Do all candlestick signals and patterns work? Definitely not but the vast majority will work based upon reoccurring investor sentiment. But more importantly, the identification of bullish patterns put you in positions where the probabilities of being in a big strong price move is greatly in your failure i.e.SPCE. Use candlestick logic built into graphics. The uptrend remains in progress as illustrated with the strength in the Dow and the NASDAQ and S&P 500 continuing to trade above the T line. The bullish chart patterns continue to perform.
June 25th Daily Market Comments
Do all candlestick signals and patterns work? Definitely not but the vast majority will work based upon reoccurring investor sentiment. But more importantly, the identification of bullish patterns put you in positions where the probabilities of being in a big strong price move is greatly in your failure i.e.SPCE. Use candlestick logic built into graphics. The uptrend remains in progress as illustrated with the strength in the Dow and the NASDAQ and S&P 500 continuing to trade above the T line. The bullish chart patterns continue to perform.