Marubozu Candlestick Pattern
Simplicity. It’s a lovely word and a very calming concept. After studying lots of complex candlestick patterns, it’s always nice to get back to the basics. Much like the Doji, the Marubozu candlestick pattern is a one-candle, easy-to-spot signal with a very clear meaning. It comes in both a bearish (red or black) and a bullish (green or white) form, and it commands attention with its long and sturdy shape. To learn more about how Marubozu candlesticks form, why they form, and what they can tell you about the current state of the market, please scroll down.
Continue Reading
Swing Trade Ideas July 10, 2015
One of Today’s Featured Trade Ideas
MX/Long (Technology) MX in the last four days has printed a Doji, hammer, inside day and a bullish gap closing above the T-Line and the 20 SMA. This is all on the daily chart. On the three-day chart, you can see a bullish morning star signal. Not to mention, it’s a Rounded Bottom Breakout with 20% to the 200 SMA.
MX Trading Plan (Entry, Stop, Target) Click Here
Something to think about:
Rule #10: Trade with a K.I.S.S plan
Continue Reading
Swing Trade Ideas July, 9 2015
One of Today’s Featured Trade Ideas
BDSI/Long (Healthcare) BDSI has formed a double bottom with the last six trading days forming a bullish flag pattern and a bullish J-Hook breakout. BDSI is also A Rounded Bottom Breakout Pattern. BDSI has about 50% to the 200 SMA H&R Members can find the trading plan entry, stops, profit targets in the members area.
BDSI Trading Plan (Entry, Stop, Target) Click Here
Something to think about:
Rule #9
Candlestick signals don’t have to confirm the very next day.
Continue Reading
