A Bullish Morning Star On Support A Bullish Morning Star on support should catch a few eyes
A Bullish Morning Star On Support
A Bullish Morning Star on support should catch a few eyes. FBP was in a nice bullish trend from January to about June, June to now FBP has consolidated with a slight price dip and a rise creating cup like J-Hook pattern. You can see it on a 3-day chart. About nine days ago price challenged the June high and seemed to be winning; the last three bars have drawn a Bullish Morning Star pattern on a support, the T-Line, and the V-Stop.
For more details on the FBP trade, please click the following link. Get the complete details including Fibonacci details TV2020 trade plan right here
Past performance is not indicative of future returns
Good Trading, Rick, and Trading Team
HRC Monthly Trading Results Right Here Each, and every day we not only share trade ideas we also share how we plan to trade them.
Subscription Plans • Private 2-Hour Coaching
What is Rick is adding to his trade watchlist today? A 200% plus increase in 7 months can’t be all wrong. Right Here
SPY • Support Line Being Tested
It looks like the price will test one of our support lines we had drawn today $278.90. Our next horizontal support line is about $275.75, between the lines we have an ascending support line for the lows. If you take a look at the last five daily candles on the SPY, you can see the sellers have a better plan than the buyers do. Another chart I look at is; VT, and we were doing so well above $75.15, below $7515 is not too good for the bulls. Be careful the trade war issue will cause a choppy and perhaps a bloody market which causes blood in your account. Know when to step back!
****VXX – Keep an eye on the VIX it will help you the amount of fear that’s growing or leaking.
Focus Trading Education
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
To learn more about our trading tools join us in the trading room or consider Private Coaching.
Testimonial
This is not your usual service that sends out a ton of stock recommendations, and then cherry picks the winners to show you how great they are. Hit and Run Candlesticks and Right Way Options are truly educational services. They taught me how to trade not what to trade. The entire team: Rick, Doug, Steve, and Ed are there to help and answer your questions. They are awesome. They cut years off my learning curve. And it’s a team effort. Everyone in the room (all the members) are there to help with invaluable insights and advice. The only service you will ever need. Thanks to all the team for how you have helped me and for all you do. –Jonathan Bolnick
Rare to have a service teach you how they find their choices but, HRC/RWO teach you how to fish instead of fishing for you. And, your ideas are not panned but shared, implemented, or improved. Sharing is caring. –Thomas Bradly
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 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.
Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is not a licensed financial adviser nor do they offer trade recommendations or advice to anyone.