Pushed Through Resistance and Tested
EGHT has pushed through resistance and tested the support with the trending 34-EMA following. On the 2 and 3-day charts I can see Bullish Morning Star type formations supported by the T-Line. The bulls could push EGHT to $22.00 plus.
Saturday, February 24th 5 Traders come together to share and teach. We still have seats available for the discounted pricing.
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►Listen to your Rules
Ok, I see a little price action trying to slip into the SPY chart but let’s not get excited until we have a trend reversal. Price has closed in the T-Line bands but not above the upper green band. The V-Stops are still pushing the price back. Once the there is a breakout of the upper green band and a supporting green V-Stop with a visual low high/low high we can talk bullish.
- Is there a Low High-Low High bottom?
- What is the 34-EMA doing in relationship to itself 20 -30 - days ago?
- What is the T-Line doing in relationship to itself 20 -30 - days ago?
- What is the T-Line doing in relationship to the 34-EMA?
- What is Price doing in relation to the T-Line and the 34-EMA?
►Learn Our Tools and Trading Techniques
On February 8, Rick shared SFLY as a trade for members to consider and how to use the trading tools listed below. Currently, the profits could have been about 24.5% or $375.00 with 100 shares. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits.
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
The VXX is still in bullish territory supported by price action, T-Line Bands and the V-Stop. 200-SMA is also nearby.
►Rick’s Swing Trade ideas
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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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