Bullish Engulf On Support
EGHT printed a Bullish Engulf over a Doji on support Friday breaking out of a bullish flag and the recent top. The trend has been normal with the opportunity with plenty buy areas. Once again I see the potential to ring the bell. With the market condition, any and all trades are risky We will discuss the trade details with our trade plan in our Members Morning Prep starting at 9:10 EST this morning.
Hope to see everyone at the members morning briefing 9:10 EST today.
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►Event Calendar Stay Informed
►SPY Up-Date
The SPY close Friday smacks dab on one of our support/resistant lines ($265.95) with nearly a Bullish Piercing candle. This price action may spark a little buying to the $270.90 are not likely to last in the current political environment. Tread carefully this week.
►Learn Our Tools and Trading Techniques
On November 13, Rick shared CBAY as a trade for members to consider and how to use the trading tools listed below. Currently, the profits could have been about 64% or $591.00 with 100 shares. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits. CBAY is back on the list with a Bullish Engulf.
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
►The VXX short-term futures
We did very well with our VXX trade last week and plane to trade it again with the time is right…Stay tuned
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Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.
Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.
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