I Love Stock Charts Like a Kid Loves Ice Cream

Here are 3 of my favorite chart patterns to track. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

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View in browser Editor's Note: I'm not going to say I told you so, but... Back in July, right here in Wealthy Retirement, I mentioned Chief Income Strategist Marc Lichtenfeld's powerful discovery that making one investing move on the same day each month could've turned a $5,000 investment into potential windfalls of as much as $12,150 in February, $9,550 in March, $4,700 in April, and $18,400 in May. Then, just the second time Marc used this newfound strategy to issue a recommendation to his subscribers, he ended up closing it out for a 75% gain in only 31 days! Marc's next recommendation using this strategy is coming soon... Don't miss out. Click here to learn how to get access to this mysterious market phenomenon. - James Ogletree, Managing Editor FINANCIAL LITERACY 3 Chart Patterns That Cut Through the Market's Chaos Marc Lichtenfeld, Chief Income Strategist, The Oxford Club Every day when I turn on the computer, one of the first things I do is go through my stock charts. I like it more than a kid likes ice cream. The world is full of potential as I view the various setups and consider how I'm going to approach my trading for the day. I use technical analysis - the study of stock charts - to make sense of all the price data that bombards traders and analysts every second of the trading day. Analysts can make technical analysis incredibly complicated, and they often do. There are endless ways of analyzing price data. But the truth is, I don't use 90% of it. What I find most useful when analyzing stock charts is pattern recognition. Today, I'll review three of the patterns that I use regularly in my VIP Trading Research Service Technical Pattern Profits to help generate profits no matter which direction the market - or individual stocks I'm trading - is headed. SPONSORED He Picked Apple at $1... and Netflix at $2... Now He's Invested $100K Into This $5 AI Stock CLICK HERE TO FIND OUT WHAT IT IS The "World Record Pattern" The first is the World Record Pattern, or the bull flag pattern. It occurs when a stock makes a sharp move higher (also known as the "flagpole") and then consolidates for a short period. Once the stock breaks out of that consolidation, it typically moves higher by the same height as the flagpole. Here's a chart of Doximity (NYSE: DOCS) to show you what I mean. In August of this year, the stock jumped from about $26 to $37 in one day, creating a flagpole that was about $11 high. It took a breather for a few days, forming the flag, and then continued higher. View larger image   To figure out a price target, you take the height of the flagpole and add it to the breakout point. In this case, we'd expect the stock to reach $48 ($37 + $11). About two months after Doximity broke out, it reached $45. View larger image   On October 23, I recommended closing the position for a 45% options gain in just 40 days. Without a doubt, the breakout of the World Record Pattern is one of the clearest indicators of when a trader should buy... But what about when to sell? "Old Reliable" Old Reliable, or the head and shoulders pattern, is bearish. It's valuable for taking the emotion out of the decision to sell. Old Reliable has been ranked the most consistent chart pattern - and for good reason. This chart pattern is 83% accurate in predicting a stock's downward slide. It gives you a clear warning sign before your stock begins its dive. The head and shoulders pattern features three high points. The second, or the head, is higher than the first, or the left shoulder. But then the third, or the right shoulder, fails to reach the head, and the stock's trading volume decreases. This suggests that buying interest is drying up. Once the stock breaks the "neckline" (the line drawn from the bottom of the left shoulder to the bottom of the right shoulder), it usually slides lower. That means it's time to sell. Here's this pattern in action on Viatris' (Nasdaq: VTRS) stock chart. This was a rare occasion in that there were actually two right shoulders, but you can clearly see that the stock continued falling after it broke the neckline. View larger image   SPONSORED Yours Free! Top FIVE Dividend Stocks Right Now Marc Lichtenfeld - income expert and author of Get Rich with Dividends - is giving away his Ultimate Dividend Package... completely free of charge! You'll discover... An "A"-rated, ultra-safe dividend stock with a huge 8% yield Three of Marc's favorite "Extreme Dividend" stocks, which could supercharge your income And finally, Marc's No. 1 dividend stock for a LIFETIME of income. Click here to get the names and ticker symbols now... before the download link expires. **NO CREDIT CARD REQUIRED!** "Power Channels" To understand Power Channels - also called ascending channels - it's important to understand resistance and support lines. These are terms that traders use to describe price levels that act as barriers, preventing the price of the stock from moving outside of a specific trading range. The resistance line is generally the price that the stock won't push above. You can think of it as the "ceiling" for the stock. The support line is the floor of the stock's trading range. It's the price where traders feel the stock is too cheap, so they start buying again. Here's an example with Taylor Morrison Home Corp. (NYSE: TMHC)... On October 24, I sent a notice to my subscribers saying, "The stock is bouncing off of the bottom of its channel. ... Let's jump on the stock, expecting it to rise to the top of the channel in the short term." And then I recommended an option play to go with it. View larger image   This Tuesday, less than three weeks after I recommended the stock, I sent another alert that said, "[The shares have] reached the top of the upward channel... That's a good signal to grab our profits and move on." View larger image   Technical Pattern Profits subscribers had a chance to land a 49% gain in just 19 days on the options. Do you see now? Technical analysis isn't so hard when you know what patterns to look for and you can recognize them when they pop up on a trading screen. They'll help you remove the emotion from investing and give you a better chance to profit regardless of where the market - or a stock - is headed. Good investing, Marc P.S. Picture the perfect trading strategy for a moment... What would it look like? There's no doubt it would work in any market condition - bull or bear. It would probably target just ONE trade per month, saving you time and energy. And it would offer the potential for huge gains - we're talking triple-digit windfalls within 30 days. It might be hard to believe that such a strategy exists. But it does. It's all based on a phenomenon I call "The 23 Enigma." Go here now to see more for yourself. Leave a Comment BUILD AND PROTECT YOUR WEALTH Whatever You Do, DON'T Invest in the Wrong AI Companies. The Stars Align for Small and Microcap Stocks Alex Finally Reveals His Personal Investments! See Where He's Investing $100K+ The Sweet Spot for Small Cap Stocks MORE FROM WEALTHY RETIREMENT Is Smooth Sailing Ahead for International Seaways? Has AGNC Investment Corp.'s Dividend Gotten Any Safer? What Another Trump Term Means for the Market "Radical Responsibility": The Key to Building Wealth Facebook LinkedIn Email Share Push Alert SPONSORED Former Wall Street Insider Calls This His Biggest Gold Play Yet Karim Rahemtulla, the trader behind a 400% gain in 24-months on Rolls-Royce, has uncovered another potential multi-bagger. This under-$20 stock gives you exposure to over 1 oz of gold with the lowest production costs in the industry. And an upcoming announcement could send this stock soaring. Get Karim's urgent briefing — click here now. You are receiving this email because you subscribed to Wealthy Retirement. Wealthy Retirement is published by The Oxford Club. Questions? Check out our FAQs. Trying to reach us? Contact us here. Please do not reply to this email as it goes to an unmonitored inbox. 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