Archives for March 2021

The market indexes showed bullish signals, negating the strong sell signals of last week. The NASDAQ formed a bullish Harami on Friday with a gap-up follow-through in today’s trading. This immediately alerted candlestick investors to cover short positions that were not confirming. The Dow uses the T line as support, demonstrated by a bullish Harami signal. The analysis now infers that the bearish sentiment did not take control. This does not necessarily mean an uptrend is starting again, but it does imply that there is not any major selling off occurring. This still produces market conditions that allow for having profitable long and short positions established.

The electric vehicle sector has been in a profit-taking drift for the past six weeks. However, new bullish signals demonstrate the consolidation is over and the prospects of new strength coming into set sector is being observed. Note how QS and BLNK are showing good strong reversal patterns. AYRO can be bought aggressively on a bobble breakout on positive trading tomorrow. The Doji sandwiches also are appearing in numerous positions, creating very high probability trades setups. Note how the candlestick signals show the possibility of profit-taking and then illustrate when that profit-taking may be over. This visual information makes profitable trading much easier. Join us this weekend for a comprehensive two-day training on the logic and effectiveness of candlestick analysis. This is information that will improve your trading for the rest of your trading career.

Chat session tonight at 8 PM ET.

Good investing,

The Candlestick Forum team

The Dow produced a shooting star/Harami signal today in the overbought area. Look for lower trading tomorrow. This was accentuated with a bearish kicker signal in the NASDAQ. This combination produces strong probabilities that profit-taking/bearish sentiment is starting to take control. Today’s major candlestick reversal signals should immediately change the trade orientation of short-term and swing traders. The probabilities are extremely strong there will be more downside, you want to be trading in the bearish direction. A major advantage for candlestick investors is witnessing a change of investor sentiment well before most investors. Witnessing candlestick signals that are implying the bears have taken control allows for immediate closing of long positions that are not looking strong. Our recent morning and afternoon comments have been stressing to have both long and short positions in the portfolio. Individual candlestick signals provide much more clarity as far as assessing the direction of the overall market trend. This is information that you can utilize for trading candlestick analysis as your main trading platform or applying candlestick information to any trading system. The information built into each individual signal allows for a much more clear confirmation of price movements. Join us on March 27 and 28th for a two-day full comprehensive training on how to utilize candlestick signals. This will change your investment perspectives for the rest of your investment career.

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

Good investing,

The Candlestick Forum team

What do candlestick charts reveal going into the earnings? A very simple probability factor! What are the investors that know about a specific company doing right before an earnings announcement? If they are showing a lot of buying strength, they probably are anticipating a good earnings report, very simple. If they are selling off a stock going into earnings, that is usually a good indication you want to close out a position before the earnings report that afternoon. Does this always work correctly? No, but the probabilities are greatly in your favor by doing what the candlestick chart reveals. There will always be surprises. But the probabilities are using in your favor.

There has been a strong reversal in the electric vehicle sector. Last week, Tesla formed a very strong bullish reversal signal, indicating the downtrend was over. Bullish signals were also witnessed in many other electric vehicle sector-related stocks such as QS and BLNK. Having the ability to identify the reversal signals allows the candlestick investor to get into stock/sectors at the appropriate time. Join us on March 27 and 28th to learn all the high probability indications candlestick signals provide. This will definitely change your perspective on investing.

Chat session tonight at 8 PM ET.

Good investing,

The Candlestick Forum team