Archives for January 2023

Candlestick reversal signals appeared in today’s market trading. This is not unexpected with the markets in the overbought area at technical levels everybody else was watching. The Dow formed an evening star signal, one of the 12 major candlestick reversal signals. The S&P 500 began a bearish kicker-type signal. Although the NASDAQ did not form a candlestick reversal signal, one of the changes identified in our Candlestick training is when prices gapped down and close back below the open of the previous candle of an uptrend. There will be a high probability of selling continuing. This allows for quicker closings of bullish positions that are starting to show potential weakness/sell signals. This information provides the candlestick investor with immediate information and allows for better profit-taking. Everything built into candlestick charts is merely common sense put into a graphic depiction. When do you enter a trade? When do you exit a trade? This is information that is much more identified, knowing what signals and patterns investor sentiment produce time after time.

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Good Investing,

Stephen Bigalow

Candlestick power patterns have been forming in these market conditions. Candlestick power patterns usually form in specific stocks to produce high-profit results. Market indexes. The NASDAQ and the S&P 500 have created strong J-hook patterns, a J-hook plus, and a bobble breakout, making the likelihood of the uptrend moving to identifiable resistance levels. Today the NASDAQ closed right at the 200-day moving average. This makes for easy analysis of how the market indexes open tomorrow. A positive open in the NASDAQ would reveal wave three was still in progress, not resisting at the 200-day moving average. The S&P 500 did not resist at an observable down-trending resistance level. Numerous J-hook patterns are performing well, and individual stocks. Take advantage of this information to put yourself in high probability/high profit expected pattern results. These patterns form because human nature works the same way time after time.. Join us for a free two-week trial to experience the information constantly conveyed in our chat rooms. The learning process is greatly expedited with a constant supply of good trade setups from experienced candlestick investors and with many helpful participants answering questions about why those trade setups

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

Good Investing,

Stephen Bigalow

Reading candlestick charts correctly significantly improves an investor’s profitability. Reading candlestick charts merely identifies the patterns and signals that have worked consistently. As illustrated in today’s trading, the NASDAQ confirmed a J-hook plus pattern, the S&P 500 confirmed a bobble breakout pattern, and the Dow continued to trade positive in the middle of a wedge formation. Reading candlestick charts produces a straightforward trading strategy. If the market indexes are forming candlestick patterns, numerous individual candlestick stock charts will likely be producing the same patterns. The candlestick forum teaches investors to recognize what is occurring in investor sentiment that will produce a high probability expected result. Prices do not move based on fundamentals! Prices move based on the perception of fundamentals. Candlestick signals and patterns represent what investor sentiment thinks about the current fundamental status of each stock. Once you learn the 12 major signals and the candlestick patterns, you have a much better grasp of what price movement will likely do. This alleviates listening to all the experts/talking heads on investment news stations. There is only one correct analysis! That is the market itself.

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Good Investing,

Stephen Bigalow