Hi Shoppers,
On Monday, I pointed out a bearish engulfing candlestick formation on the Abbvie (Ticker: ABBV) chart.
And it was a beautiful example of that indicator.
I thought it was going to be a huge winner.
All I needed was for ABBV to trade lower.
But guess what … it didn’t pan out.
That’s right.
ABBV traded higher, not lower.
So no trade was made.
This is why waiting for that confirmation is so important.
I also like to wait for at least one hour after the opening to enter a new trade.
Just remember, there is not one trading strategy that works 100% of the time.
Not one.
Now check out the following charts and be sure to wait for the confirmation and I personally would wait until after the Fed Decision:
-
Pfizer (Ticker: PFE)
-
Delta Airlines (Ticker: DAL)
-
CVS Health (Ticker: CVS)
You should be able to find something profitable in one of these.
Good luck.
Thanks for Reading … See You Next Tuesday.
Licia Leslie