| Trade recommendations are enhanced by analyzing the direction of the overall market. Trade recommendations can utilize candlestick signals and patterns that produce the highest probabilities of a profitable trade.
The bobble breakout is a J-hook pattern with resistance levels that can be witnessed by all investors, usually at a major moving average. Bobble breakouts produce strong trade recommendations because of the high expected results. The Dow and the S&P 500 formed bullish engulfing signals in the oversold area right on the 50-day moving average.
Continued bullish movement in the overall market will produce wave three of bobble breakouts, implying not only a high probability of moving in the correct direction but also a high-profit price move. |
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