The Google breakout could be easily identified when using candlestick patterns. The Google breakout was based upon a pattern breakout through an obvious resistance level. Recognizing these type of patterns and levels that everybody else is watching provides a great advantage to the candlestick investor. These are the type of trade setups that put investment funds in high probability trade expectation situations. The market in general has been drifting lower with no evidence of bullish sentiment. However, the NASDAQ has been showing strength which made for the prospect of bullish trade setups occurring in the NASDAQ related stocks. Candlestick analysis is merely the identification of major changes of investor sentiment. Applying other indicators to the analysis improves the probabilities of being in the right trades at the right time. Strong candlestick signals and patterns produce high probability expected results. This becomes a function of applying numerous confirming indicators to the visual analysis. Join us Saturday, May 20 for a full day training on the subtle indicators that greatly enhance the identification of strong price moves about ready to occur.
Chat session tonight at 8 PM ET. Click here to register.
Good Investing,
Stephen Bigalow
