The reversal signals in the Dow and NASDAQ quickly indicated the selloff of the previous week was merely profit-taking versus an overall market trend reversal. Additionally, with the indexes trading back up above the T line, not only indicates the uptrend is still in progress but it creates a market environment producing good investor bullish sentiment. This makes for taking advantage of big breakout moves. When there is no fear factor in the overall market, investor sentiment will move breakout prices with much greater enthusiasm.https://youtu.be/LEoFmJ7ZWzM
Numerous stocks that were good shorts last week have now shown strong reversals. The candlestick investor has a great visual advantage of seeing when a price move has reversed, enhanced with where price move reversals are occurring. Numerous stocks showed strong candlestick buy signals right on major moving averages, acting as support levels. This provides much stronger probabilities of being in the right place at the right time.
Strong Candlestick Market Reversal
The reversal signals in the Dow and NASDAQ quickly indicated the selloff of the previous week was merely profit-taking versus an overall market trend reversal. Additionally, with the indexes trading back up above the T line, not only indicates the uptrend is still in progress but it creates a market environment producing good investor bullish sentiment. This makes for taking advantage of big breakout moves. When there is no fear factor in the overall market, investor sentiment will move breakout prices with much greater enthusiasm.https://youtu.be/LEoFmJ7ZWzM
Numerous stocks that were good shorts last week have now shown strong reversals. The candlestick investor has a great visual advantage of seeing when a price move has reversed, enhanced with where price move reversals are occurring. Numerous stocks showed strong candlestick buy signals right on major moving averages, acting as support levels. This provides much stronger probabilities of being in the right place at the right time.
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Good investing,
The Candlestick Forum team