Candlestick pattern breakouts are excellent alerts! What was revealed in the Fry Pan bottom breakout in GME? It revealed there was a major change in investor sentiment. Are you always going to be able to participate in a stock price that goes from $20 to $500 in the matter of two weeks? The benefit of candlestick analysis is it puts the probabilities of being in that type of trade much greater. High probability! Candlestick charts allow investors to identify high probability/high-profit pattern results.
A candlestick pattern breakout provides investors with a high probability the direction of the trade is correct and the pattern breakout usually produces high-profit results. What further enhances the probabilities is the utilization of the Candlestick Forum RARE program. Research Analysis Reverse Engineering! Very simple, it allows for investigating what caused the pattern breakout. News items, some news items are relevant, indicating there’s going to be much more upside potential based upon new elements of the fundamentals of a company. Some breakouts will not be powerful, an analyst upgrade, merely a temporary change of stock supply and demand. The evaluation of whether a new price trend might be sustained is as simple as utilizing the T line. A position can be maintained as long as it stays above the T-line.
The Candlestick Forum chat room becomes an excellent source of high-profit trades. Numerous investors, all watching for the same pattern breakouts, produces a trading opportunity for identifying a major change of investor sentiment for profitable trades. Join us, you gain a huge advantage when identifying new strong buy signals. If interested in joining our members area click here.
Chat session tonight at 8 PM ET.
Good investing,
The Candlestick Forum team
