With the NASDAQ continuing its uptrend from the J-hook pattern in the Dow continuing its downtrend from the bearish Doji sandwich signal, the best portfolio strategy is to have both long and short positions in the portfolio. Currently, fry pan bottom breakouts are producing good profits, as demonstrated in AVXL today with a best friend breakout at a fry pan bottom resistance area. Up 35% on the day! Numerous high probability/high profit patterns, such as the classic pattern and the bobble breakout, are producing high probability results. The more pieces of visual evidence witnessed, of what investor sentiment does time after time, allows the candlestick investor to take advantage of not only high probability trade direction but very strong price moves. Trading candlestick signals and patterns have an additional benefit. They produce expected results in spite of what the overall market conditions are revealing.
Having the ability to identify when a breakout situation is about to occur, based upon reoccurring human nature, allows an investor to improve the probabilities of being in a correct trade at the appropriate time as well as participating in high profit price moves. Join us June 26 for a full day training on how to identify and anticipate when a strong breakout price move is about to occur. When you dramatically improve your probabilities of being in a correct direction with the added benefit of participating in high profit moves with a much greater degree of probability, a portfolios return is dramatically enhanced. This is the whole purpose for successful investing.
Chat session tonight at 8 PM ET.
Good investing,
The Candlestick Forum team
