Candlestick charts make analyzing the overall market direction extremely easy, this is a very important factor for establishing positions in the portfolio. However, there is another important factor using candlestick signals and patterns to analyze the overall market trend. It allows the candlestick investor to understand the nature of investor sentiment. The uptrend, with the market indexes staying above the T line, revealed there is very little bearish fear currently in the market. This makes identifying strong power trades easy. Knowing that the kicker signal is one of your strongest candlestick signals, and also knowing that the overall market sentiment is relatively bullish, allows for taking advantage of big percent moves. This was demonstrated in early identification of kicker signals in BTBT and NCTY. Candlestick investors gain a huge advantages by not only recognizing the signals and patterns that are going to produce high probability trade results but also understanding the investor sentiment that creates market movements allows for making excessive profits in chart pattern breakouts. This is making hay while the sun shines! Candlestick analysis consistently puts the probabilities in your favor. If you are having problems making consistent profits, the common sense logic built into candlestick signals and patterns will dramatically improve your trading abilities. Join us at the Candlestick Forum. The information provided on a daily basis in the chat rooms will dramatically improve your trading assessments.
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Good investing,
The Candlestick Forum team
