Lethargic trading days, in the overall market, amplify the significance of candlestick signals and patterns. The market indexes are trading relatively sideways for the past few days. The Dow below the T line, the NASDAQ above the T line, indicating no major direction in the markets. Fortunately, candlestick patterns allow for consistent profitability. Note how the fry pan bottom patterns continue to show good strength. Add the analysis of the Doji sandwich confirming the probabilities of the fry pan bottom’s performing. You gain valuable insights as far as establishing high probability/maximum profit trading strategies. Join us this Saturday for a comprehensive analysis identifying the high profit breakout set ups utilizing candlestick patterns. Then, learn how to apply the appropriate trading strategies, stock and/or option positions. Having a high degree of probability that a price will not only continue to move in the correct direction, but also with a very strong price move, logical option strategies can be put in place to maximize profitability while at the same time dramatically reducing risk.
Our recommendation on NVAX was based upon a fry pan bottom set up with the expectation of more upside after yesterday’s Doji sandwich. LVGO produced the same scenario with the expectation of the development of a Doji sandwich also furthering a fry pan bottom trajectory. Learn how to develop high profit option strategies very quickly and easily knowing what to expect coming from a candlestick pattern set up. Knowing what each pattern and signal implies, based upon centuries of confirming results, produces a trading strategy that constantly puts the probabilities in your favor. Join us this Saturday, you will gain valuable insights on how to maximize your profitability. You will not be disappointed. https://special.stephenbigalow.com/breakout-trading/
Chat session tonight at 8 PM ET with Stephen Bigalow. Click here to register.
Good investing,
The Candlestick Forum team.
