The market conditions are providing big profit opportunity. The market itself is not necessarily in a strong uptrend, with each index up one day down the next, opposite of the other indexes. But the fact that there is no change of investor sentiment, bullish confidence continues to build. This allows for breakouts that can be easily identified with candlestick analysis to perform with much greater profitability because there is no bearish sentiment deterrent to keep the strong bullish moves from occurring. The fry pan bottom patterns are performing extremely well. The J-hook patterns are producing high profit trades. Good profits are coming from obvious candlestick pattern breakouts such as SPCE producing a fry pan bottom/J Hook pattern breakout on Friday. The bobble breakout as demonstrated in SQ continues to produce a good trade.
The logic built into candlestick analysis puts investor funds in trades that have extremely high probability result expectations. Additionally the results usually perform with much greater profitability than just merely up trending stocks in an uptrending market. Investor sentiment works the same way time after time. Breakout trades can be anticipated based upon candlestick pattern results. Identifying those trades becomes much easier when utilizing the information in our daily chat room. When you have hundreds of investors in a chat room looking for the same pattern breakouts, it is much more likely that somebody will identify a breakout situation in its early stages. You do not have to be a sophisticated technical analyst to analyze the candlestick signals and patterns that clearly illustrate when there is a major change of investor sentiment. Join us in the chat rooms every day! The information in the room provides more good trades than most investors can handle. This allows for cultivating which trades are going to produce the biggest profits.
Chat session tonight at 8 PM ET.
Good investing,
The Candlestick Forum team
