[RagingBull All-Access]
Undefined,
Trading is a skill that requires patience.
Thatâs why Jeff Bishop always educates traders on the importance of waiting for [a price that provides the best opportunity to strike.](
However, the market moves quickly.
And as they say⦠âIf you snooze, you lose.â
Jeffâs [Bullseye trade]( in Adobe (ADBE) last week was a perfect example of this, at least.
It literally blew straight out of the gate so fast that a few subscribers missed it.*
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Jeff doesnât advocate chasing stocks, unless heâs following a very specific momentum strategy.
In the case of ADBE this past week, the best opportunity was to [get in right at the open](, just before the stock took off.
It had the picture perfect setup, as it demonstrated all 3 characteristics of Jeffâs favorite [âMoney Pattern.â](
- A momentum stock
- Prices trading above the hourly lines
- A confirmed crossover
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As you can see, the ADBE had been on an upward trajectory throughout most of July.
After a correction, the 13 and 30 hourly moving average were entering a crossover, right at the 200-hourly line that was acting as support.
While a few of Jeffâs subscribers missed the opportunity to jump into this trade opportunity, it allowed Jeff to share an important lesson.
When traders [study Jeffâs training through his educational suite](, they can learn to anticipate opportunities like this quickly without help.
This ADBE trade just showed traders the power of learning to watch for Jeffâs 3 indicators on their own on charts that they follow.
Ultimately, Jeff wants everyone to learn to find these setups on their own!
Nevertheless, a bunch of subscribers still took the opportunity to successfully profit off this [Bullseye trade idea of the week](in ADBE.*
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Jeff always targets 100% on the first half of the trade on these Bullseye Trades ideas.
They are his highest-conviction trade ideas each week.
[Jeff releases his next Bullseye trade here tomorrow](.
[Get the trade.](
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To Your Success,
The RagingBull.com Team
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