Even if you haven’t seen Hitchcock’s The Birds, I wouldn’t be surprised if the sight of two black crows circling overhead alarmed you. Crows are an omen, some believe—a portent of evil. Both in everyday life and in the world of Japanese candlesticks, they foreshadow bad news on the horizon. We’ve already discussed Three Black Crows, but even two crows can have a big impact. Enter the Upside Gap Two Crows candlestick pattern. A bearish reversal pattern, the Upside Gap Two Crows builds over three days and signals the start of a downtrend. Without feathers or beaks, how will you spot this pattern and understand its implications? Let’s find out . . .
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Rick’s Featured Trade Ideas
ADPT/Short (Healthcare) As you can see in the ADPT chart, the September high failed the August high with two shooting stars followed by a gap down and confirmation. Friday’s candle is a visual picture of the sellers taking control on large volume.
Education builds confidence for success!
I will be covering more on the Featured Trade Idea (entry, stop, targets) in the trading room at 9:10 AM EDT today.
ADPT Profits through education Sept. 28
Possible entry plan idea: Short box $Members Only
Possible stop plan idea: above $
Risk Reward ?:1 depending on entry/exit/Stop
Friday’s Trade Idea FB should be closed if it does not close above 92.65
I flipped FB from a long to a short Friday.
This is the place you ought to be!
AERI member’s trade idea on Sept 11, up 71%
AMBA/short member’s trade idea on Sept. 2, up 44 %
RTRX/short member’s trade idea on Sept. 2, up 18 %
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For only $2.74 a day, learn and earn at the same time!
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Rick’s Featured Trade Ideas
FB/Long (Technology Information) In the FB chart, Prices rallied back over the big three and the downtrend line. The recent pullback to the 50 day simple moving average appears to be offering a run to about $100 then 113.50. Facebook has been talked about in the trading room for the last couple of days as a trade. A few of us took it yesterday with a Bullish Engulf.
Education builds confidence for success!
I will be covering more on the Featured Trade Idea (entry, stop, targets) in the trading room at 9:10 AM EDT today.
FB Profits through education Sept. 25
Possible entry plan idea: The buy box $Members Only
Possible stop plan idea: below $
Risk Reward 8:1 depending on entry/exit/Stop
Yesterday’s featured trade idea TZA was bought and sold with a small profit.
Congratulations to Doug and Right Way Options for killing the CAT trade!
This is the place you ought to be!
NYMX member’s trade idea on Sept 15, up 28%
AMBA member’s trade idea on Sept 2,, short + 30%
EXEL member’s trade idea on July 17, up 62%
For only $2.74 a day, learn and earn at the same time!
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SPY: Here we are at the end of another profitable week, yes there were losses but with proper stops and removing your emotions the losses are controllable and when put up against the larger gains success is clear.
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What would you like—PB&J, grilled cheese, French dip, caprese, muffuletta, BLT . . . ? Or how about a Stick Sandwich? No, it’s not as appetizing as your other options, but the Stick Sandwich is the only sandwich to boast an important role within the world of Japanese candlesticks. Formed by three candles, the Stick Sandwich candlestick pattern can have both bullish and bearish implications, depending on the colors of the candlesticks. If you aren’t quite ready to add this candlestick pattern to your menu, scroll down to learn what the Stick Sandwich looks like and what it means for interested investors.
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