Looking at VECO Setting Up
We have been looking at VECO setting up the past ten days or so. VECO is creating a Pop Out od The Box Pattern with candle signal and patterns within the box, inside a Rounded Bottom Breakout. The buyers have been able to keep price above the V-Stop and the T-Line Low. You look at the daily 20day, 3-day 4-day and weekly chart you will see several little bullish patterns.
We will discuss the trade details with our trade plan in our Members Morning Prep starting at 9:10 EST this morning. members morning briefing
►Recently closed
WTW 21.9% • VIPS 118% • VXX 375% • TWTR 180% • QQQ 179% • QQQ 28% • TWTR 54% • OCN 37%
[button_2 color=”green” align=”center” href=”https://ob124-cea4cb.pages.infusionsoft.net/” new_window=”Y”]Fibonacci Retracements and Extensions Workshop[/button_2]►Event Calendar Stay Informed
►SPY Up-Date
The SPY finished yesterday with a Hanging Man up against the 50-SMA and pre-market we see weakness. If you have seen our indices charts, you have seen the Symmetrical Triangle. The conclusion is very simple; the sellers close us below the lower line the suggestion is we test the February lows. The buyers close us above the upper line suggestion is we challenge the January high.
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
►The VXX short-term futures
VXX weekly chart is a bullish setup, and the recent weekly candles are trying to mount an attack, over $48.50 the attack should heat up.
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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. 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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