How does a new trend begin? With a counter-trend. After a counter-trend, the next trade in the trade progression is the XTL Breakout trade. We are starting to see many XTL breakouts off of counter-trends. A great example is SPWR. You can see that it made a lower low in price with oscillator divergence. Today, The XTL breakout trade was triggered. I am long this stock on the XTL Breakout. My current stop is at $72.90. I will update this post if I move up my stop or if I am stopped out of the trade.
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