Strong trend reversal signals are illustrated when there is indecision in either the overbought or oversold condition. A strong trend reversal signal is being illustrated in the Dow with a series of Doji’s. The Japanese rice traders teach us that when you start seeing indecision, expect a change of direction. Additionally, the NASDAQ is currently trading below the T line, improving the probability the bears are beginning to take control. In these market conditions, you want to use the most vital candlestick signals and patterns. As illustrated, the best friend signal was identified on Friday in CYH, producing the prospect of war upside. Also, the bearish flutter kicker signal reviews new downtrends in ZION and TFC. Knowing the strength of each candlestick’s signals and patterns allows investors still make good profits even when the market is not showing any direction. There are approximately 15 top-ranked candlestick signals and patterns that greatly improve the analysis of the trend direction as well as a powerful price move in that direction. Join us Thursday for training on the kicker signal, the strongest of the individual candlestick signals.
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Good Investing,
Stephen Bigalow
