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.
[button_1 text=”Educational%20Fibonacci%20Workshop%20″ text_size=”32″ text_color=”#000000″ text_bold=”Y” text_letter_spacing=”0″ subtext_panel=”Y” subtext=”Thursday%20June%207%20%E2%80%A2%20Click%20and%20Learn%20More” subtext_size=”14″ subtext_color=”#ffffff” subtext_bold=”Y” subtext_underline=”Y” subtext_letter_spacing=”0″ text_shadow_panel=”N” styling_width=”40″ styling_height=”30″ styling_border_color=”#000000″ styling_border_size=”1″ styling_border_radius=”6″ styling_border_opacity=”100″ styling_gradient_start_color=”#e41112″ styling_gradient_end_color=”#e41112″ drop_shadow_panel=”N” inset_shadow_panel=”N” align=”center” href=”https://ob124-cea4cb.pages.infusionsoft.net/” new_window=”Y”/]
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.
*************************************************************************************
Comments are closed.