Candlestick patterns are greatly enhanced when knowing the overall direction of the general market. Today’s positive trading produce further evidence the 50 day moving average was going to act as a support level in the Dow, after a couple days of consolidation at that level. Additional bullish sentiment was illustrated in the NASDAQ, opening positive after a potential candlestick reversal signal. The upward bias of the market makes candlestick patterns more productive. Numerous fry pan bottoms and J-hook patterns are still producing good upside profitability. Knowing what should the expected based upon the visual identification of pattern set ups allows the candlestick investor to participate in profitable trades with a high degree of probability.
The belt holds signal in HYZN creates a much greater prospect of a bullish uptrend continuing with greater speed because sellers have been eliminated. That is what a belt holds signal indicates. This produces better upside prospects because there are less sellers now in the way. Candlestick signals are the creation of investor sentiment producing the same results time after time. The kicker signal is the strongest individual candlestick signal. LOGI can be bought on positive trading tomorrow based upon kicker signal reversal and a close above the 50 day moving average. Learn how to identify a high probability signal and pattern ramifications based upon the results the Japanese rice traders have identified over the last 400 years. Join us this weekend. The candlestick forum two day training is a comprehensive training that will completely alter an investors perspective, learning where the high probability trades set ups are occurring which greatly reduces investor emotions.
Chat session tonight at 8 PM ET. Click here to register.
Good Investing,
Stephen Bigalow
