A candlestick chart provides an investor with much more clarity as far as what is occurring in investor sentiment. This is very important when trying to analyze what is occurring in an oscillating/whipsawing market. The indexes were down extensively today after Facebook announced lower earnings yesterday. The candlestick chart of the NASDAQ immediately revealed a candlestick sell signal, the hanging man signal, followed by a gap down in price. This clearly indicates a major reversal in investor sentiment. The advantage for a candlestick investor is being able to analyze which chart patterns will produce the strongest price moves, either bullish or bearish, during a current trend. Join us Saturday for a full day of training on how to identify the strongest power patterns that will produce the best probabilities of not only being in the correct direction but also in the most powerful price moves.https://special.stephenbigalow.com/ppt
The NASDAQ is providing numerous bearish J-hook patterns. Witnessing the premarket futures showing the indexes opening lower tomorrow provides numerous short trades, utilizing bearish J-hook pattern confirmations. The simple visual analysis allows for being in high probability trades based upon the reoccurring patterns created by reoccurring investor sentiment.
