Doji Sammich In A Rounded Bottom Breakout
WIN has presented us with a Doji Sammich in a Rounded Bottom Breakout Pattern. The T-Line and the 20-SMA have also started to rise. Recently WIN has been in a downtrend and back in February WIN planted its feet with a double bottom. We are looking for an about 20% trade with the normal bumps and hurdles.
The big game changer FOMC today. Let’s trade wise and profitable while preserving our capital.
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% •
[button_5 bg=”red” text_color=”dark” text=”reserve-your-spot.png” align=”center” href=”https://ob124-5a86cf.pages.infusionsoft.net/” new_window=”Y”/]SPY and Price Action
Yesterday was a Doji close above the previous days low of $268.62 and the higher high / higher low chart pattern is still working. Today is all about the FOMC and how the market reacts. Below $264.50 would likely create a bigger bear, above $273.50 the bull has a chance to do its job. Stay back from the edge.
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
Keep an eye on the VXX; it can give clues to the amount of fear in the market.
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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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