Having the ability to analyze a price trend allows the candlestick investor to anticipate what the remaining price move will likely be. Yesterday, the indexes failed to break through observable resistance levels. The Dow, closing lower, indicated its wedge pattern was still in existence. Although the markets started out very bullish today, it had to be suspected that until there was a breach of the wedge pattern to the upside, the wedge pattern was still the predominant analytical factor.
March 14th Daily Market Comments
Having the ability to analyze a price trend allows the candlestick investor to anticipate what the remaining price move will likely be. Yesterday, the indexes failed to break through observable resistance levels. The Dow, closing lower, indicated its wedge pattern was still in existence. Although the markets started out very bullish today, it had to be suspected that until there was a breach of the wedge pattern to the upside, the wedge pattern was still the predominant analytical factor.