On today’s video I will walk you through an example of establishing a “weight of evidence” for validating a trade setup. There are four reasons for potentially looking to go LONG on AXLL right now: (1) one of my Powerful Price Patterns formed yesterday, (2) at a longer term moving average (logical support) in an established uptrend, (3) providing a low risk entry, (4) which falls within confluence with longer term Fibonacci Retracements. I give you exact entry and stop levels. Be sure to watch today’s video… and I hope this video helps you in your trading.
Todd Mitchell is the CEO & Founder of Trading Concepts, Inc. He's been trading since 1994 and has mentored over 12,000 traders from Wall Street to Main Street. He's an expert at developing strategies for creating more consistent daily, weekly and monthly income.
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