Monthly/Weekly Pattern within a Daily Pattern

Kody Ashmore, the Director of Weekly Options Strategies, covers a potential monthly and/or weekly pattern that may break out if the daily chart finds support.

Here’s what Kody covers in the video below:

  • Displayed the potential of a monthly/ weekly bull flag pattern may break out IF the daily rising wedge does break down and find support. Then it will form a cup and handle breakout to the upside (Yes, sounds like a lot! Check out the video to see what I mean).
  • Showed dark pool levels where support may hold
  • Demonstrated how I have been consistently pulling out +1% per day utilizing the drama free method

Since Kody’s main goal in trading is to be able to produce a weekly income for a source of living, short-term trading has always had his attention. Kody seeks to actively pay himself weekly while managing risk.

 

 

Up Next...

The Inevitable Pullback – Why Today’s Nasdaq Hammering Sets Up Our Best Edge for Buys

Friday, June 5, 2026  Hey Traders, If you’re feeling that sting from today’s Nasdaq drop, take a deep breath. We just saw the Nasdaq futures get hammered, and close down roughly -5.4% on the day, and it continued falling after the cash session closed. It’s this kind of move that I’ll be watching very closely … Read more

My Trading Journey: From New Mom to the VP of Options at Simpler Trading

Hey Traders, I’ve been thinking a lot lately about how crazy this journey in the stock market has been for me. These days, I have 3 kids and an amazing husband, and work from home in the San Juan Islands on our growing farm while I trade and teach others. I join media networks like … Read more

Volatility is My Love Language

May 29, 2026 Hey Traders, This stock market rally has been nothing short of phenomenal — and what I love most is how much of it is driven by real fundamentals, not just hype. We’re watching AI revolution stocks (semis, memory, AI infrastructure, energy, and space plays) deliver explosive moves around earnings. Companies are beating … Read more

Subscribe Today!

Want my up-to-date analysis, setups, top trading tips, and more? Be a Five Star trader, and join my free newsletter today!

Sign Up Now