Today’s bullish trading created candlestick patterns that illustrated the T line is acting as support. The J-hook pattern is one of the most consistently profitable candlestick patterns. It illustrates a continuation of bullish sentiment after some profit-taking. Today, the NASDAQ and the S&P 500 clearly illustrated J-hook pattern setups, using the T line as a support level. Knowing what human nature produces as reoccurring patterns allows the candlestick investor to gain a huge advantage in knowing how to analyze price trend movements. These patterns can be applied to the general market trend as well as individual stock trades. Our daily chat room has many experienced traders that identify the high profit/high probability pattern setups. This allows investors to learn very quickly which trade setups will work most effectively. Numerous J-hook patterns were identified in today’s trading which logically coordinates with the market indexes creating J-hook patterns. The visual aspects of candlestick analysis consistently put the probabilities of being in the correct trade at the correct time. A major benefit of the J-hook pattern is being able to calculate relatively accurately what the magnitude of the next price move will be. Join us for a two-week free trial if you are not yet a member of the candlestick forum chat rooms. You will gain great insights into what moves prices.
Members Chat session tonight at 7pm central. Free to Members. Not a member? Click here to join
Good Investing,
Stephen Bigalow
