern perfectly.
I’ll share that example with you today …Â
You don’t need to trade all day every day. Sometimes the simplest approaches are the best!
Last Friday’s Example
Last week we watched Arcutis Biotherapeutics Inc. (NASDAQ: ARQT) follow our weekend pattern.
There’s a chart below of the move from Friday, August 23 to Monday, August 26. Every candle represents one trading minute:
ARQT chart multi-day, 1-minute candles Source: StocksToTrade
Now, every spike is a little different, like a snowflake.
But ARQT’s price action coupled with the pattern video should equip you enough to take advantage of this weekend’s potential runner.
It’s Thursday today, which means you’ve got more than 24 hours to burn this price action into your brain.
Don’t worry about trading every day.
Instead, focus on one pattern at a time and grow your knowledge account as you become self-sufficient. Too many patterns can be confusing for new traders.
Watch the video below:
And get ready for Friday’s price action.
We don’t know yet which stock is most likely to follow this pattern … But when I see the price action, it’ll be obvious!
Cheers,
Bryce Tuohey
*Past performance does not indicate future results