HBI Painting a Reverse Scoop

HBI is painting a Bullish Reverse Scoop pattern inside an (RBB) Rounded Bottom Breakout pattern. With the (RBB) pattern we are looking for the price action and trend too and through the Dotted Duece moving average and then follow through to the 200-SMA. Of course, normal price action will occur. The Reverse Scoop patterns is a Bullish reversal pattern that occurs, not always but mostly at the bottom. Take a good look at the Reverse Scoop pattern, 99% of the time you will also see a Bullish Inverted Head and Shoulder pattern.

Remember to check out the TV2020 blog for the trade plan. FACT: Education is the key to trading success.

SPY • T-Line Run In Play

Wow was yesterday a good day or what!, If you missed it check out the trading result on our website.

The SPY posted another higher close, as well as its friends, QQQ, IWM, and the DIA’s, are looking good with the futures this morning. In the SPY the higher highs and higher lows are working, and the T-Line Run is in play. The next number for the buyers to attack is about the $277.80 area, and support is about $273.05

VXX – (No change) The Red, the White and Blue indicator is signaling there is no fear in the VXX chart. Price is in a T-Line run down.

Rick’s Trade-Ideas Reserved for Members

Trading Results • Monthly • Quarterly • Semi-Annual • Annual

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

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. or Rick Saddler is to be considered 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.

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Let’s Shoot For 18% On DDD

With the current patterns on DDD let’s shoot for 18%.  The current trend has had several opportunities too own DDD, and there is one now. I see an Inverted Head and Shoulder pattern, J-Hook Continuation pattern, and a Morning Star signal. Don’t forget to look at the two days, three day and 5-day charts. Remember to check out the TV2020 blog for the trade plan. FACT: You cannot trade successfully without trading education.

SPY • More Buyers Than Sellers

Another fine day in the market yesterday, you gotta love this job. The price action in the SPY was a sign of the buyers flexing there muscle. A close over $273.60 today would indicate the buyers still plan to challenge the upper channel line. From the daily chart to the weekly chart you can see Bullish Engulfs, a Bullish Rising Method,  and Bullish Morning Stars not to mention the continuation pattern. VXX – The Red, White and Blue indicator is signaling there is not much fear in the VXX chart. Price is also below the T-Line

Rick’s Trade-Ideas Reserved for Members

Monthly • Quarterly • Semi-Annual • Annual

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

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. or Rick Saddler is to be considered 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.

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GLUU Recently Broke Out

GLUU had recently broken out and ran 20% before it needed rest to build another bullish continuation pattern. Continuation patterns rarely look as perfect as they do on paper, this is because when on paper the noise is usually cut out. But on a chart, you just can’t photoshop the noise out. Using price resistance and Fibonacci Lines we see 12 to 28% possible target zones in this swing trade. You can find the GLLUU trade Plan under “Free Trade Idea” “TV20/20 Trade Plan”

Fibonacci Retracement and Extention Workshop June 7, 2018

• Why do Fib Ratios Work?
• Why Should You Use Extensions instead of Projections?
• Answers to Common Problems Using Fibs.
• Where do you begin and end your drawing?
• Do we use Bodies or Wicks?
• Which Ratios should be your focus?
• How to Identify the major support/resistance Levels with Fibs?
• How to Find Entries with Fib Retracements?
• How to Set Targets Using Fib Extensions?

Don’t miss this powerful Workshop, when you know how Fibs works your work and determining profit zones becomes clear!

SPY Bullish Morning Star

For a Bullish trend you must have followed through, and higher lows and higher highs. Friday we saw follow through from the 3^rd major higher low that started in April. Fridays bullish follow through is what was needed to complete the Bullish Morning Star signal from last week. Our Red, White and Blue indicators are still signaling in favor of the Bulls. VXX – The Red, White and Blue indicator is signaling there is not much fear in the VXX chart. Price is also below the T-Line

Rick’s Trade-Ideas Reserved for Members

Monthly • Quarterly • Semi-Annual • Annual

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

Testimonial

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

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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. or Rick Saddler is to be considered 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.

*************************************************************************************

National Doughnut Day

Ya, it’s Friday and National Doughnut Day, being that it’s Friday we don’t usally post any trade ideas. As choppy as this markets been I don’t think it’s a great idea to be entering trades on a Friday’s and holding over the weekend. Rather it’s a better idea to close a few positions and take your money or even a loss or two. I just flipped through the recent trade ideas, and plenty looks like there set up and ready to run. FYI I don’t close all my positions before the weekend, but I do tighten up the account.

Trading Proof Provided

If you have been following the progress of my 2018 project “Road To Wealth” I have a little update. It looks like the account is up 175% ending with May, not to bad. The project started January 1, 2018, with $5,000.00, Starting June 1, the account is now worth $13,568.00.

Every month we have an educational workshop to help become a better trader. On June 6^th the workshop will be on Fibonacci Retracements and Extensions. Check it out Click Here

SPY Market

The is no doubt the SPY and the market has been a bit choppy and difficult to navigate from time to time we still think the bulls have the upper hand. The charts tell the story. Education is the key to beating the charts.

