EAT – Bullish Over $32.00

EAT (Brinker International), Bullish over $32.00 and the Bullish Morning Star on the 3-day chart. The EAT chart has constructed a strong bottom with very good price action coming into a Rounded Bottom Breakout pattern. Understanding what you want out of a trade can help when setting up a trading plan. Price is King!

►EAT – Train Your Eyes, Can You Find the Following?

RBB pattern Doji Engulf pattern •Bullish rectangle• Bullish Morning Star • Doji continuation pattern • Hint, look at the 1 -2- and 3-day charts.

Good Trading – Hit and Run Candlesticks

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You could have profited more than 38% or about $675, with 100 shares when we posted to our members on August 8.

If you are interested in learning how to trade charts and end the week with a profit that could change your life simply contact us. Rick Saddler founder of Hit and Run Candlesticks offers private recorded coaching • Coaching Learn More With Rick you can also learn these trading techniques in our membership. – Get Started

► Eyes On The Market

Last week the SPY gave no clues that the Bears were starting to hunt, and for the open today, I still don’t see that. Friday price closed with a Morning Star pattern, and today we need to see confirmation. The open today will be a little soft but remember it’s the complete construction of the candle that we analyze. To stay away from the pain of the noise following fast, medium and medium + is very helpful such as the 3-8-17 or something close to that.

A close below $257.00 on the SPY would warrant a test of the October low.

Rick’s trade ideas for the day – MEMBERS ONLY

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Investing and Trading involves 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.