The market trend confirmation is easily identified using candlestick logic. The market trend confirmation is established when witnessing candlestick reversal signals and the continuation of the trend breaking out through resistance levels and remaining above the T-line. This analysis is very important because it allows the candlestick investor to establish the appropriate positions regarding market direction. More importantly, it allows the candlestick investor to place trades from the most powerful candlestick reversal signals. The 12 major signals provide high probabilities of a price direction. The candlestick patterns illustrate a high probability of expected results based on human nature. The top ranked signals and patterns are the combination of signals and patterns that dramatically improve the probabilities of being in a correct trade as well as being in a strong price move trade. Join us Saturday for a full-day training that will fine-tune your analytic ability to pinpoint the strongest potential price moves.
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Good Investing,
Stephen Bigalow
July 21st Daily Market Comments
A consolidation day, the Dow has pulled back to the 50 day moving average, a common movement after breaking up through the 50 day moving average as a resistance level, now testing to see if it will act as support. It will be important to see the Dow stay above the 50 day moving average today. TSLA breakout is helping the electric vehicle/charging station sector.