Bullish J-Hook Continuation Pattern

The Price action in AUY is leading me to think yesterday’s Bullish J-Hook continuation pattern may be the beginning of money making a swing trade. Based on the chart patterns, trend, T-Line (that we discussed last night) support, T-Line Low, Volatility Stops. AUY might be a trade to the $5.50 area.

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Today At 9:10 AM ET. We will demonstrate live how AUY could be traded using our Simple Proven Swing Trade Tools

► Learn the Power Of Simple Trading Techniques

On August 31, Rick shared TLRD and how to use the trading tools listed below. Yesterday the T-Line profits would have been about 105% or $1250.00 with 100 shares. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits.

Candlesticks • Price Action T-Line • T-Line Bands • Support • Resistance • 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 • Continuation Patterns • Trade Planning… Learn More

► Eyes On The Market

So the market closed higher again yesterday, this has been the year for bullish T-Line Runs, profits and good times! There is not much to say about the market, seems the bears have given up. Here is a little fact I found looking at the chart…In the past 12 months the max distance between the 50-SMA and the closing price was about 4%, normally it looks like about 3% or so. Do you know what the distance is between the 50-SMA and yesterday’s closing price? Over 6%, so I have a question…How far will a rubber band stretch before it snaps?

The VXX short-term futures are still constructing a bottom based on the price action. Will the job die in bankruptcy or will walls go up? The chart is worth a thousand words.

Rick’s Swing Trade ideas

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Candlesticks • Price Action T-Line • T-Line Bands • Support • Resistance • 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 • Continuation Patterns

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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