Candlestick analysis provides a high probability visual analysis of when to be buying or when to be selling. Candlestick analysis also reveals when sitting in cash or not aggressively trading is more prudent. That is illustrated in today’s trading in the Dow and the other indexes. Although the Dow has formed a bullish Harami after Friday’s big selloff, stochastics are still heading lower and the indexes continue to close below the T line. This means more information is required. Knowing what direction the overall market is moving is a big part of trading successfully.
The correct trend analysis also greatly enhances the probabilities of day trade entries and swing trade entries. Join us this Saturday, December 4 for a candlestick forum mini spotlight day trading session. Learn to recognize the candlestick signals in the appropriate market conditions that produce high probability profitable results. Click here to register.
Good investing,
The Candlestick Forum Team
