Archives for August 2022

Strong candlestick sell signals produce much stronger results when going with the market trend. Strong candlestick sell signals identified in the market indexes produce much greater probabilities of good short position profits. The Dow demonstrated Doji’s right at the 200 day moving average in the overbought condition. The Doji rule made it very easy to analyze whether the 200 day moving average was going to act as a resistance level. The lower open on Friday produced a high probability the market trend was heading lower. That was additionally confirmed with the NASDAQ gapping down on Friday and closing well below the T line. Unofficial statistic – a close below the T line after witnessing a candlestick sell signal is likely to produce a downtrend with a 90% probability or greater. You can greatly improve your profitability by knowing what the results are from candlestick signals, patterns, and the T line. If you already have a trading strategy that works reasonably well, adding candlestick charts will make the analysis of correct trades that much greater.

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Accurate trend analysis is a simple process when using candlestick charts. Accurate trend analysis is important whether daytrading, swing trading or long-term positioning. The probabilities are greatly improved by knowing the direction of the overall market, which would further enhance the confirmation of candlestick signals. Currently, the market indexes are in a consolidation stage but the nature of the indexes, illustrated by Doji’s, demonstrates a lack of decisive selling. When the signals occur at major support or resistance levels, the candlestick investor gets a much more clear evaluation of what the trend is likely to do. Accurate trend analysis puts the stars in alignment. Knowing the direction of the overall market using simple scanning techniques allows for identifying which sectors are acting the strongest during that trend. That can further improve investment probabilities by identifying the strongest chart patterns of individual stocks in that sector. This is the basis of candlestick analysis. It consistently puts the probabilities in your favor. Join us for our two-week free trial, allowing investors to experience the logic of our stock picks each day and expediting the candlestick learning process in the daily chat rooms. This is where good trade setups are posted by experienced candlestick traders as well as learning quickly why those trades are good potential.

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Stephen Bigalow

The strong sectors can be easily identified with candlestick analysis. The strong sectors have multiple confirmations. The signals and patterns can confirm what logical analysis would be implying. The lithium mining stocks have been acting well because of all the emphasis on the push for more electric vehicles worldwide. Have you ever witnessed information in the investment news area indicating likely bullish trading but then the prices do not move? That’s the benefit of candlestick charts! They reveal whether your analysis is correct. As seen in the lithium mining stocks, strong candlestick patterns revealed the buildup of bullish sentiment, fry pan bottoms. Additionally, if the vast majority of stocks in that sector are moving in the same direction, simple logic indicates investors are buying that sector across the board. The strength of individual candlestick signals, such as the kicker signal, also reveals when there has been a major change of investor sentiment in an individual stock. Join us in our chat room. Each day a good number of chat room members identifying what strong price move setups are occurring provides a constant supply of good trades and the rationale/explanation of why those chart patterns will produce good trades. This dramatically expedites the learning of candlestick analysis.
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Members Chat session tonight at 7pm central. Free to Members. Not a member? Click here to join

Good Investing,

Stephen Bigalow