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| Hi Trend Trader, |
I apologize for the delay in the first issue of trend trading Machine to be sent out, but once you read this alert I am sure you will understand the importance in the delay until this morning. You see, there are not many sure things in trading and technical indicators, but one thing is for certain… When you see what might be a “bubbling up” of a Head and Shoulders pattern you quickly review your plans one last time. Early last week, we thought, would be the perfect time to launch Trend Trading Machine, with long term bullish momentum through the roof… but we saw the correction from the end of the year tax selling extend into the action Thursday and Friday. In other words, our launch ended up being a few day or even a week too early. But this is actually much better and will give us an even lower entry point for some of our longer term trades we are lining up in the coming weeks and months. And as I will show you, thishigh probabilitypesky head and shoulders pattern popped up Wednesday, at the very same time I started to talk about how to buy this product in the presentation. Of course, I couldn’t see the pattern fully play out at the time. And we needed to see how Friday’s action went before rethinking our entry. A quick scan of the market shows the 3 main elements to include the head and the shoulders and of course a neckline as well. See below: |
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| As you can see above, the Head and Shoulders pattern is confirmed with the distinct second shoulder (light grey circle to the right) forming after the peak (head) in the middle of the 3 grey circles. The grey box to the right is what happened after we launched the product and was a quick drop taking all the wind out of our sails for the first recommendation (we are holding on to that for now). And while we don’t have a crystal ball, we know this pattern will provide some temporary downward pressure in the coming days and perhaps week(s). Our algos agree with the chart above and showed us a sell order signaling the buying of a put on one of the BTC ETFs. All of this to say, we will be recommending the BITO $22 puts for the weekly options for January 24, 2025 as our first trade. Try to pay closer to $ 0.75 but the trade can work from $0.60 to $0.80. Please remember we will be exiting 50% at a 100% gain or $1.50. As a reminder we will be doing a Live Chart Room for Trend Trading Machine on Wednesday at 1pm Eastern. Please look into the website and look for the “Chart Room” Button to attend. Catch the Trend, Brad |
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| Brad Hoppmann Head Trader and Publisher Predictive Press A division of Trading Logic (with BaseCamp Trading and MicroQuant) 129,467 trading students A+ Rating by the Better Business Bureau 5-Star Rating on Trustpilot |
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