Learn the Bull Sandwich Continuation Breakdown Pattern
Master Trader teaches many price patterns for trading stocks and options.
Then we see “where” that Setup is in connection with the overall trend and support/resistance on Multiple Time Frames (MTF).
Sometimes you might miss the original entry of the Setup and want to “get on board” after a stock or ETF has started moving.
Continuation patterns are how we objectively profit on trades that are poised to continue moving as predicted into the Price Void.
The Structure of the price pattern will speak to us about the relationship between buyers (demand) and sellers (supply) and the likelihood of reversals and trend continuation.
Using Bar-by-Bar Analysis, you will know what any price pattern signals — even one that can tell you to do nothing.
In this Trade Review we are going to show you how to trade a specific high-probability Continuation Pattern: the Master Trader Bull Sandwich.
Below is a daily chart of First Trust Dow Jones Internet Index Fund (FDN) - VIDEO:
You can see the trade Setup sent to our subscribers in real-time with Telegram text alerts, as well as in an Open and Closed Spreadsheet.
“4/18: First Trust Dow Jones Internet Index Fund (FDN) - Under $175.19, consider shorting the ETF. Bull Sandwich (i.e., two -WRBs engulfing a +WRB) Breakdown at 20-MA, Sell Setup and potent reversal weekly. Stop $182.46”
The Video further describes the Setup and trade management.
These Master Trader Bull Sandwich Setups were abundant last week with the markets’ bearish reversal.
The FDN trade was given to subscribers of our ETF Investment Trader where we were very heavily short. The Advisory Letter is still short FDN, as well as QQQ which was the same pattern.
This Service only trades ETFs over longer holding periods.
Note that the Master Trader Bear Sandwich (i.e., two +WRBs engulfing a -WRB) have a similar Setup but for long stock and option trades.
Nice trade!