The best candlestick chart patterns produce some very powerful profits. The best candlestick chart patterns are created by strong reoccurring results of human nature. These patterns are easily recognized; you don’t have to be a sophisticated technical analyst to utilize candlestick charts. Investor sentiment works the same way time after time. We now have the benefit of the Japanese rice traders’ 400 years of analysis and application of profitable candlestick signals and patterns. The best candlestick patterns have two fold benefits. They produce high probability trade direction and stronger price movement than merely up-trending or down-trending stock prices. Additionally, it allows for the identification of strong sector reversals. The J-hook pattern and bobble breakout pattern, identified in a number of stock positions in a specific sector, such as NKLA, FSR, LCID, and RIVN, provides a good indication electric vehicle stocks are being bought. Combining candlestick signals with a candlestick pattern developing produces strong probabilities the pattern is going to produce good profits. This coming Thursday we will be concentrating on the high-profit setups from the strongest individual candlestick signal, the kicker signal.
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Good Investing,
Stephen Bigalow
