Weekly Watch List: June 28th – July 2nd

Big profit breakouts are more likely to occur when you can analyze that the market trend is remaining in a consistent uptrend. This is the result of investor confidence continuing to build up as long as there is no selling fear. This makes breakout set ups more likely to produce high profit/high probability gains. Candlestick patterns, such as the fry pan bottom/J Hook set up in SPCE was a much greater probability with the market continuing higher. Do all candlestick patterns produce big gains? Definitely not, but the probabilities of a pattern breakout is much greater when the overall market conditions do not demonstrate any investor concerns. Our training this weekend revealed a number of pattern set ups that are likely to produce big breakout moves. Watch for the Candlestick Forum Breakout Alerts

Share