Home » This Bull Flag Tells Me “Risk On”

This Bull Flag Tells Me “Risk On”

Published May 15, 2024

Hey, Ross here:

As traders, we need to be able to accurately gauge the market’s risk appetite.

And in today’s chart, we see a bull flag pattern that tells me it’s “risk on”.

Chart of the Day

This is the price of Bitcoin – a powerful proxy for the market’s risk appetite – printing a classic “bull flag pattern”.

This is one of the most bullish chart setups there is…

So, if you’re looking to pick up some Bitcoin, now may be a good time.

But the main reason I’m spotlighting this chart today is what it tells us about the market’s risk appetite.

Yes, at the moment, risk appetite still seems fairly muted.

But as Bitcoin’s bull flag pattern shows, market risk appetite looks likely to be setting up for a big surge upward (especially when you consider the recent meme stock activity as well)…

And that’s something we can definitely take advantage of.

Insight of the Day

Different stocks have a different “sensitivity” to risk appetite.

There are some stocks where the market’s risk appetite can soar – or plunge – and they’ll barely budge.

These stocks are extremely insensitive to the market’s risk appetite.

And then there are stocks that are the complete opposite…

Where the moment the market’s risk appetite returns – their prices completely explode through the roof.

Those are the stocks you want to be in right now…

And the good news is…

There’s a very specific – and highly proven – chart pattern you can use to uncover these stocks.

That’s why in just a few hours at 11 a.m. Eastern later today…

I’m going LIVE for a masterclass that will allow you to put this proven chart pattern to work in your own trading…

A pattern that has preceded fast triple-digit gains time and time again over decades.

After today’s masterclass, you’ll know:

The simple four-word acronym that will instantly allow you to uncover this chart pattern among thousands of stocks…

How to spot “imposter” chart patterns that could lead you astray…

And how to use this winning pattern to position yourself in stocks right before their price explodes upwards.

I’ll also spotlight a fast-moving opportunity this winning pattern has just spotted, so don’t miss your chance.

If you haven’t already, make sure you click here to guarantee your spot for my masterclass later…

And watch out for the login details in your inbox shortly.

I’ll see you at 11 a.m. ET sharp.

Embrace the surge,

Ross Givens
Editor, Stock Surge Daily

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Ross Givens

I bought my first stock when I was 12 years old. It was Microsoft. I’ve been a registered financial advisor. I’ve worked as a stock broker. I ran a managed fund. I was a Vice President at JP Morgan with Series 7, Series 66 and Series 3 securities licenses. I’ve been featured on Fox Business, CNBC, Bloomberg, and a bunch of other networks. The only thing I enjoy more than making money, is helping YOU make money.

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