Are you hooked on Bearish Hook Reversal patterns? Probably not, but even so, it never hurts to add another candlestick signal to your repertoire. The Bearish Hook Reversal is considered an advanced candlestick pattern, which means that it offers a higher degree of reliability and can be combined with gaps to form profitable trading strategies. It is a short-to-medium pattern that signifies that a reversal will soon be on the way. If you want to hook a Bearish Hook Reversal, scroll down to learn what to look for and what to expect afterward.
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Rick’s Featured Trade Ideas
NHTC/Long (Consumer Defense) NHTC Is something I call a trend reboot. That’s when the big three have been running bullishly then price breaks down and brings the big three with it. Price then turns bullish putting the big three back in a bullish trend. In the past 10 trading days, a bullish flag has been formed and price will likely take on the June highs very soon.
Education builds confidence for success!
We go over all Trade Ideas (entry, stop, targets) in the trading room starting at 9:10 AM EDT today.
NHTC/ Profits through education Oct. 26
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Stop below $
Risk Reward 5:1 depending on entry/exit/stop
Recent Members Trade Ideas
Member’s trade idea October 12, (SA) currently up 30%
Member’s trade idea July 27, (GPN) currently up 28%
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Rick’s Featured Trade Ideas
EMR/Long (Industrial sector) EMR The chart has presented a Bullish Engulf followed by bullish follow-through, a flag pull back reversing off of the 20-day simple moving average and a bullish Doji continuation pattern. Ending up as a Rounded Bottom Breakout.
(EMR Earnings 11/3 BMO)
Education builds confidence for success!
We go over all Trade Ideas (entry, stop, targets) in the trading room starting at 9:10 AM EDT today.
EMR/ Profits through education Oct. 23
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Stop below $
Risk Reward 4:1 depending on entry/exit/stop
EMR Earnings 11/3 BMO
Something to Think About
Friday’s, a good day to take profits.
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Rick’s Featured Trade Ideas
AMCC/Long (Semiconductors) AMCC Has broken out of a bullish W pattern with a rally on the T-Line. Yesterday AMCC broke out of a bullish flag as well as the August high close.
Education builds confidence for success!
We go over all Trade Ideas (entry, stop, targets) in the trading room starting at 9:10 AM EDT today.
AMCC/ Profits through education Oct. 22
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Stop below $
Risk Reward 6:1 depending on entry/exit/stop
Members Trade Ideas
Member’s trade idea October 20, (ANGI) currently up 12% poised to move higher.
Member’s trade idea October 8, (VTL) currently up 26% PBO setting up.
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