Swing Traders Love Rest and Rallies

In the past 20-days, Swing Traders have drawn two rest and rally patterns on the ODP canvas. We are currently in a rest period with a Doji and Bullish Engulf using the T-Line and multiple touches of $3.25 for support. The weekly chart is in a Rounded Bottom Breakout pattern/Strategy coming out of a little Cup and Handle pattern. It looks like the price action has its eye on a Swing Trade to about the 4.00 level with a couple of profit stops along the way. A Stop about 3.25 would keep the risk in check for us. More details see TV20/20 Blog

Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

This link takes you to a project account that Rick started so members and students could see how it works Monthly Trading Results updated the first week of each month.

What’s on Rick’s watchlist today? A 246% plus increase in 7 months can’t be all wrong.

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SPY •

Friday the SPY closed resting on the T-Line looking ready to do its job and climb higher. This morning the features are not totally in agreement with that plan. Today the Bull would like to see price action hold over the T-Line, build sup[port and prepare to challenge the August high. The bear would like to see a close below the T-Line so price action can challenge the $285.80 area. Right now we are in a state of “rest and test.” Price action rest while the bulls and bears fight an internal battle.

T-Line • Traders Best Friend

Last Friday was a 12-day T-Line run, will today be 13? Sorry, we’re all having to wait for the 4: PM bell for the final decision. We should have a few clues as the day moves on. As a rule of thumb the price action that controls the T-Line controls the direction.

****VXX – Thursday last wee price closd=ed over the T-Line and Friday closed back below the T-Line. Pre-market today has it back above…so far.

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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

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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.