SRNE Printed A Bullish Morning Star

On a weekly chart, SRNE has pulled back and printed a Bullish Morning Star Candle pattern. On a daily chart, SRNE has trended away from the 200-SMA for about 3-months. I see a couple of ways and reasons to trade SRNE, and a couple of pitfalls. I will explain to the members morning briefing and the monster profit potential.

Why will some make a darn good profit on a trade and others will struggle or even lose money on the same trade?

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►SPY Up Date

The SPY futures are down this morning, not surprising with chart formation Friday. When you take into consideration price action dancing around a Blue Ice Failure pattern, you’re likely to get a little washout. Plus we have not made a Low High Higher Low – Higher High yet. It is possible the Bule Ice Failure will be helpful in the process. If the sellers can get through the 200-SMA, this correction could get nasty, and we will love the short and Inverse trades.

►Learn Our Tools and Trading Techniques

On November 13, Rick shared BW as a trade for members to consider and how to use the trading tools listed below. Currently, the profits could have been about 59% or $273.00 with 100 shares. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits.

Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning

►The VXX short-term futures

VXX is showed signs of support Friday. A buy signal and chart pattern would be helpful clues for a buy.

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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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