Archives for November 2022

The T-line is an effective trend indicator. It acts like a natural support and resistance level of human nature. It is an effective trend indicator because it’s got Fibonacci characteristics. Candlestick signals are the graphic depiction of investor sentiment. The T line is a natural support and resistance level of human nature. When you combine these two elements, you have an extremely effective trend indicator combination. As illustrated in the Dow over the past few trading days, candlestick sell signals performing in the overbought condition. This implied a strong probability of the Dow returning to the T-line area. The NASDAQ had moved excessively away from the T line. The T line has a truism, the further away you move from the T line, the higher the probability is going to come back and test it. Today the indexes opened lower but use the T line as a support. The close above the T line produces a high probability the uptrend is still in progress until there is a close back below the T line. This consolidation stage of the market allows candlestick investors to identify strong bullish chart patterns as well as strong bearish chart patterns. Simple candlestick scanning techniques allow the candlestick investor to potentially make good profits by having both long and short positions on when the markets are in an indecisive stage. Join us Saturday, November 19 for a full day training on how the T line greatly improves your visual ability to analyze when it is time to buy, when it is time to sell, and when to maintain a trending position.

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

Good investing,

Stephen Bigalow

Today’s market candlestick signals revealed a potential reversal in the indexes. The Dow produced a hanging man signal followed by a small shooting star candlestick signal today. This produces a much more accurate trend analysis. A lower open tomorrow would indicate a pullback at least to test the T-line. The NASDAQ formed a bearish Doji/Harami. This also provides a good trend analysis indicator. A lower open would suggest a pullback to the 50 day moving average/T-line level.

Having this visual knowledge allows the candlestick investor to move quickly and closing out long positions that are starting to show reversal signal confirmations. However, there still remains very strong bullish signals and patterns. The kicker candlestick signal continues to produce good profits even when the overall market starts getting bearish. As illustrated in the MRNA chart, the kicker signal started the uptrend. Maintaining the position is simple, as long as it does not close below the T line. Using the T line as a trend indicator in conjunction with candlestick signals greatly reduces emotional decisions. You gain a much better analytical perspective of price moves when using candlestick signals/patterns in conjunction with the T line. Join us Saturday, November 19 for a full day training on visually recognizing the high probability trades set ups using the T line as your major confirming indicator. This training should give you a new perspective on effective trading strategies. Click here for more information.

Members Chat session tonight at 7pm central. Free to Members. Not a member? Click here to join

Good Investing,

Stephen Bigalow