Linda Raschke: Three consecutive up bars in first 30 minutes signal bullish bias

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Linda Raschke: Three consecutive up bars in first 30 minutes signal bullish bias — Three up bars hint at bullish bias

Linda Raschke, founder at LBR Asset Management, observes that seeing three consecutive upward bars during the first 30 minutes of the trading day typically signals a bullish bias for the remainder of the session.

She also highlights that a previous day low (PDL) of 7548.25 serves as a key level for market direction.

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Raschke has recently noted buy signals in Russian equities and maintained a bullish outlook on gold, while saying crude's downtrend remains intact in a previous market overview. She also observed that the Peso traded sideways for seven months before a sharp move in mid-June, according to her commentary on currency trends. These signals illustrate her continued focus on key technical drivers in both equity and currency markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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