Where do the most powerful candlestick formations occur? At obvious breakout levels everybody else is watching. J-hook Patterns off of obvious support levels i.e. BLCM. Best friend breakouts through resistance i.e. ABEO. McMuffin pattern off of support, through resistance, i.e. BGNE. Knowing what individual signals and patterns demonstrate as far as investor sentiment, and seeing them occur at obvious breakout levels allows candlestick investors to get into high profit/high probability trades set ups before everybody else. Add the fact that candlestick charts provide much more clarity as far as analyzing the overall market trend, as the current uptrend is clearly visible based upon the Dow breaking out through a wedge pattern and the NASDAQ forming a Kicker Signal off the T-line this past week, dramatically improves the probabilities of being in the right direction at the right time. Stay predominantly long.
September 15th Daily Market Comments
Where do the most powerful candlestick formations occur? At obvious breakout levels everybody else is watching. J-hook Patterns off of obvious support levels i.e. BLCM. Best friend breakouts through resistance i.e. ABEO. McMuffin pattern off of support, through resistance, i.e. BGNE. Knowing what individual signals and patterns demonstrate as far as investor sentiment, and seeing them occur at obvious breakout levels allows candlestick investors to get into high profit/high probability trades set ups before everybody else. Add the fact that candlestick charts provide much more clarity as far as analyzing the overall market trend, as the current uptrend is clearly visible based upon the Dow breaking out through a wedge pattern and the NASDAQ forming a Kicker Signal off the T-line this past week, dramatically improves the probabilities of being in the right direction at the right time. Stay predominantly long.