Testimonial

In the past eight months, I have been a fortunate member of Hit and Run Candlesticks Right Way Options. The education on a day-to-day basis is both informative and fun. The E-learning further cements the learning experience along with the educational archives and methodology. If you enjoy working with other members to solve mutual options strategies engagingly with a sense of purpose, then this membership can be yours.

Jerry Hefner

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

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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CDNA  T-Line Bullish Morning Star

CDNA has been trending for the past two months, on May 11, consolidation started which put CDNA on our radar. Yesterday price action broke out of the consolidation with a Morning Star signal (type) after a 3 bar Pull Back Opportunity (PBO). Using Fib lines and depending on the entry a 20-30% swing is possible. We are adding CDNA to our watchlist only at this time. We may or may not take the trade depending on price action and market conditions. Do you have the trading education to be a successful trader?

Trader Vision CDNA Trade Plan Click Here

Fibs An Important Tool For The Tool Box

• Why do Fib Ratios Work?
• Why Should You Use Extensions instead of Projections?
• Answers to Common Problems Using Fibs.
• Where do you begin and end your drawing?
• Do we use Bodies or Wicks?
• Which Ratios should be your focus?
• How to Identify the major support/resistance Levels with Fibs?
• How to Find Entries with Fib Retracements?
• How to Set Targets Using Fib Extensions?

Testimonial

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

SPY Bullish Morning Star

Yesterday the SPY closed with a Bullish Morning Star above the T-Line, the T-Line is above the 34-EMA trending, and the 34-EMA and 20-SMA are trending as well. The V-Stop has flipped from a one day red back to green. The April 18 candle is important for support and resistance, note that price action and the T-Line are above the April 18 candle. The next challenge for the SPY is $274.00. Overall we are bullish on the SPY, please read the VXX comments.

VXX – Price action closed the last 2 days above the T-Line and held fairly well yesterday. Still, below the trend line, a break above the trend line would be a clue of trouble in the market.

Rick’s Trade-Ideas Reserved for Members

Monthly • Quarterly • Semi-Annual • Annual

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

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. or Rick Saddler is to be considered 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.

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EXAS With An Ascending Triangle

We are adding a few trade ideas to our watch list. One is EXAS with an ascending triangle pattern. The Inverted Head and Shoulder and the trend have landed EXAS in an Ascending Triangle pattern. Finding support above the 20-SMA and the bullish piercing candle yesterday may be a clue that EXAS may be getting close to a breakout.  Note we are adding this stock to our watchlist only at this time. Without the proper education, there is a high probability you will lose your money.

Jump to the EXAS Trade PLan CLick Here

All Traders Should Have Fibonacci Education

• Why do Fib Ratios Work?
• Why Should You Use Extensions instead of Projections?
• Answers to Common Problems Using Fibs.
• Where do you begin and end your drawing?
• Do we use Bodies or Wicks?
• Which Ratios should be your focus?
• How to Identify the major support/resistance Levels with Fibs?
• How to Find Entries with Fib Retracements?
• How to Set Targets Using Fib Extensions?

Testimonial

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

SPY

Today is all about the $271.00 (area) resistance and whether or not the buyers can turn it into support. Working with support and resistance lines are very easy, the bull or the bear with can or can not. Yesterday the SPY was pushed down because of news which may or may not be important to the US stock market. Yesterday’s price action closed below the 20-SMA and above the 50-SMA. At the moment the bull is still bigger than the bear, price action today could make the difference.

VXX – The VXX yesterday had a nice bullish day filled with fear but the chart really didn’t get too far. Over $39.90 the market bear will get bigger and the bull will get sheepish.

Rick’s Trade-Ideas Reserved for Members

Monthly • Quarterly • Semi-Annual • Annual

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

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. or Rick Saddler is to be considered 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.

*************************************************************************************

I am Never Under Pressure To Trade

“I am never under pressure to trade” are good words for a trader to wake up to every morning. Good traders never feel pressured to chase or panic trade, while new and struggle traders night feel differently. Good traders never feel pressure to buy something every day, if they already have already had stocks in there creel they manage them. If they don’t, they wait until weather and temperature are just right, and they use the right bait. There are no trade ideas today because the bad weather has muddied the water, the bait and fish will be too hard to see. Our trading room opens at 8:45 AM – Hope to see you there.

• Why do Fib Ratios Work?
• Why Should You Use Extensions instead of Projections?
• Answers to Common Problems Using Fibs.
• Where do you begin and end your drawing?
• Do we use Bodies or Wicks?
• Which Ratios should be your focus?
• How to Identify the major support/resistance Levels with Fibs?
• How to Find Entries with Fib Retracements?
• How to Set Targets Using Fib Extensions?

