Market trend analysis becomes much more accurate using candlestick indicators. Market trend analysis is based upon what is occurring in investor sentiment. Candlestick analysis is the graphic depiction of investor sentiment. The market indexes have been in a downtrend with bullish signal bounces along the way. However, simple candlestick indicators allow an investor to see whether that reversal is being confirmed or if the downtrend remains in progress. This week, the Dow has produced candlestick reversal signals and confirmed indications the bulls have taken control. This is a combination of candlestick signals with price confirming above the T line and witnessing the 3T-line now trading up above the T line. Knowing the little nuances that make for accurate market trend analysis allows an investor to participate in individual stock trades that have high profit/high probability results. The lithium mining companies are producing good consistent uptrends, even though the market is just recently reversed. Also, there are high probability breakout/daytrade set ups that are greatly enhanced when knowing the direction of the overall market. Join us tonight for our Thursday night session identifying the high probability day trades.
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Good Investing,
Stephen Bigalow
