Ascending Triangle Breakout – BAS

BAS – Broke out of an ascending triangle yesterday after a gap five days ago. With a series of higher lows and capped tops, BAS gapped on 12/20 above the Upper T-Line. The following three days held support, and yesterday more buyers stepped in. There are three important areas, and I will be talking about them in the Pre-market education series. Why do some traders make money and some loose money on the same trade? Something to ponder, ask for the answer if you like.

At 9:10 AM ET. We will talk about the technical properties of TAHO with target zones, a couple of logical entries and a protective stop. We will also be showing our trade plan with risk/reward and expected profits.

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Boring, boring, boring is all I can say about this market. The bulls still hold the chips as of yesterdays close

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Learn how and what we trade: The T-Line • T-Line Bands • Chart Patterns • Support • Resistance • Patterns • Buy Box • Volatility Stops • Price Action • Candlesticks • Profit Zones • Entry Zones • Protective Stops

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.

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