August 29th Market Direction

The strong sell signals can be identified using candlestick patterns. The strong sell signals are created by the combination of the strong candlestick sell signals in conjunction with a candlestick pattern. The current downtrend of the market has been clearly identified with candlestick sell signals and a close below the T line. The most profitable short trades are being produced by the dumpling top breakdown’s. A dumpling top is the bearish version of a candlestick fry pan bottom pattern. Logic dictates that if there is a down trending market, we want to find the strongest sell patterns. Currently, the trading bias should be to the downside. However, crude oil prices are moving higher again, making the oil stocks good bullish trades. Take advantage of our two week free trial on our website and the chat rooms. This is where you can gain a lot of valuable insights into the logic and probabilities of candlestick signals and patterns.

 

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