The Chart Pattern You NEED To Memorize - Predicting RKT Breakout

by | Mar 2, 2021

I wanted to share this video from November 16, 2020, when I did a video for IU members on a pattern that had been paying out like crazy. It's a setup I look for over and over each night when I do my scanning.

The reason I took the swing trade on RKT yesterday was this EXACT setup. (As you'll see in the video RKT was actually an example once $24 based) = go time.

Trading is about remembering many things - key levels, key breakouts and what set up matters. You don't need to be first in but once it breaks and confirms over said level, let it work. Always easier said than done, I made it to about $35 on my swing trade and tried shorting it a few times which turned out to be more than a headache than anything. As a trader I'm always looking to improve and better myself -- this setup is an example of one where I need to put more trust in scaling in MORE and letting it work. The next step for progression as a trader is to run with the options on trades like this. But, it's always a work in progress.

Video is below - enjoy and leave a comment with what you think!

The Game Plan

Re visit the set up:

Video Lesson

12 Comments

  1. Thank you for sharing. What do you think about $grts. Looks it may do exactly the same as RKT

    Reply
    • Thanks

      Reply
  2. Nice

    Reply
    • So would you start buying base on the daily chart before it breaks out?

      Reply
  3. Dang, your education material is insane. Thanks Nate.

    Reply
    • Thanks for the video, Nate. A nice one on pattern recognition and breakout daily. Really appreciated.

      Reply
  4. Needed this today! Exhausting day today. Thanks so much.

    Reply
  5. Amazing muscle memory bro... you called it. Don't know how you remember so well...

    Reply
  6. You guys the best. Your willingness to pass some of your knowledge on is commendable.

    Reply
  7. perfect setup for long, if I have to give one fit for is ABCD setup, which work best inline with condition for swing trade, one of the is market trend. this video put things in prospect nicely.
    thank you it.

    Reply
  8. Thanks Nate.

    Reply
  9. Thanks Nate.

    Reply

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