Bullish Constructed Double Bottom RBB Setup

Bullish Constructed Double Bottom RBB Setup

What do you get when you have a bullish constructed double bottom, a price action breakout of the 50-SMA on better than average volume followed by supported consolidation and a Bullish Morning Star? When the 200-SMA is the target direction, you have an (RBB) Rounded Bottom Breakout. COLL is set up as an (RBB) trade with the max target being 23%. The (RBB) set up is one of my favorite strategies and is a great risk/reward trade.

The Road to Wealth Update

As of the close 10/16/18, the account is on track with a 360% YTD. One of the strategies I use is the (RBB) Rounded Bottom Breakout. Tonight 10/17/18 I will be presenting a workshop on the (RBB) Rounded Bottom Breakout. To read more about it and Super Bonus Click Here. What would 360% do for you?

Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

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SPY • SP-500

The SPY is trying to build a bounce trade off the daily 200-SMA and the weekly 50-SMA. Yesterday the buyers came to town looking for a fight, they got it and won. Price closing over the Dotted Deuce yeast was impressive and positive but did not fixe the chart to be crazy bullish. I do see a Low and a high; now we need a test for a higher low and breakout of the high then we would have a tradable bottom in the SPY.

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****VXX – The VXX chart is currently being rejected by the 200-SMA, this very normal in this type of chart pattern.

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Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning, Fibonacci, Stoch/RSI

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Past performance is not indicative of future returns

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, Right Way Option, Trader Vision 2020, Top Gun Futures or Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

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