Market reversal signals may be showing up from today’s trading. However, market reversal signals require one additional piece of confirmation – a close above the T line. This will make tomorrow’s trading very important. A change of investor sentiment requires a candlestick reversal signal and a close above the T line. Until that happens, the probabilities remain that the current downtrend remains in progress. The T line acts as a significant indicator of investor sentiment. These market conditions allow the candlestick investor to gain a strong profitable perspective. There will be bearish trades continuing lower and new bullish trades being established. Knowing the strong bullish and bearish signals and patterns allows the candlestick investor to maintain good profitability when the overall market is transitioning stage. For example, RIVN has the prospect of forming a strong downside move based upon a lower open, producing a bearish Doji sandwich, and confirming a Dumpling Top downdraft.
Strong earning reports are producing good profit trades in the current market environment. The best friend signal is producing good profit potential. Knowing the direction of a price move allows an investor to choose the appropriate options trading strategy based on where the current price/trend exists. Join us Saturday, March 4, for a Mini spotlight training on the proper bullish or bearish option strategies based upon the direction of the overall market. You will gain a lot of insights that will be useful for the rest of your investment career.
Chat session tonight at 8 PM ET. Click here to register.
Good Investing,
Stephen Bigalow
