Today’s backing and filling in the markets is not unexpected after a strong move in yesterday’s trading. But this also indicates the lack of wild exuberance in the markets, profit-taking occurring along the way. Continue to utilize the candlestick patterns that are still in progress.TSLA trend channel, NVDA j-hook set up, BITA classic pattern. As long as there is no major change of investor sentiment, candlestick sell signal, in the indexes, the candlestick patterns will perform with much higher profitability. Stay predominantly long but the short positions are also working.
January 18th Daily Market Comments
Today’s backing and filling in the markets is not unexpected after a strong move in yesterday’s trading. But this also indicates the lack of wild exuberance in the markets, profit-taking occurring along the way. Continue to utilize the candlestick patterns that are still in progress.TSLA trend channel, NVDA j-hook set up, BITA classic pattern. As long as there is no major change of investor sentiment, candlestick sell signal, in the indexes, the candlestick patterns will perform with much higher profitability. Stay predominantly long but the short positions are also working.