Archives for May 2023

Strong candlestick patterns produce a double benefit to the candlestick investor. Strong candlestick patterns are easily recognized as they are building up, and the magnitude of the move is going to be much stronger than merely an uptrending price during an uptrending market. Currently the J-hook patterns are producing high profit set ups. These pattern set ups provide the anticipation of a breakout, allowing the candlestick investor to enter a trade at the optimal breakout point. Join us Saturday, May 20 for a full day training on how to utilize the signals and patterns and the subtle confirming indicators that allow for the anticipation of the next major price move. Strong candlestick pattern set ups are easy to recognize. They gain additional recognition when using confirming indicators, most importantly the T line as well as the major moving averages. The combination of candlestick patterns in conjunction with the confirming indicators are visually recognizable, well before a new major price move is about to occur. You do not have to be a sophisticated technical analyst to take advantage of the information built into a candlestick chart.

The artificial intelligence sector is starting to show new strength after a few months of detrimental comments from the media on how devastating the artificial intelligence sector might be to humankind. The artificial intelligence sector is now getting commentary from analysts but artificial intelligence is likely to be a great benefit. Fortunately, candlestick analysis pinpoints when a sector/stock is getting new attention and illustrates the exact timing for getting into new price moves. AI was a stock that had a good breakout through the 50-daymoving average after a candlestick pattern setup. Numerous subtle investment sentiment indicators built into candlestick charts are not necessarily reflected in the major candlestick reversal signals. Join us this Saturday, May 20 to learn the subtle inferences built into candlestick charts that will enhance your learning ability to identify when a price move is likely to reverse and/or continue.

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

Good Investing,

Stephen Bigalow

The Google breakout could be easily identified when using candlestick patterns. The Google breakout was based upon a pattern breakout through an obvious resistance level. Recognizing these type of patterns and levels that everybody else is watching provides a great advantage to the candlestick investor. These are the type of trade setups that put investment funds in high probability trade expectation situations. The market in general has been drifting lower with no evidence of bullish sentiment. However, the NASDAQ has been showing strength which made for the prospect of bullish trade setups occurring in the NASDAQ related stocks. Candlestick analysis is merely the identification of major changes of investor sentiment. Applying other indicators to the analysis improves the probabilities of being in the right trades at the right time. Strong candlestick signals and patterns produce high probability expected results. This becomes a function of applying numerous confirming indicators to the visual analysis. Join us Saturday, May 20 for a full day training on the subtle indicators that greatly enhance the identification of strong price moves about ready to occur.

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

Good Investing,

Stephen Bigalow