One of the most high probability candlestick patterns is the Doji sandwich. A strong candlestick signal followed by a Doji, will usually produce another strong candlestick signal on a positive open after the Doji. The Doji rule. The market indexes continue to trade above the T-line but are still in an indecisive stage. Fortunately, this allows for identifying strong bullish candlestick signals/patterns when the overall market trend is not illustrating any strong selling. The NASDAQ appears as if it wants to form a J-hook pattern. This would imply investor sentiment would remain bullish for the next few weeks. Anticipating wave 3 of the NASDAQ trend to be equal to wave 1. The electric vehicle sector picked up some strength with Biden announcing more money going into the electric vehicle sector.
Weekly Watch List – April 26th – April 30th
April 26, 2021