YNDX Is Forming A Bullish J-Hook Pattern

YNDX Is Forming A Bullish J-Hook Pattern

YNDX Is Forming A Bullish J-Hook PatternYNDX (Yandex N.V.) Is forming a Bullish J-Hook Pattern with the big September 1 candle followed by the lower highs then a higher high. The 34-EMA has maintained its trend after price gapped on July 13 and went crazy all over the place. The organization seems to be coming back in with the last 7 bars. Take a look at the 2-3-4-5 day charts.

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Learn more about Hit and Run Candlesticks, and today’s trade idea and plan plus the 10 or more members trade ideas, starting at 8:45 EST AM every morning with the HOG and then Rick at 9:10 EST. Every day we teach and trade using the T-Line, Candlesticks, Support and Resistance, Trends, chart patterns and continuation patterns.

Trade Updates – Hit and Run Candlesticks

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If you bought 100 shares when we posted to our members on September 7. Hit and Run Candlesticks members practice trade management and trade planning with Price and Candlesticks, The T-line, Trend, Trend Lines, Chart Patterns, Support, and Resistance.

 

Eyes On The Market (SPY)

Price and the T-Line – The T-Line (8-EMA) has been one of the most important tools in my trading tool box for a long time. And to this day it’s the only rival is price action itself. To keep this short; The T-Line will hold the lows (support) on a Bullish chart only giving way for very short periods of time or the time it takes to create a pattern. The same can be said for the Bearish side. I will ask myself, what is price doing compared to the T-Line and what is the T-Line doing compared to Price?  Another little tool I use along with the T-Line is the 34-EMA when using the 2 moving averages together, you can get an idea whether the leader is the Bull or the Bear or even the wondering weezel.

What is a Trade Idea Watch-list?

A trade idea watchlist is a list of stocks that we feel will move in our desired direction over a swing trader’s time frame.  That time could be one to 15 days for example. From that watch list, we wait until price action meets our conditions for a trade.

Rick’s personal trade ideas for the day MEMBERS ONLY

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Investing and Trading involve significant financial risk and are 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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