AFRM – Chart of the Week for April 19, 2024

by | Apr 19, 2024

Chart of the week this week is AFRM.

Quick message before we get started:
Gold has been on fire lately. And if you’ve been watching my free videos, you know that I see it going to the moon. But that’s over the long term… and who wants to wait?

Especially when I’ve been perfecting a strategy that triggers almost every week on GLD and has been known to capture double and even triple digit gains while being in the market for only 3 trading days. I’m going live on Monday to talk about it and you can save yourself a front row seat by clicking here.

Ok, now onto this week’s epic chart…

This Week’s Chart

Chart of the week this week is AFRM.

AFRM has a standard daily Market Roadmap (MRM)* bounce setup.

MRM is a simple trend pullback continuation pattern that has around a 70% chance to work out to the 127.2% extension of the pullback.

AFRM is a relatively new ticker, and for the 2 MRM bounces it has done in the past, it has a 100% success rate for hitting the target.

I like the odds of that!

So the entry is on a daily close above the 61.8% level at $42.35.

Then target is the $61 area.
Stop is on a close down below $28.
Simple as that.

The Chart

You can go check out my chart marked up with notes (entries, targets, etc) right here:

More Free Trade Ideas

I give out free trade ideas like this all the time on my daily morning show “Morning Monster”, as well as my “30 Minutes of Awesome” show Tuesdays at 5pm Eastern.

To get notified every time I go live with those shows, click here to subscribe to my YouTube channel.

Hope to see you there.

— Jeffry Turnmire


PS> *The RoadMap Line or RML is based on my Market Roadmap indicator. Market Roadmap is my custom-built TradingView indicator that helps me spot many of the trades I post, including this one. If you’d like to grab Market Roadmap for yourself — and get access to some of my private Discord channels, too  — just click here to pick it up for $5!

In my Discord channels, I give out EVEN MORE free trade ideas — so think about it: Between my free YouTube content, the Discord channels and the Market Roadmap indicator, you could have more trades than you can handle every single week!

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