The candlestick breakout patterns continue to work effectively in this market that is not showing any dramatic change of investor sentiment. Today CARA Gapped Up after a strong buy signal through the resistance level. The ability to recognize strong buy signals going into a resistance level produces extremely high probabilities of Big Breakout trades. They become much more effective when able to analyze the overall direction of the markets. Currently the market indexes continue to utilize the T-lineas an uptrending support level.
June 23rd Daily Market Comments
The candlestick breakout patterns continue to work effectively in this market that is not showing any dramatic change of investor sentiment. Today CARA Gapped Up after a strong buy signal through the resistance level. The ability to recognize strong buy signals going into a resistance level produces extremely high probabilities of Big Breakout trades. They become much more effective when able to analyze the overall direction of the markets. Currently the market indexes continue to utilize the T-line as an uptrending support level.