Candlestick analysis produces extremely high probability trade patterns. The bearish J-hook pattern has produced good profits in this current downtrend. The bearish J-hook pattern produces high probabilities of a downtrend direction as well as enhanced profitability. The magnitude of a pattern movement is dramatically stronger than merely a down-trending stock price during a market downtrend.
The T line rule is still in progress, the markets are in a downtrend. Stay short in bearish positions that continue to as well as below the T line. The inflation comments may have a lingering effect on investor sentiment, with the passing of another stimulus bill adding fuel to the fire. Stay predominately short, numerous bearish J-hook patterns working effectively.
The bearish J-hook patterns provide additional strength to the downside. CLSK is demonstrating a Blue Ice Failure, giving it more bearish credence. Using this additional information greatly improves your probabilities of being in a correct trade as well as a strong profitable bearish trade. Our current short positions have a very simple trading strategy. Stay short until you see a reversal signal and a close back up above the T line. This simple trading strategy allows investors to discipline themselves to not take profits too early, just because they have a profit. Join us Saturday for the Power Tade training, utilizing the instant visual combination of indicators to improve your trade probabilities.
Chat session tonight at 8 PM ET with Guest Speaker Jeff Tompkins. Click here to register.
Good investing,
The Candlestick Forum team
