Any wrestling fans out there? When you think of the Bullish Mat Hold pattern, think of the bears as a determined but fatigued wrestler, trying to hold the bulls to the mat. After gaining control of the bulls, they make a few short pushes to lower the price, but they are ultimately defeated. They simply can’t match the bulls’ tenacity! Although the Bullish Mat Hold is known to be trustworthy and true, it occurs infrequently. For help spotting this bullish continuation pattern when it does make a chance appearance, review the information below and keep your eyes peeled!
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Rick’s Featured Trade Ideas
CARA/Long (Healthcare) RBB | T-Line™ Run | Support | Doji/Bullish Engulf | Morning Star family
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CARA| Plan your trade & trade your plan | April 13, 2016
Possible entry plan idea: Buy box $6.85- $7.35
Possible stop plan idea: Close below $6.44
Risk Reward 4:1 depending on entry/exit/stop
SPY: 2-ema vs T-Line™ Short term bulls in control
7:00 am: The Bulls were able to close back over the T-Line yesterday and above the $204.00 support line. A look at the morning futures suggests the Bulls will try and could possibly succeed breaking out of the sideways chop that we’ve been in the past couple weeks. A successful Continue Reading
