OKTA Pattern Looks Bearish

OKTA Pattern Looks Bearish

The OKTA pattern looks bearish with a target around $46.60. The chart is showing us three failed tops, a Shooting Star that helped to kick off a Blue ice failure. Price has also broken below the T-Line Regression Lines. If price can’t take the 50-SMA back price may have to fall to about $46.60 to find safety and buyers.

YouTube for free education

If you are looking for free, high-quality education check out my YouTube Channel, over the years, I have posted videos on Candlesticks, eLearning and specific subjects and a great deal more. Also please let me know of any subjects you would like me to talk about on YouTube – Thank you https://www.youtube.com/user/ricksaddler?sub_confirmation=1

Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

[button_2 color=”red” align=”center” href=”https://www.youtube.com/user/ricksaddler?sub_confirmation=1″ new_window=”Y”]Join Our YouTube Team[/button_2]

____________________________________________________________

SPY • SP-500 What a Mess!

With over 740 earning reports this weak you would think the market would shake rattle and roll. This morning the futures are very slightly up ( no clue there). Friday price closed on the 200-SMA. The price pattern is drawing something, either a British “H” pattern or the second low in a Bullish reversal. There is not enough information to see clearly.

Subscription PlansPrivate 2-Hour Coaching

****VXX – The VXX chart is trying to put together a bullish J-Hook, right now the 200-SMA is keeping the monster back.

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

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

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

 

 

Past performance is not indicative of future returns

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, Right Way Option, Trader Vision 2020, Top Gun Futures or Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is not a licensed financial adviser nor do they offer trade recommendations or advice to anyone.

 

 

Comments are closed.