Is the downtrend being caused by Manchins “NO”? Or is it the new co-vid activity? The great thing about candlestick analysis is that you do not have to be the analyst. You do not have to project what might happen to the market if specific things happen. Candlestick analysis has a great advantage of being able to analyze what everybody else’s analysis is doing to the market. The combination of candlestick signals, candlestick patterns, and the T line produced a very accurate assessment combination.
Simple candlestick scanning techniques allows investors to identify which stock/sectors are going to benefit from situations in which stock/sectors are going to have bearish results from specific situations. A new lockdown would make the stay at home stocks gain bullish perspectives. Retailers may be negatively affected. Candlestick signals and patterns provide a huge advantage for identifying where you want to have your trading funds committed.
Good investing,
The Candlestick Forum Team
