The market indexes continue to trade above the T-line. This provides high probabilities the uptrend remains in progress. However, the nature of the market is difficult to trade. It is still maintaining the characteristics it has exhibited for the past two months, oscillating during the trend. Up one day and down the next day. The markets are still very sensitive to outside influences. Today crude oil prices continued to go to low’s not seeing for decades. Fortunately, as mentioned in our stocks to watch YouTube videos of Sunday night, simple scanning techniques pinpoint which sectors are going to act the strongest. Biotech stocks and retail stocks were mentioned. Retail stocks did not move but numerous chart pattern confirmation provided strong profits in the biotech stocks. Identifying candlestick signals at pattern breakout levels dramatically enhances being in the right direction at the right time. This basic candlestick analysis is what is called 2+2. This is identifying a signal that illustrates a candlestick pattern breakout confirmation.
Numerous biotech stocks showed fry pan bottom breakouts. In spite of the markets trading lower today, candlestick scanning techniques provide a supply of profitable trades setups. Pattern setups moving toward observable resistance levels provides the candlestick investor with very easy trade entry strategies. This creates a trading program that consistently puts investment funds into high probability/high-profit trades. Join us this week revealing how the kicker signal, the strongest individual candlestick reversal signal, can be utilized for identifying strong profit trades.
Chat session tonight at 8 PM ET.
Good investing,
The Candlestick Forum team.
