Strong candlestick patterns can be enhanced when utilizing confirming indicators. The strong candlestick patterns that are occurring in this market consolidation are the J-hook patterns and the scoop patterns. The expected results of these patterns not only produce high probabilities of moving in the correct direction but also producing strong profit moves. The NASDAQ, after demonstrating candlestick reversal signals over the past few trading days has also produced bullish confirmation by closing above the T line today. Although the Dow and the S&P 500 are trading positive, they need more bullish sentiment to close them above the T line. The visual aspects of candlestick analysis make analyzing the market trend as well as confirming stock patterns much more clear as far as expected results. The confirmation of specific candlestick pattern set ups allow for much more accurate daytrading/swing trading entry strategies. Join us this Saturday, June 25 for a full day training on recognizing high probability daytrade set ups as well as utilizing the intraday charts to maximize the profits of a daytrade. Join us, you will gain insights that will dramatically improve your analysis of consistent patterns human nature produces.
Chat session tonight at 8 PM ET. Click here to register.
Good Investing,
Stephen Bigalow
