One of the most high probability candlestick patterns is the Doji sandwich. A strong candlestick signal followed by a Doji, will usually produce another strong candlestick signal on a positive open after the Doji. The Doji rule. The market indexes continue to trade above the T-line but are still in an indecisive stage. Fortunately, this allows for identifying strong bullish candlestick signals/patterns when the overall market trend is not illustrating any strong selling. The NASDAQ appears as if it wants to form a J-hook pattern. This would imply investor sentiment would remain bullish for the next few weeks. Anticipating wave 3 of the NASDAQ trend to be equal to wave 1. The electric vehicle sector picked up some strength with Biden announcing more money going into the electric vehicle sector.
Weekly Watch List April 19th – April 23rd
Candlestick signals produce an extremely high probability result. This is based upon observations and application by the Japanese rice traders over the centuries. Join us Saturday, April 24 for a mini spotlight training on the basics of candlesticks. This information will produce a new perspective on how to identify the changes of price trends. Wouldn’t you like to be able to identify high profit trade potentials on a consistent basis? Join us this Saturday. You will get much more information than you anticipate. Click here for more information.
The market trend is easily assessed knowing what each candlestick signal and pattern illustrate. This allows the candlestick investor to be positioned in the right trades at the right time. Currently, the uptrending indexes remain above the T-line, producing strong probabilities the uptrend remains in progress. This evaluation remains in place until witnessing a strong candlestick sell signal. Knowing there is not any major change in the current trend allows for taking advantage of the high profit candlestick pattern breakouts that produce big trade results. Knowing the 12 major signals produces a huge analytical advantage, whether using candlestick analysis as your primary trading method or applying it to any trading method that you are currently using. It will dramatically improve your analytical capabilities.
Weekly Watch List April 12th- April 16th
The Dow is showing good strength in the sense that is consolidating in the uptrend, revealing the lack of exuberance coming into the markets. The NASDAQ has picked up good strength ever since the best friend signal, followed by additional gap ups, revealing excessive strength in investor sentiment. The portfolio strategy remains simple. Continue to trade the candlestick pattern breakouts, which are performing well with the lack of any bearish sentiment showing in the overall markets. This also makes for good strong profits in option trades, as revealed in our option training this weekend. The benefit of candlestick analysis is it provides clear graphics of when the bulls are taking control with excessive strength. The best place to look for strong trades is identifying the candlestick powers signals that have developed in the oversold area. This creates high probability/high profit trade set ups.
Watch the biotech’s and the medical equipment stocks. The Biotech’s are showing good strength,CARA. ATNF,MRNA, GRFS and OCGN can be bought on strength. It was pointed out by Cramer this week. Expect some follow-through with the additional exposure. The medical equipment stocks are also acting well,EYES, STKS, EKSO. Although the market indexes remain in a good uptrend, trading is still reliant on strong sectors. These are being pointed out by simple candlestick scans.
Weekly Watch List April 5th – April 9th
You can maximize profits by applying the correct option trading strategy to the correct candlestick pattern breakout. Because candlestick analysis is simple, candlestick option trading strategies are simple also. You do not have to learn difficult option strategies. Join us this Saturday for a full day training on how to apply simple option trading strategies to the appropriate candlestick pattern. You will gain some valuable insights and you will keep it simple.
The NASDAQ showed excessive bullish confirmation following the double Doji set up, an extremely high probability trades set up. It provided additional bullish confirmation by gapping up through the 50 day moving average and continuing to trade positive. This is making strong sectors excessively strong. This allows for putting all the stars in alignment. Accurately assessing the overall market trend, identifying the strongest sectors in the uptrend, and then identifying the strongest stocks in those sectors. This dramatically improves the probabilities of being in the correct trades at the correct time. This is based upon one simple indicator, normal human nature.
Weekly Watchlist March 29th – April 2nd
Simple candlestick charting techniques help maximize profit-taking. Using the T-line rule, when prices move too far away from the T-line, on a daily chart, simply move to the 10 minute chart to show when there is a change of investor sentiment. This process allows investors to maximize a profitable trade well before it starts heading back to test the T-line. This was demonstrated in a very strong profit VIAC short trade this week. When prices move too far away from the T-line, that becomes a simple alert for being prepared to start taking profits. This is the result of reoccurring human nature reactions. The Dow is in the process of forming another bullish J-hook pattern, the S&P 500 also following that pattern set up.
This implies more upside, especially with the strength being exhibited in the transportation index. The NASDAQ trading positive is still in a sideways wedge formation, at least indicating the lack of any major selling pressure yet in the market indexes. This demonstrates also that specific sectors are starting to show bullish signals. The steel company sector has very strong charts,X, SCHN STLD,ZEUS, AA,RYI. The metal mining companies are also acting strong, BBL,MT,SXC,NUE, CENX, TMST, CMC. J-hook patterns in the Dow and S&P 500 imply more upside in the markets.
