![accu rip .add trapping accu rip .add trapping](https://p.calameoassets.com/151209195449-f416a868be8b053fc82ab39e3dc8bc74/p1.jpg)
But that doesn’t mean this pattern has become obsolete. We were in a crazy bull market at the time … Now we’re in the crazy pandemic market. In 2019, I made a video explaining the dip and rip pattern: It’s also a pattern that shows up in just about any market. If you can learn to be patient, you could grow to love this pattern as much as I do.
![accu rip .add trapping accu rip .add trapping](https://s1.livrozilla.com/store/data/000970810_1-adfb3b18522e932d324d791e30593ff4-260x520.png)
Most traders have basically ZERO patience. Second, it benefits from the reliable bad habits of most traders.
![accu rip .add trapping accu rip .add trapping](https://online.fliphtml5.com/ovzc/nqav/files/thumb/1.jpg)
It’s easy to learn and to grasp, even for new traders. There’s a lot to love about this pattern.įirst off, it’s a pretty simple pattern. Then you either need to have the discipline to cut losses or hopefully ride the ripping action. You’ve got to be the smart trader who can wait until about 9:45 a.m. You have to wait as the throngs of traders are stopped out. The key to this pattern is patience - it’s crucial. That’s the backstory behind this pattern … and also the key to playing it. That can leave traders thinking, “why didn’t I wait?” But then the stock levels out and starts gaining. The problem? A lot of these big gainers in the premarket have a huge gap down in the morning, right after the market open. Plenty of traders see a big gainer in the premarket, and they want to jump in. This pattern starts with a common trading struggle. What’s it look like? We’ll get to that, first let’s cover… Breaking Down the Dip and Rip Pattern There are other names for this pattern … I’ve heard some traders call it a ‘weak open, high-of-day break.’ But there’s a certain satisfaction to the phrase ‘dip and rip,’ don’t ya think? The brief dip is followed by a rapid reclaim of its previous high, and potentially even more growth… It starts a strong opening, followed by a quick dip in stock price. 1.1 Breaking Down the Dip and Rip Pattern.