Simple candlestick scanning techniques allow for identifying the big profit moves even when the overall market trend is very slow. The lack of any selling pressure in the market indexes allow fry pan bottom breakouts to perform. Simple scanning processes also identify what the results are from outside influences, such as the passing of the infrastructure bill. Steel stocks are benefiting. Knowing that sector is gaining investor sentiment, the candlestick investor has a huge advantage by identifying which stocks in that sector are going to benefit the most. This is illustrated in our recommendation of STLD, producing a J-hook pattern off the 50 day moving average and then breaking out into new territory. The simplicity of candlestick analysis allows an investor to constantly have high probability trades in their portfolio. This is based upon one simple factor, human nature works the same way time after time.
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Good investing,
The Candlestick Forum team
