The market trend reversal was confirmed with today’s positive trading breaking all the indexes up above the T line. Keep in mind, what reverses market trends is a change of investor sentiment, easily identified with candlestick signals. Witnessing a bullish reversal signal in the Dow on Friday required bullish confirmation today. However, it also provides an alert that if the premarket futures were going to trade positive on the open, short positions that were showing reversal signals in the oversold area should have been closed out immediately. This is the great benefit of knowing what to expect for the confirmation of reversal signals.
It also allowed for immediately entering bullish trades that were confirming reversal signals on Friday. Today’s gap up in NFLX not only confirmed a bullish reversal, but the gap up after Friday’s Doji produced the best friend signal, allowing for entering that trade immediately with good confidence the bulls were definitely in control. Join us this Saturday, February 5, for a full day of training on identifying the signal and pattern combinations that produce high probabilities of being in a correct direction trade as well as powerful trade price moves. This provides investor confidence as well as high-profit potential. Click here to register.
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Good investing,
The Candlestick Forum Team
