Following Up on a Powerful Trend

Back on May 3, I wrote about how I keep my trading process as simple as possible. [Jeff Clark's Market Minute]( Following Up on a Powerful Trend By Imre Gams, analyst, Market Minute Back on May 3, I wrote about how I [keep my trading process as simple as possible](. For example, I don’t clutter my charts with a ton of indicator studies and trend lines. This keeps my price charts highly legible and easy to understand. One look at a chart is all you should need to be able to identify the main trend and some key price levels the market is likely to test. Recommended Link [Master Trader Reveals his One Stock Retirement Plan Stock Pick]( [image]( Hi. Jeff Clark here. I am going to reveal the one stock I use in my One Stock Retirement strategy that enabled me to achieve financial freedom early, at the age of 42. I’ve used it to profit during any kind of market condition, including complete market meltdowns. And you can get started with as little as $100. [Watch my video here.]( -- Simple price charts also allow you to change gears quickly from reading the market to trading the market. On May 3, we looked at a price chart of Expeditors International of Washington (EXPD) as a case study. Here’s a version of the chart that I shared back then. [(Click here to expand image)]( This chart clearly shows how the trend in EXPD was down from May to September of 2022. A series of pivot points moving in one direction is a great way to identify a trend. We can see how from May to September the pivot points were all moving lower together. But in November 2022, EXPD broke the series of lower highs and lower lows. This was the first sign that EXPD’s trend was about to change. It was this break in the structure of EXPD that put me on alert to look for bullish trade setups. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. That’s why back on May 3 I wrote, “The actual trigger for me to get into a trade could be a bull flag, a falling wedge, a moving-average crossover, or any other number of setups.” As it happens, EXPD ended up tracing out a bull flag over the month of May 2023. A bull flag is when price action trades neatly within a descending parallel channel after a strong move up. Once prices break out of the channel, the flag is complete. You can see this bull flag in action on a four-hour chart of EXPD below: [(Click here to expand image)]( As you can see, EXPD traded within the boundary lines of the blue flag (blue lines) between May 5 and May 31 before breaking out on June 6. This is a great example of a powerful trend continuation setup. After breaking out of its bull flag, EXPD rallied over 4% in just 10 days. We now have a fresh higher high in the stock. If EXPD establishes a new higher low, then there will likely be another opportunity to trade the stock to the upside. On the other hand, if EXPD breaks down and the uptrend gives way, then there may be opportunities to play the stock on the short side instead. Either way, it’s important to keep an eye on the stock’s price action, particularly on what new pivot points will be established. Happy trading, Imre Gams READER MAILBAG Is there a trend you’re currently watching on a particular stock? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. IN CASE YOU MISSED IT… [“Amazon Loophole” Allows You to Collect Up to $28,544 Starting September 10th]( These folks got it made! Thanks to a little-known IRS loophole… They are collecting huge payouts from government-regulated “royalty programs”... every single year! [“Started from a zero balance... 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