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Todays Big Stock Wealthpop News

This Trade Setup Continues To Develop ⎯ Are You Paying Attention?

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As a continuation from Friday’s video, we wanted to expand on our trade idea from that day. In our last video, we had pointed out the two clear trend lines on the stock that are pretty evenly split when it comes to which could be tested.

This has given traders two setups to play. However, which one is the highest probability? That much is still somewhat up in the air. Remember, in trading, there are no guarantees. Instead, we must ask ourselves, which has the high probability of playing out. This is a great example of that.

Be sure to watch the video below to see how the setups may have changed, so you can prepare to play the setup up that is most likely to be triggered. As a new week of trading begins, one of these setups inches closer and closer to firing off the stock in either direction. However, the only way to keep an eye on which is to add this trade to your list of trades that you could take.

Don’t get too eager on any one of these setups with just watching this video and trying to predict which setup will fire. Look for confirmation of one trade over the other and act accordingly.

Learn to find these levels for yourself when you join The Profit Machine. There, you’ll learn all about my favorite stocks, setups, strategies, and plenty more. You’ll also be invited to weekly webinars where I answer questions and go over important trading lessons, like the one in today’s article. The best part, you’ll also receive live trade alerts. Not only will you get a world-class education, but you’ll earn while you learn.

Get a jump start on your options education and put yourself in position to win in 2023. Sign up today! Until then…

Good Luck With Your Trading!

Christian Tharp, CMT

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Christian Tharp

I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group. My Chartered Market Technician (CMT) designation substantiates me as an expert in areas such as the technical analysis of stock trends, market indicators, cycles, price patterns, Elliot Wave principles, Candlestick charting, analyzing financial trends and behaviors, portfolio strategies, and forecasting future price movements. With my straightforward approach to simple, systematic trading, students learn how to strategically assess buy signals and market entry timing, establishment and management of stop losses, and how to employ a simple and disciplined trading approach that creates profits.

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