Identifying a major market reversal is much easier utilizing candlestick signals. As demonstrated in this week’s trading, the NASDAQ did a kicker signal that showed a strong change of investor sentiment. The kicker signal is the strongest individual candlestick signal. Applying this analysis with the Dow continuing to trade above the T line simply indicates the uptrend was now in progress. This instigated closing profitable short positions and going back to the long side. Simple logic dictates that being able to identify the direction of the overall market, then being able to identify which sectors is acting the strongest, and then identifying which stocks in that sector are producing the strongest uptrend potential basically puts all the stars in alignment. This is how you can dramatically improve the probabilities of not only being in the correct direction, but also being in the strongest individual stocks in a sector.
The electric vehicle sector demonstrated strength across the board. Today, a good number of electric vehicle stocks were up over 10%,BLNK, QS, FCEL and a good number more. Knowing what each candlestick reversal signal illustrates allows the candlestick investor to dramatically improve their trend analysis capabilities. You dramatically improve your trading results by being able to identify which stocks have the strongest upside reversals. Join us on March 27 and 28th for a two day comprehensive training on candlestick analysis. The most powerful aspect of this training is not only identifying the strong reversal signals and patterns but also understanding the investor sentiment that creates those reversals. This combination allows you to analyze price moves with the same accuracy as somebody that has been trading in the markets for decades. Put the probabilities in your favor!
Chat session tonight at 8 PM ET. Click here to register.
Good investing,
The Candlestick Forum team
