Identifying breakouts allows candlestick investors to be in positions where there is new positive bullish sentiment coming into a price move. Identifying breakouts allows the aggressive trader to be in positions where the activity is going to be highly profitable based upon identifying the price move with candlestick analysis. A big breakout move instigates the RARE process, research analysis reverse engineering, meaning immediately go and see what the news was that created this new interest. The common sense aspects of candlestick analysis provides highly profitable/active trades. Instead of waiting for price moves that may eventually occur, candlestick signals and patterns identify immediately when strong bullish or bearish interest has entered a stock trade. Once a breakout has been identified, maintaining that position remains simple by using the T line. Everything built into candlestick analysis is merely common sense put into a graphic depiction.
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Good Investing,
Stephen Bigalow
