Here's how it works... You have the bears, who push the stock down to the first support level. At this point, the bulls support it and the stock bounces higher. The bears push it down again... and the bulls support the stock again at the same level. When the bulls trigger this second bounce, that's when the "W" is formed. Now, this doesn't tell you anything unless the bulls are able to push the stock past what I call the "free and clear" indicator. Once the bulls do that, then you know they are in control. And that's when you make your trade. Let's look at a real-life example... Big Gains in Minutes Following our recent software trading tool launch, we confirmed a perfect setup. On November 21, the tool identified a "W" formation on discount retailer Dollar Tree (Nasdaq: DLTR). Here is a screenshot I took... The stock was trading at $162.50 at the top left corner of the "W." The bears pushed it down to the $159.50 level, but the bulls supported it and the stock bounced up to $161. The bears came back and again pushed it down... but the stock got support from the bulls at the same $159.50 level and then bounced back up. There are your two confirmed support points. As soon as the stock crossed the $161 level (the entry level based on my unique settings), that meant you'd hit the "free and clear" indicator to make your trade. The "W" was confirmed, and the bulls were in charge. And you can see once the stock got past $161, it kept going - all the way up to $163. The result? A 1.3% gain on the stock in just 15 minutes. But using my options trading strategy, you could have seen a 24% gain in 15 minutes. Both the November Dollar Tree $160 and $165 calls (expiring on the 25th that month) could have handed you gains as high as 24.00% or 24.54% while this "W" pattern played out. Mastering this one, single chart pattern could help you make fast profits - day after day. Yes, it's really that simple. Action Plan: If you want to see how you can take this chart pattern to the next level, I have something special to share with you. I recently debuted my new software in a live tutorial. This trading tool is the defining achievement of my career - and it could give you an unfair advantage in your trades. Click here to see how it works and get in on the action today. Yours in smart speculation, Bryan |
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