So I have been practicing this pattern since I spotted it, and so far I am 100 % on this pattern alone. I call it The bat (although it could be called something else by "professionals" LOL). When I see a stock like this, I do not jump in when it is already high. I wait for the dip. The first turnaround is normally a fake out. The second turnaround may offer some real support. Mark that support, and use it as a possible entering point. I normally don't jump in on the first real support. I let it spike and come back down again so I can test the support I marked. If it hits it again, my interest increases. Normally I enter the third time it hits the designated support level, as it could surpass previous resistance. Normally it does, before it falls back down again. Just a little something I picked up a long the way because I want us all to be successful traders. This pattern happens almost everyday, all you have to do is wait. Good luck out there guys.