The market reversal is easily identified with candlestick signals and the T line. The market reversal was illustrated today in the Dow with a Doji followed by a gap up through the T line. The NASDAQ, opening positive after yesterday’s Doji, provided the prospect of a Doji sandwich, indicating the uptrend is in progress. Knowing what will occur as far as high probability trend movement based upon candlestick signal confirmation allows candlestick investors to aggressively establish trades based upon signal confirmation. Numerous J-hook patterns are in progress, producing both high probability results as well as strong profit results. The basis of candlestick analysis is utilizing signals and patterns that have proven to be high probability trades set ups.
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Good investing,
Stephen Bigalow
