Impeachment! Political squabbling! What does this do to the markets? With candlestick analysis, you do not have to be concerned. Candlestick signals and patterns are the direct result of investor sentiment decisions. They are the actual results of investors buying and selling decisions. Candlestick charts cut through all the rhetoric and concentrates on what investors are actually doing, whether buying or selling. The wave pattern of the markets is much more clearly evident when using candlestick formations. After two months of consolidation, the Dow is now currently in the next wave to the upside. How long can this move be anticipated. A logical measurement can be based upon the up move that started in early October. Does this mean the next wave will be the same magnitude? That is a viable expectation but what is the most important indicators to show when an up trend has come to an end? A candlestick sell signal and a close below the T-line. Until that combination occurs, investors can be aggressive and confident that up trending candlestick price patterns will still produce inordinate profits.
There are numerous signals and patterns that amplify the profitability as well as the probability of being incorrect trades at the correct time. The results of these pattern breakouts produce much greater profitability than merely up trending stocks during an up trend. Witnessing the results of price patterns, especially in the new big-name stocks such as TSLA, NVDA, and NFLX not only produces strong profit trades but it adds additional credibility to the fact that the bullish sentiment of the markets are still in progress. Candlestick charts are merely the common sense reoccurring investment decision-making put into graphic depictions. Candlestick charts allow for the exact timing of getting in strong price moves.
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Good Investing,
The Candlestick Forum Team
