A market reversal is much easier to identify when utilizing candlestick signals. A market reversal identification is enhanced when witnessing candlestick reversal signals at levels that would confirm a change of investor sentiment. The alert of the market reversal occurred on the open today. A gap down in the oversold condition. Why is this an alert? The Japanese rice traders visually recognized high probability reversal results. Where do most people sell? They panic sell at the bottom. That is exactly what a gap down in the oversold condition reveals. When witnessing a gap down in the oversold condition, start watching for a change of market direction. This alert set up is important when deciding when to take profits on short positions. The simple logic put into candlestick analysis allows the candlestick investor to be in high probability trades and reveals when it is time to take profits. Candlestick charts are merely commonsense investment perspectives put into a graphic depiction. You will gain valuable insights in how to analyze price movements with a much greater degree of accuracy.
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Good investing,
Stephen Bigalow
