Candle Pattern and Bullish Construction

The candle pattern and bullish construction are suggesting the buyers are interested at these prices. BW has been in a long-term downtrend and is now 78% away from the 20—SMA and 17% from the 34-EMA making BW a PINBALL set up. FYI, it was the Pinball set up and the T-Line that made the difference for me. Hobbyist trader to trading for a living.

We will cover more details about stops and entries in the HRC trading room. Live Members Morning Prep with Steve Risner at 8:45 AM Est. And Rick Saddler at 9:10 am this morning.

Testimonial

Rare to have a service teach you how they find their choices but, HRC/RWO teach you how to fish instead of fishing for you. And, your ideas are not panned but shared, implemented, or improved. Sharing is caring.

Thomas Bradly

SPY Showing Bullishness

The SPY is working hard to hold the bullish “W” pattern and keep the momentum after breaking out of the downtrend line. The T-Line is bullish to the 34-EMA, and the 34-EMA is still below the 50-SMA. If the bullishness continues, even with a test of the recent breakout the 34-EMA could be bullish with the 50-SMA. Price has entered the resistance area so I would be too surprised to see a test of the recent breakout.

VXX – Is now sliding back now that the market has shown bullish colors. At this point in the VXX, the trend is now bearish.

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Focus Trading Education

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, Fibonacci, Stoch/RSI

To learn more about our trading tools join us in the trading room or consider Private Coaching.

Testimonial

This is not your usual service that sends out a ton of stock recommendations, and then cherry picks the winners to show you how great they are. Hit and Run Candlesticks and Right Way Options are truly educational services. They taught me how to trade not what to trade. The entire team: Rick, Doug, Steve, and Ed are there to help and answer your questions. They are awesome. They cut years off my learning curve. And it’s a team effort. Everyone in the room (all the members) are there to help with invaluable insights and advice. The only service you will ever need. Thanks to all the team for how you have helped me and for all you do.

Jonathan Bolnick

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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