Profitable candlestick trades can still be made when the market is in the summer doldrums. Profitable candlestick trades are easily identified using simple candlestick scans. The probabilities of a good strong trade improve when recognizing candlestick patterns forming in the market indexes. Those same patterns are probably going to be producing the high probability trades in individual stocks. Currently the J-hook pattern is continuing to produce good profitability in a lot of stock charts. The J-hook pattern forming in the indexes implied more upside. This instigated scanning for the J-hook patterns in individual stock charts, improving the probabilities of profitable trades.
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Good investing,
Stephen Bigalow