Weekly Watch List March 22nd – March 26th
The indexes started showing strong selling this week, the Dow formed a bearish shooting star signal that was confirmed in Friday’s trading. The next confirmation will be to see if the T line is able to act as continued support. Lower trading on Monday would indicate the selling has started. These short sectors are currently auto dealerships, ABG, CPRT, SAH, LAD, PAG and retail stocks CATO, LE,TITN, TLYS. The electric vehicle sector is showing some good potential trade setups, ROOT, BLNK, QS,m XPEV, LI, CBAT. The gold sector is starting to show bottoming action. These market conditions are starting to warrant adding more short positions to the portfolio if the T line does not hold on the Dow.
Weekly Watch List March 8th – March 12th
Explosive profits can be made utilizing the kicker signal! The kicker signal is the strongest candlestick reversal signal. It illustrates a dramatic change of investor sentiment. Utilizing the candlestick RARE process allows the candlestick investor to participate in high profit trades with a high degree of probability. This was illustrated in the huge percentage move in EYES. Research analysis reverse engineering indicated there was great future upside potential for the stock price. Was anticipated to occur all in one day? Not necessarily, but the great advantage of candlestick analysis is it puts you in trade positions where the probabilities are extremely strong that you will participate in big price moves.
Although the market indexes traded very strong bullish on Friday, the Dow did not actually produce a reversal signal. This implies there could be more upside but not with the same probability as if an actual candlestick reversal signal had occurred. Oil and gas stocks have produced strong reversal signals/patterns. MNRL. PVAC, OII, NOV, APA, FTSI, PTEN. Homebuilders are showing good strength, GMS, CNR, LEN, TPC. Utilize the strong candlestick signals and patterns to improve the probabilities of being in the correct trade at the correct time.
Weekly Watchlist February 8th – February 12th
You can easily identify where a high probability trade breakout is likely to occur. Candlestick signals and pattern breakouts are an immediate alert there has been a major change of investor sentiment. Take note of our purchase of OCGN at $.73. The Candlestick alert showed something had changed investor sentiment after trading flat for months. Evaluating their news report on that day provided insights as to what the company was doing and what their future prospects might be. What did our RARE process reveal? They have been approved for co-vid vaccines in India, which eventually has been allocated to the US market. Prior to the breakout, there was no way of knowing about this company. Friday, it closed at $5.25, up 62%, and eventually close at $8.62 after hours. Does every candlestick chart provide this type of return? Definitely not, but the probabilities of being in a correct trade and (a correct trade that has the potential of big price moves) are greatly in the candlestick investors favor. What did the RARE reveal on Friday? Results are indicating OCGN’s vaccine results are showing better than the existing vaccine results.
Weekly Watch List February 1st – February 5th
The T-line rule – a very strong statistical probability! When prices/trend close below the T-line, the probabilities are extremely high that investor sentiment has changed, a downtrend is in progress. This was illustrated in both the Dow and the NASDAQ this week, the NASDAQ closing below the T-line after gapping down from indecisive trading formations, a hanging man/Doji. For the past few weeks, the indexes have been demonstrating indecisiveness, multiple Doji’s and indecisive trading days. The Japanese rice traders demonstrated that when you start seeing indecisive trading in overbought condition, start watching for a reversal. Obviously, the reversal has started, with the likelihood of the indexes heading for the next support levels. This makes trading very simple, when the probabilities are the markets are heading lower, closing out long positions that are starting to look weak and adding short positions to the portfolio dramatically improves the probabilities of being in correct trades.
Weekly Watch List January 19th – January 22nd
Free sample! The electric vehicle industry
Take advantage of a free sample that you do not want to miss!
The Candlestick Forum is providing a service that can make huge profits for short-term traders as well as long-term investors. Learn how to produce large potential profits in the electric vehicle industry. An assumption, the electric vehicle industry is not only here to stay but likely has a huge market potential over the next few years.
This makes simple candlestick scanning techniques valuable to the short term trader as well as a long term investor. The electric vehicle industry is growing rapidly. Why? Two important elements!
1. Clean energy! This is the most powerful aspect of the popularity of electric vehicles.
2. Technology! The technology in the power generation/batteries of electric vehicles are advancing exponentially.
But there is the major problem of investing in the electric vehicle sector.
Which company will have technology that will make another companies technology rapidly obsolete? This is where candlestick analysis provides a huge advantage for investors. Wouldn’t you like to be able to rapidly identify which companies are creating a technological advantage?
There are currently over 50 companies in the process of producing fuel-cell energy and battery-driven vehicles. How do you know which companies are going to lead the industry? Candlestick analysis makes that very simple to evaluate.
Technology is leapfrogging. Lithium batteries provided approximately a 125-mile range before recharging, just two years ago. Currently, batteries have been improved to average 350 miles before recharging. TSLA and NIO are projecting their automobiles to be able to range to 625 miles in the very near future.
You do not have to constantly research. The candlestick charts provide that information for you instantly. Discover the immense amount of information that are provided in the candlestick charts that reveal the strongest profit potential companies, both on a short-term basis as well as a long-term hold.