Candlestick charting explained makes analyzing price movements much easier to evaluate. Candlestick charting explained not only identifies the signals and patterns but describes the investor sentiment that created those patterns. That combination allows an investor to accurately analyze price movements with the same degree of confidence as an investor who has been investing for 50 years. Candlestick charting explained is merely the description of what investor sentiment has been doing time after time ever since the beginning of investing. This allows the investor to analyze which direction the overall market is moving. Currently, the market indexes are in a sideways mode. This is evident with its waffling at the T line area. Today’s bearish engulfing signal in the NASDAQ provides a little bit more evidence that the bears may still be in control, implying more downside. Knowing the direction of the market allows for identifying which bullish or bearish signal/pattern is likely to produce the biggest profit potential if the market trend continues in a specific direction. The bearish kicker signal is currently producing strong downside movement. Being able to correct the overall market direction and which specific stocks have the strongest signals corresponding to the market direction allows you as an investor to improve your correct trade ratio. This becomes extremely effective for both stock trading as well as options trading. If you have not yet joined the Candlestick Forum, try our two-week free membership where you gain valuable insights on how candlestick analysis constantly puts you incorrect trades. Click here to register.
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Good Investing,
Stephen Bigalow
