High-profit short positions are easily identified using simple candlestick scanning techniques. High-profit short positions are more likely to be identified when we can analyze the overall market direction with much more accuracy. The evening star signals in the indexes at obvious resistance levels produce high probabilities the sellers are taking control. The fear of another bank crisis is overshadowing the markets. The Fed announcements implied more rate hikes are likely. Lower oil prices indicate a slowdown of all economies. Candlestick charts provide much more clarity as to what the overall investor sentiment thinks about the economic environment. Candlestick investors can see it more clearly, witnessing candlestick signals at obvious support and resistance levels.
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Good investing,
Stephen Bigalow
