A Doji Close – Indecision for the Day and no Chart Direction

From a Bull’s Eye SPY:

Friday’s Doji close was a day of indecision, and you can see from the 2, 3, 4, and 5-day charts you have the same Doji indecision. Even out to the monthly chart there are Doji candles. What all this means; is no direction, no decisiveness, bulls, and bears hoping the other leaves the game.

Banking stocks report this week, KBW, KBE, and FAS are currently trending down with the T-Line below the 34-ema. These 3 ETF charts KBW, KBE, and FAS could help with determining how and what you trade in the next few weeks.

FREE Trade Idea – IPXL

Daily Chart – The Bullish J-Hook pattern within the HRC (RBB) strategy broke out Friday suggesting more upside. For a possible 50% profit plus in more than one swing.

IPXL Trade Details on the members Trade Ideas Page.

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Spotlight Trade – AKRX

AKRX –  Popped 18% Friday coming out of the J-Hook continuation pattern and AKRX is up 34.83% after we posted it to our members on February 28. Please take a min and look at the chart – Could you have picked up 1 or 2 of those swings?

After breaking out into an HRC (RBB) pattern, AXRX gave us a Belt Hold, a couple of breakouts and a Bullish J-Jook pattern.

Bullish J-Hook Pattern

Spotting the J-Hook pattern is easy because it looks like the letter “J.” This pattern is part of up-trending price action that takes a little dip before resuming the trend. The key is to look for three or four candlesticks that have lower highs because this may be the beginning of the J-Hook pattern. Then the price will stop moving down and start moving sideways. The lows of the candlesticks in this part of the J-Hook pattern stay in the same range. You can draw a box around the candlesticks that form the bottom of the J-Hook. Price then starts to move higher and breaks up and out of the sideways price action. Read More.

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© 2007 – 2017 Hit & Run Candlesticks – Right Way Options – Strategic Swing Trade Service – Trader Vision – All Rights Reserved. Terms of Service Investing and Trading involves significant financial risk and is not suitable for everyone. No communication from Rick Saddler, Doug Campbell or this website IS NOT financial or trading advice. All information is intended for Educational Purposes Only.