Why is it important to know the simple details attributed to each candlestick signal? Simple, the Japanese rice traders have evaluated what makes a reversal signal for over 400 years. A candlestick signal has expected results. A non-candlestick reversal signal does not have the same reversal factors, otherwise the Japanese rice traders would have given it a signal name. Yesterday the major indexes traded bullish but opened above the previous day’s close, not forming a bullish engulfing signal.
September 8th Daily Market Comments
Why is it important to know the simple details attributed to each candlestick signal? Simple, the Japanese rice traders have evaluated what makes a reversal signal for over 400 years. A candlestick signal has expected results. A non-candlestick reversal signal does not have the same reversal factors, otherwise the Japanese rice traders would have given it a signal name. Yesterday the major indexes traded bullish but opened above the previous day’s close, not forming a bullish engulfing signal.