Candlestick trade setups become much more effective when knowing what the overall market trend is doing. Candlestick trade setups are based upon what occurs in human nature time after time. Learning the strong candlestick signals and patterns allows an investor to participate in the high probability trades. The uptrend in the market indexes remains in progress but with the expectation of potential profit-taking back to the T line. This knowledge allows an investor to enter trades or hold off from entering trades based on how the indexes open tomorrow. It’s this evaluation that allows for entering high-profit trades at the appropriate times. Identifying the strong pattern breakouts allows for entering trades that will likely have strong price movements. You do not have to be a sophisticated technical analyst to utilize candlestick patterns successfully.
