This continuation pattern [OTC swizzle] looks like a rectangle. You get a spike in the morning, followed by all-day consolidation. The bottom of that consolidation is your risk level. The initial high is the breakout level....... When it breaks out past the initial high, that’s your continuation signal.
CRITERIA of an OTC Swizzle pattern:
1. It's got like a morning spike type action..
2. goes sideways basically all mid-day & afternoon.
3. & then a breakout in the last hour or two of the day. -Monaco
search THIS PATTERN'S NAME on SYKES YOUTUBE CHANNEL VIDEOS; STOCKSTOTRADE'S YOUTUBE CHANNEL VIDEOS................
HOW THE OTC SWIZZLE PLAYS ITSELF ----- min 22 ------ www.youtube.com/watch?v=YrGfmhOA4J8 ......
Dux on how to deal with emotions on an OTC breakout ----------- www.youtube.com/watch?v=mmx0DMJJFFs .............!
Min 30 ---------- www.youtube.com/watch?v=G1lHUwugw-A ......... ALWAYS WATCH LEVEL 2s on OTCs......... don't even have to watch the chart at first.... #Jackaroo
Review all the content on my spreadsheet here --------- https://docs.google.com/spreadsheets/d/1frqjp66K-EIR-PMeUj-yrsojvEEqGXec/edit#gid=387723634 ...........
Look for the afternoon OTSwizzle...
Look for a stock that has a morning spike, which then goes sideways for an extended period in between a range.
Then — usually in the afternoon — you’re looking to buy the upper part of the range, often a high-of-day break.
And you risk the bottom end of that channel. If it works as planned, you ideally sell into strength.
The benefit of this pattern is it can give you time to see it coming. You’ve got a stock that’s gapping up. It’s near a breakout on the daily chart. So you stalk it and wait for it to break out. While you’re stalking, you can make a careful trading plan.]
Look for the afternoon OTC Swizzle... [With this pattern, you look for a stock that has a morning spike, which then goes sideways for an extended period in between a range. Then — usually in the afternoon — you’re looking to buy the upper part of the range, often a high-of-day break. And you risk the bottom end of that channel. If it works as planned, you ideally sell into strength. The benefit of this pattern is it can give you time to see it coming. You’ve got a stock that’s gapping up. It’s near a breakout on the daily chart. So you stalk it and wait for it to break out. While you’re stalking, you can make a careful trading plan.]
HOW THE OTC SWIZZLE PLAYS ITSELF ----- min 22 - min 33 ---------- www.youtube.com/watch?v=YrGfmhOA4J8 ......
Min 7 ------- OTCs panic big-time when they panic, thus getting out when it's panicking is essential and can be difficult | go with the trend/momentum of LEVEL 2 ------ Min 8 ------ OTC vs NASDAQ --------- www.youtube.com/watch?v=G1lHUwugw-A ............. #Jackaroo
Min 20 ---- OTC land is the best (the stock tape just trends (up/down) and channels (consolidates) repeatedly -------------- www.youtube.com/watch?v=G1lHUwugw-A ........... #Jackaroo #BTheStory