How does the candlestick investor enter trades before the rest of the crowd? Simple! Candlestick reversal signals, appearing in the market indexes, immediately reveal there has been a change of investor sentiment. As illustrated in Friday’s trading, the indexes formed MorningStar signals in the oversold area. The NASDAQ formed a MorningStar type signal and close above the T line. The S&P 500 formed a MorningStar signal and close at the T-line. The Dow formed a MorningStar signal and close just below the T-line. This made entering bullish trades very easy. If the premarket futures revealed the markets were going to start trading positive on the open, the individual stock charts that revealed strong bullish signals are patterns could be entered immediately. This creates a huge advantage. It allows the candlestick investor to enter positions that are showing pattern setups that will produce the strongest price moves during an uptrend.
The J-hook pattern was evident in a number of individual stock charts. WKHS, SGMS, DKNG all had J-hook pattern setups.SRNE has good J-hook pattern potential based upon a positive open tomorrow, creating a Doji sandwich/J Hook pattern breakout. This type of analysis not only puts investors in high probability trades but also in trades that will produce much stronger profits based upon the pattern expectations. The positive trading in the market indexes today produces high probable results of more upside. The place to have investment funds is in individual stock chart patterns that are going to produce excessive profits. The T-line is a very informative trend indicator tool. Join us on October 16 42 days of training on how to use the T-line to produce high probability profitable results.
Chat session tonight at 8 PM ET.
Good investing,
The Candlestick Forum team.
