Archives for February 2021

Today’s positive trading is producing a bullish McMuffin pattern in the Dow, a strong signal implying the uptrend will remain in progress. Numerous fry pan bottom breakouts are producing inordinate profits. The classic pattern, a fry pan bottom pattern followed by a J-hook pattern, are also producing high probability trades. As long as the indexes continue to trade above the T line, take advantage of the pattern breakouts. There have been numerous fry pan bottom breakouts over the past two weeks, creating 10%, 15%, 30%, and greater one day profits. The pattern set ups allow candlestick investors to be in the right place at the right time.

The second phase of the fry pan bottom breakouts is in progress. Numerous fry pan bottom huge price moves have already consolidated and started back up, forming the classic pattern. The classic pattern is merely a strong price move created by the fry pan bottom breakout, the consolidation, and then the appearance of the J-hook pattern starting the next wave to the upside. Knowing what occurs over and over in human nature allows the candlestick investor to take advantage of price moves that not only have a high probability of being profitable but also inordinately profitable. The probabilities of being in a high profit trade are enhanced by the Candlestick Forum’s RARE program. Next week, a 12 page e-book will be available FREE to Candlestick Forum members illustrating how to utilize the RARE process, and how it can be applied to the strong sectors, such as the electric vehicle sector, for short-term and long-term trades. Candlestick analysis allows for pinpointing which pattern set ups are going to produce the biggest potential profits in these market conditions. Make hay while the sun shines!  www.stephenbigalow.com/rare

Chat session tonight at 8 PM ET. Click here to register.

Good investing,

The Candlestick Forum team

Candlestick pattern breakouts are excellent alerts! What was revealed in the Fry Pan bottom breakout in GME? It revealed there was a major change in investor sentiment. Are you always going to be able to participate in a stock price that goes from $20 to $500 in the matter of two weeks? The benefit of candlestick analysis is it puts the probabilities of being in that type of trade much greater. High probability! Candlestick charts allow investors to identify high probability/high-profit pattern results.

A candlestick pattern breakout provides investors with a high probability the direction of the trade is correct and the pattern breakout usually produces high-profit results. What further enhances the probabilities is the utilization of the Candlestick Forum RARE program. Research Analysis Reverse Engineering! Very simple, it allows for investigating what caused the pattern breakout. News items, some news items are relevant, indicating there’s going to be much more upside potential based upon new elements of the fundamentals of a company. Some breakouts will not be powerful, an analyst upgrade, merely a temporary change of stock supply and demand. The evaluation of whether a new price trend might be sustained is as simple as utilizing the T line. A position can be maintained as long as it stays above the T-line.

The Candlestick Forum chat room becomes an excellent source of high-profit trades. Numerous investors, all watching for the same pattern breakouts, produces a trading opportunity for identifying a major change of investor sentiment for profitable trades. Join us, you gain a huge advantage when identifying new strong buy signals. If interested in joining our members area click here.

Chat session tonight at 8 PM ET.

Good investing,

The Candlestick Forum team