BW – RBB Pattern Past 23 Days

BW – Has been in an (RBB) Rounded Bottom Breakout pattern for the past 23 days. Finally, on Thursday of last week, the Bulls made there move with  Bullish Engulf on good volume and Friday we say follow through. The Bullish Engulf found courage at the 50-SMA and after a Doji. If you know how the RBB pattern works then, you know the potential is amazing!

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► Trade Idea Update (DEPO)

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► Eyes On The Market

The SPY seems to be opening a weak little today near the T-Line, remember we don’t judge candles until they complete their construction in the time frame you are trading. After last weeks Hammer we will consider anything above $256.00 as Bullish construction. Below $256.00 suggest the sellers have taken more control if this is the case the 50-SMA may be their objective.

Rick’s trade ideas for the day – MEMBERS ONLY

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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.