Archives for June 2022

Candlestick sell signals in the indexes revealed the downtrend of the markets were continuing. Candlestick sell signals, when revealed at observable technical levels, enhance the probabilities the sellers are in control. The indexes formed evening star signals that showed sellers were taking control at the 34 EMA. The following selloff has brought all the indexes back below the T line, implying the downtrend remains in progress. This basic analysis allows investors to analyze which bearish charts will have the most powerful down move during a downtrend. Candlestick analysis provides a much more clear analytical process of whether the overall market trend is bullish or bearish. With that observation, identifying the strongest bearish charts produces much greater profitability by being in the strong bearish charts versus just merely down trending charts in a down trending market. Learn the 12 major candlestick signals and you dramatically improve your ability to analyze price movements.

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

Good Investing,

Stephen Bigalow

The best trades are found by using candlestick signals common sense. The best trades apply high probability signals in conjunction with confirming indicators. The indexes closed above the T line on Friday. Today was obviously a consolidation day. However, as long as the indexes are now trading above the T line, the assumption is the uptrend is in progress. Candlestick analysis allows investors to easily identify which trades will be the best trades during this current uptrend. Many stock prices will rise during an uptrending market. As a candlestick investor, we want to identify which stock prices are going to have the strongest price move during the uptrend. The Doji allows for the identification of many strong price moves. The best friend, the Doji sandwich, the double Doji setup are all excellent entry trades. Take advantage of the information built into candlestick signals. They not only put you in the right direction at the right time, but they also allow you to get into trades that are going to perform much better than the average uptrending price move.

Strong candlestick patterns can be enhanced when utilizing confirming indicators. The strong candlestick patterns that are occurring in this market consolidation are the J-hook patterns and the scoop patterns. The expected results of these patterns not only produce high probabilities of moving in the correct direction but also producing strong profit moves. The NASDAQ, after demonstrating candlestick reversal signals over the past few trading days has also produced bullish confirmation by closing above the T line today. Although the Dow and the S&P 500 are trading positive, they need more bullish sentiment to close them above the T line. The visual aspects of candlestick analysis make analyzing the market trend as well as confirming stock patterns much more clear as far as expected results. The confirmation of specific candlestick pattern set ups allow for much more accurate daytrading/swing trading entry strategies. Join us this Saturday, June 25 for a full day training on recognizing high probability daytrade set ups as well as utilizing the intraday charts to maximize the profits of a daytrade. Join us, you will gain insights that will dramatically improve your analysis of consistent patterns human nature produces.

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

Good Investing,

Stephen Bigalow