Identifying and utilizing candlestick patterns produce two major advantages for investors. A candlestick pattern creates an extremely high probability of being in a trade moving in the correct direction and the magnitude of the move will be much greater than a mere up trending price during an up trending market. There are numerous J-hook patterns setting up heading into this coming week. Simple scanning techniques allows the candlestick investor to identify the J Hook pattern which has much better prospects of not only producing a profitable trade, but a much more profitable trades than merely up trending stocks during a slow up trending market.
