Candlestick sell signals in the indexes revealed the downtrend of the markets were continuing. Candlestick sell signals, when revealed at observable technical levels, enhance the probabilities the sellers are in control. The indexes formed evening star signals that showed sellers were taking control at the 34 EMA. The following selloff has brought all the indexes back below the T line, implying the downtrend remains in progress. This basic analysis allows investors to analyze which bearish charts will have the most powerful down move during a downtrend. Candlestick analysis provides a much more clear analytical process of whether the overall market trend is bullish or bearish. With that observation, identifying the strongest bearish charts produces much greater profitability by being in the strong bearish charts versus just merely down trending charts in a down trending market. Learn the 12 major candlestick signals and you dramatically improve your ability to analyze price movements.
Chat session tonight at 8 PM ET. Click here to register.
Good Investing,
Stephen Bigalow
