Candlestick power trades are easy to identify. Candlestick power trades merely put all the stars in alignment. The first assessment is the direction of the market. After two weeks of indecisive trading, the indexes showed what the decision was after the indecisive trading. Today the indexes traded lower, closing below the sideways channel and below the T line. This produces much stronger probabilities that wave three to the downside is in progress. However, the CPI report tomorrow is going to probably affect the market trend one way or the other. Currently, there are a number of bearish charts that are not merely showing a downtrend, but candlestick signals show which downtrends will have the most power. Knowing what each individual candlestick signal illustrates allows the candlestick investor to take advantage of the power trades that are correlating with the overall market. This allows for accurate and profitable stock trades as well as ultimate timing for option strategies.
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Good Investing,
Stephen Bigalow.
