The best candlestick breakout patterns are easily identified. The best candlestick breakout patterns reveal the strongest price moves even when the overall market conditions are relatively lethargic. Although the NASDAQ is in a slow uptrend, candlestick breakout patterns provide investors with an opportunity to participate in the strongest profit moves. The market indexes continue to reveal a lack of sentiment either bullish or bearish. There is still a lot of hesitation about interest rates, Russia/China collusion, the bank crisis, etc. The lack of a strong indication of bullish sentiment while the indexes still are maintaining a steady downtrend, not able to get back up above the downtrending resistance level, creates conditions that any negative news can send the market down again. Take advantage of the information built into candlestick analysis. The candlestick breakout patterns produce extra probabilities that a price move not only is going to move in a specific direction but move with great magnitude.
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Good Investing,
Stephen Bigalow
