I want to share with you a swing trade setup that I think you’ll find interesting. Actually, the setup itself is nothing out of the ordinary as far as a swing trade goes, it’s where the setup occurs that makes for something intriguing. Let me explain…
A common swing trade setup is to buy on an upside reversal, often after a stock has pulled back to a moving average or another point of support. What I’d like to point out is if you see an upside reversal in the handle of a cup with handle pattern, you may have an opportunity to ride the stock higher with any momentum generated by a move through the pivot.
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