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Jeff Clark, a master trader, presented his new trading system at the Countdown to Chaos event on October 3, 2023, which automates his decades-old chart-reading strategy to identify potential high-profit trade setups. TradeSmith’s software collaborated with Clark to produce a system that identifies “coiled spring” setups, which indicate stocks primed for significant price moves.
According to backtesting data, Clark’s unique trading signal has shown a 72% win rate over the past decade. During 2022, Clark recommended 12 trades that yielded over 100% returns. Recently, TradeSmith has introduced new structures in their platform highlighting stocks like T Rowe Price (TROW), Snap-On (SNA), and GoDaddy (GDDY) which show bullish convergence with positive market conditions.
Clark’s new system also analyzes “bearish divergence,” successfully forecasting stock declines 69% of the time when three moving averages diverge. For instance, Intuit (INTU) has recently seen a price increase from around $620 to $771, and this trend may be unsustainable according to the system’s analytics.
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