Candlestick chart patterns take the guesswork out of trading. Candlestick chart patterns produce high probability expected results based upon human nature working the same way time after time. The bearish signals produced in the indexes last week made it clear that the bears have taken control. The downtrend can be easily assessed, once the candlestick signals are witnessed, utilizing the T line rule. As long as the indexes continue to trade below the T line, assume with a high degree of probability the downtrend remains in progress. Currently, there are a number of strong bearish J-hook pattern setups in progress. The validation of the J-hook patterns are enhanced with strong bearish candlestick signals, such as the bearish best friend signal. When you add the visual analysis of the direction of a signal trend with the confirmation of a candlestick pattern, you can dramatically improve your probability of being in the right trade at the right time. The candlestick signals are the building blocks for learning how to correctly analyze price and trend movements. Once you recognize the high probability signals, the 12 major signals, and you understand the logic that created those signals, you then have a grasp for how price movements work the same as a trader that has been trading for decades. Read “High-Profit Candlestick Patterns”. This will provide a very clear understanding of how candlestick analysis performs with a high degree of probability. Click here for more information
