Downtrend, Double Bottom, Bull Kicker

Downtrend, Double Bottom, Bull Kicker

Downtrend, double bottom, and a Bull Kicker show up on a chart what do you get? Three great conditions! After the Bull Kicker DISH popped over the RBB Line and had held steady for the past five weeks. Current price action is challenging the $36.90 level with a Bullish “W” pattern breakout and a Doji Continuation pattern, (All within an “RBB” Rounded Bottom Breakout Strategy). The weekly chart also has a Candlesticks Morning Star Signal and price riding the T-Line.

I am bullish on DISH over $36.80 with a protective stop about $35.42. Don’t forget to subscribe to my YouTube Channel

Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

Everyone likes Pie

Are you getting your slice of the pie? We are here to help. Hit and Run Candlesticks, Right Way Options, Top Gun Futures.

Coaching by Doug, Rick Ed, Steve

____________________________________________________________

SPY

Friday was pretty slow, not much to report. Buyers are keeping the price above the T-Line, and the T-Line closed higher than it did a week ago. The August 29 high is still a problem for the current price. Our 17-day trend line is still pointed in a bullish direction.  FDX and ORCL report today, neither one is likely to have a huge impact on the market.

****VXX – Back below the T-Line suggest no fear

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

Subscription PlansPrivate 2-Hour 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, Top Gun Futures 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.

 

 

Comments are closed.