In this episode, Coach Matt discusses the trade identification, primary qualifications, and secondary qualifications for the Bullish Retracement technical chart pattern. Corrective retracements occur when the price on a chart comes down from a recent swing pivot high in an uptrend. The pattern is one of the core tradable patterns as taught in the S.T.E.P. System at Tackle Trading. Listen in to learn from the architect of the system in this week’s feature presentation.
Before that, Coach Tim and Matt analyze the current market conditions during the Market Skyline. Stocks have retraced from recent pivot highs on the indexes, Crude Oil broke out of short-term resistance, and Bitcoin is trying to stabilize after last week’s drop. Listen in to the coaches discuss what’s happening with inflation, regulatory risk coming out of China, Apple’s recent drop after a court ruling on the Epic Games trial, and sector analysis from a top-down perspective.