Was Yesterday the Last Day of the Seven-Day Channel

Was yesterday the last day of the seven-day channel? Without true price follow through we can’t be 100% sure, but yes I think we are getting close. Yesterday’s lower low and Doji close in the channel was the market’s way of shaking off the dust. The morning futures are up, and the BULLS will attempt to close above $238.50. IF THEY FAIL, IT COULD TURN OUT TO BE A  BEARISH STORY.For now, the weekly SPY chart has painted a BULLISH Doji Continuation pattern.

For now, the weekly SPY chart has painted a BULLISH Doji Continuation pattern. The bottom line is the BUYERS and SELLERS are still squabbling over who gets the ball. Bullish follow through would paint a bigger picture BULLISH chart pattern.

FREE Trade Idea – IPI

IPI – (Bullish Harami 3-day chart) (Bullish Piercing candle 2-day chart) (Bullish Morning Star pattern daily chart)

IPI Story – has been in a bottoming construction pattern since January 2017. IPI has turned the $1.65 resistance into support. Watch for the breakout of the descending triangle.

This book provides a framework for the J-Hook pattern. The framework will help you to recognize the pattern and give you a trade plan for each pattern so that you can build confidence in trading them.

When starting out with new trading strategies it is best to stick with a basic approach. Once you have mastered the basics, then you can feel free to modify your approach based on your experiences. There is no one way of trading. Period! We all have to start with a framework and a basis to develop a disciplined trading approach and then build from there. That is what this book provides

Charts to Learn From – RRD

RRD-  Where can you have the opportunity for a 20% pop on your money in just a day or two? Answer – Right here at Hit and Run Candlesticks. We teach what to look for in a trade set up like the one in RRD. The double bottom, Bullish “w” pattern breakout, the run with a flag pull back, three days of a possible enter. We posted RRD to our members on May 4^th and on May 5^th it popped 20% with a 13.42 close.

Members Swing Trade Ideas

We post to HRC members 10-15 swing trade ideas each day and post them in the member’s area of the website.

Subscribed members

10-15 trade ideas below –  for members only

What is a Trade Idea Watch List?

A trade idea watch list is a list of stocks that we feel will move in our desired direction over a swing trader’s time frame.  That time could be one to 30 days for example.

From that watchlist, we wait until price action meets our conditions for a trade.

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is not financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service

Campbell or this website is not financial or trading advice. All information is intended for Educational Purposes Only.