3-Day Doji Continuation Pattern

MLNX has broken out of a recent consolidation base and followed through with a low/high, higher/low pattern. For the last nine bars price has run the T-Line and on the 3-Day chart, we have a  bullish Doji Continuation pattern set up. Profit zones $85.00 ish then the $100.00 area with positive price action. Plan your trade and trade your plan.

We will discuss the trade in detail in our Members Morning Prep starting at 9:10 EST this morning. members morning briefing

Recently closed

VXX 6% • CAT 39% • TWTR 50% • FEYE 28% • OCN 39% • TWTR 54% • QQQ 28% • QQQ 179% • TWTR 180% • VXX 375% VIPS 118% • WTW 21.9% • Actual confirmed trades, putting my money where my mouth is.

Read the Chart

The SPY has pulled back to the 50-SMA and support, which means nothing unless there is bullish price action with following through. The T-Line is still above itself for the past 20 days, but the 34-SMA is below the 50-SMA.

DIA’s are still below the 50-SMA and trapped inside the chart pattern. The 34-SMA is below the 50-SMA, and the T-Line is below the 34-EMA…Somebody needs to wake the bulls up.

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The VXX short-term futures

VXX closed back above the 200-SMA, it’s trying

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Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.

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