We are back for another week of trading and today we have another high probability setup we are looking at for a potential trade. Check out my video break down of the stock that is on our watchlist for today.

Boeing (BA) broke its trend line support on route to confirming a bearish triangle pattern, a well-defined pattern makes it more visible to other traders in the market. Overall, we would expect this means the stock is poised to head lower should it break and hold below the level of support highlighted in the video below.

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Good Luck!

Christian Tharp, CMT