Today’s bearish engulfing signal/left-right combo in the Dow indicated they were not moving in the market up further. Witnessing this below the previous high is a strong probability indicator that investor sentiment has changed. This immediately alerts the candlestick investor to start closing out long positions that were not showing good strength. The previous three trading days produced an advanced block signal in the NASDAQ, indicating the diminishing strength of bullish sentiment. Utilizing this information allows the candlestick investor to move much more aggressively for closing out long positions that were not showing strength. This leads to our candlestick mini spotlight training oriented toward when to close out positions utilizing the information built into candlestick analysis. The candlestick signals and patterns allow investors to see when there is a change of investor sentiment well before the full-fledged selling occurs.https://special.stephenbigalow.com/101-profit-taking/
Chat session tonight at 8 PM ET. Click here to register.
Good investing,
The Candlestick Forum team