Weekly Watch List – April 26th – April 30th

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.

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