Market Reversal? October 6th Market Wrap-Up

Candlestick charts explained provided an immense amount of high-probability information. Candlestick charts explained reveal reoccurring signals and patterns that dramatically improve price movement analysis. The current bullish movement in the indexes have the implication of merely a bounce in a downtrend. Why? Because there is not a candlestick reversal signal, merely bullish trading. The lack of a candlestick bullish reversal signal implies much less magnitude of movement. Identifying actual reversal signals as illustrated in numerous oil stocks provides much stronger probabilities that a sustained reversal has occurred. The signals are very effective on their own. However, identifying additional confirmations as a candlestick signal is formed greatly improves the probabilities of being in a correct trade. Join us tonight at 8 PM ET as we will be illustrating how to identify the strongest reversal signals utilizing MetaStock scanning software. You will greatly improve your trading abilities when recognizing and utilizing the logic built into candlestick analysis.

Chat session tonight at 8 PM ET. Click here to register.

 

Good Investing,

 

Stephen Bigalow

Share