Hubert Senters here.

Let’s take a look at Dollar Tree. Ticker symbol DLTR so here’s the rule of the trade setup.

Number one is the ADX above $20? Yes. It is. It’s at $50.34. It means it’s trending. It means it’s going to go in either direction.

It just lets us know that it’s in a good mood and can either go up or down which is perfect.

Yesterday, it gap up into the bottom of the cloud and today it looks like it’s going to close below the standard line which is a good sign potentially that we can substantially go lower.

Now, we got a gap fill down here at around $87 so the trade would be as follows. Short it around anywhere below the $95 area should be decent.

First target would be $92 and then half a gap fill at about $90 and then a full gap fill around $87.

Stop loss would be something that you’re comfortable with. Let’s take a look at what else we got going on.

I’ve got two speaking spots at the Wealth 365 online event. Number one, what’s working for me right now. And number two how to find these trades.

I’m going to HYPERLINK you to the registration page. You know how to register for a webinar.

Good luck. Hope it helps. See you on the next video.

Hubert.