Chartists can get a jump on a bigger breakout by trading the swings within a developing pattern. In this video, I will outline the steps to identify these setups and the triggers for the trade. We will start with the overall market environment and long-term trend for the underlying security. Attention then turns to the possibility of a bigger bullish pattern, the short-term swings within that pattern and the bullish catalyst. There are examples using the Mobile Payments ETF (IPAY), Sports Betting iGaming ETF (BETZ) and Cybersecurity ETF (CIBR).
You can learn more about ATR Trailing stops in this post,
which includes a video and charting option for everyone.
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