Although the NASDAQ is in a bearish trend, the Dow is showing indecisive trading. This provides the evaluation that the markets are not selling off with great fervor. Specific sectors continue to trade positive while others are trading lower, sector rotation is evident. The analysis of the market trend and specific sectors/stocks become much easier to analyze using the 12 major candlestick signals. The shooting star/Harami in the Dow last week indicated a reversal in investor sentiment. However, the downtrend of the Dow can be evaluated as being a very indecisive trading mode based upon witnessing bullish candlestick signals during the downtrend.
The strong trade set ups are still revealed by candlestick patterns. The J-hook pattern produces the probabilities of not only positive trades, but strong positive trades. RUBY and CYH both exhibited J-hook patterns that imply more upside. The advantage of recognizing candlestick signals allows for analyzing the price moves that have had strong historic results. The 12 major candlestick signals in conjunction with strong confirming indicators, such as the T line, produce an extremely high probability trading strategy. Join us this Saturday and Sunday for a two day comprehensive training identifying the 12 major candlestick signals and understanding the investment sentiment that created the signals. This combination allows an investor to analyze price movements with the same skills as a seasoned investor that may have been trading in the markets for 50 years. Members price $297 and you get to come back to this training for free every time it is presented. Click here to register.
Chat session tonight at 8 PM ET. Click here to register.
Good investing,
The Candlestick Forum team
