Reading candlestick charts makes the market trend analysis much easier to evaluate. Additionally, it makes identifying the strongest candlestick signals and patterns. “High Profit Candlestick Patterns” clearly explains which signals and patterns are going to be the most relevant.
Keep in mind, patterns are identified because investor sentiment works the same way time after time. Utilize this information to your advantage. Prices do not move based upon fundamentals! Prices move based upon the perception of fundamentals. Reading candlestick charts is nothing more than recognizing what is occurring in investor sentiment. Candlestick patterns produce high probability/high-profit results. They work effectively in bullish charts as they do in bearish charts.
The Fry Pan Bottom pattern is a buildup of investor sentiment over a period of time. Learning how to read candlestick charts puts in investors in situations where the probability of being in a profitable trade is extremely high. ADGI is a good example of the frypan bottom trajectory. Additional confirmation of the pattern continuing to work is utilizing the T line. A fry pan bottom will remain in progress as long as there is not a sell signal and a close below the T line. These facets of human nature are easily recognized when knowing what candlestick patterns look like.
Members Stock Chat Tonight. Not a member? Click here to join
Good investing,
The Candlestick Forum Team