Testimonial

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

SPY

Looking at the pre-market futures, we will open under pressure and below the T-Line today. Fridays close was a little weak with the RED, White and Blue MA’s closing below the 34-EMA on the hourly chart. With today’s weakness, there is a good chance the 50-SMA see’s a little action this week. Looking at the daily chart, the SPY is still painting a Symmetrical triangle which means short-term swings in a sideways direction.

VXX – The VXX will open above the T-Line on the daily chart, over $38.10 will indicate the fear is growing.

Rick’s Trade-Ideas Reserved for Members

Monthly • Quarterly • Semi-Annual • Annual

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

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. or Rick Saddler is to be considered 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.

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Stand For Our Flag

Stand for the flag and put your hand over your heart. We would like to wish everyone a safe holiday and please remember those that have made our country the safest and free’est in the world. The freedom we enjoy has come at a pice, don’t be sad, walk tall and stand proudly with the men and women who served our military.

Trading Proof

Thank you to everyone that was at the webinar yesterday allowing me to share my 2018 project “Road Map To Wealth.”

SPY Market

For the past eight days or so the candles turn has been forming what we call a pop out of the box if you talk a look at the three-day chart you can see it. Typically this pattern is a clue to a bullish move. Buying in the box is skeptical, but the breakout of the box is the trigger that the bulls are taking the next step to a run. The Red, White, and Blue are are in a bullish direction, the price is above the V-Stop and all nine days have closed above the T-Line.

Fibonacci Retracement Workshop June 7, 2018, Why Fibs Work • Where do I begin • Bodies or Wicks • Which Ratios • Find Targets

Testimonial

In the past eight months, I have been a fortunate member of Hit and Run Candlesticks Right Way Options. The education on a day-to-day basis is both informative and fun. The E-learning further cements the learning experience along with the educational archives and methodology. If you enjoy working with other members to solve mutual options strategies engagingly with a sense of purpose, then this membership can be yours. –Jerry Hefner

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

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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ALDR Confirmed Weekly RBB Pattern

ALDR has confirmed a weekly (RBB) Rounded Bottom Breakout pattern that potentially has 50% to our (RBB) max target zone. For the past two months, ALDR has been a trend and preparing to challenge the January 2018 highs, over $15.50 the probabilities will have increased. The weekly chart has drawn an Inverted Head and Shoulder We plan to add ALDR to our buy watch list and wait for the correct buy signals. There is no guarantee we will trade this particular stock.

We will cover more details about stops and entries in the HRC trading room. Live Members Morning Prep with Steve Risner at 8:45 AM Est. And Rick Saddler at 9:10 am this morning.

Subscribing Members –After the close today 4:10 pm , Rick Saddler will have a short presentation, room 1 password required

“Road To Wealth” 2018 Project

Testimonial

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

SPY Still Choppy

Yesterdays Piercing candle and the previous days Bearish Engulf, a guy could dizzy in this market. I have heard from many people that they win a trade then they lose a trade chop, chop, chop. Well, that’s what happens to most in choppy markets, a choppy market is when there is no real up or down direction, and the trader tries to predict a trend or direction. This problem is a simple fix, what until there is a breakout or a breakdown, the numbers I am looking are $275.00 for a breakout and $267.50 for a breakdown. Our Red, White, and Blue moving average trend still suggest bullishness, price action is just slow and sluggish right now.

VXX – Ran to the T-Line and the T-Line spanked it back down.

Rick’s Trade-Ideas Reserved for Members

Monthly • Quarterly • Semi-Annual • Annual

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

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. or Rick Saddler is to be considered 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.

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MDXG Confirmed RBB Pattern

MDXG has confirmed an (RBB) Rounded Bottom Breakout pattern that potentially has 40% to our (RBB) target zone. MDXG over several months has created a bottom and yesterday aggressively challenged the breakout area. The weekly chart has formed a run PBO Morning Star type pattern. Bullish over $8.10, We plan to add MDXG to our watch list and wait for the correct setup. There is no guarantee we will trade this particular stock.

We will cover more details about stops and entries in the HRC trading room. Live Members Morning Prep with Steve Risner at 8:45 AM Est. And Rick Saddler at 9:10 am this morning.

Testimonial

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

SPY Bearish Engulf

The May 14 candle has proved to be a bit more than the buyers can handle. The buyers gave into the seller, and the sellers posted a Bearish Engulf that almost guarantees a lower low the next day. Based on the morning futures the lower low is going to happen. The $270 line in is jeopardy of a test; the buyer might not fight too hard at the $270.00 line and save their energy for the 50-SMA. Yesterday in the trading room I shared the idea that because of the Bearish Engulf the close today (5-23) will be important because today is about follow through or not. Sure, glad we closed a few positions yesterday and kept our QQQ short we started last week.

VXX – Put together a Doji Bullish Engulf on a support line, today we should see a challenge of the T-Line. $37.50 would be the Dotted Deuce.

Rick’s Trade-Ideas Reserved for Members

Monthly • Quarterly • Semi-Annual • Annual

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

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is to be considered 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.

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