"Some of the best setups don't have fancy names in trading textbooks. They're just repetitive market behavior that creates predictable opportunities." Nate Bear, Lead Technical Tactician, Monument Traders Alliance Editor's Note: When JC Parets makes an emergency prediction, I pay attention. His track record of calling every major market turn over the past 15 years - 2008, 2018, 2020 - before they happened speaks for itself. This isn't another market guru making wild claims. This is the analyst who warned us to ignore the crash narrative in May when everyone else was selling. Those who listened could have seen 14 winning opportunities since then. Now he's detected another government-mandated "Pivot Point" happening on October 9th, and he believes this one could be even bigger. When someone with JC's proven track record calls for 2,000%+ potential returns, our readers deserve to hear it directly. That's why we're organizing this emergency briefing. Join us on October 8th at 2 pm ET — RSVP HERE -- Ryan Fitzwater, Publisher My Profit Surge Trader room went quiet when I dropped a $1.80 call on AMSC yesterday. Not because the trade was expensive. Because I called it using a pattern most traders have never heard of. While everyone's hunting bull flags and pennants, I'm watching for woodpeckers. The Pattern Your Trading Books Forgot Most traders know the classics. Bull flag: price spikes up, then moves sideways. Bull pennant: compression into a triangle. The woodpecker? That's different. You get your spike high - the initial breakout. Then comes the pullback, just like any other pattern. But here's where it gets interesting: instead of random bounces, you see this series of higher lows. Each time price falls from resistance, buyers step in sooner than before. It's like a woodpecker hammering the same spot on a tree trunk. The top keeps getting tested, but each pullback finds support higher than the previous one. Creates this distinctive pattern: flat resistance on top, ascending support on the bottom. Why This Pattern Actually Works The psychology makes perfect sense. That flat top represents overhead supply - sellers stepping in at the same level. Maybe they bought higher and want out at breakeven. But those higher lows? That's accumulation happening in real time. Fresh buyers entering at better prices with every test. Eventually, the buying overwhelms the selling. When it breaks, there's nothing but air above. The AMSC Setup That Got Me Fired Up Yesterday's AMSC chart was textbook woodpecker around $62 resistance. |