Option trading becomes much more profitable when utilizing candlestick patterns. Option trading strategies can be applied knowing the optimal time to enter a trade and what the trade magnitude will likely be. The current market trend is on a downward trajectory. The Dow had the possibility of trading positive on Thursday but the positive trading early in the day would not have produced a full confirmation the bulls were taking control because the NASDAQ and the S&P 500 opened at the T line and immediately started trading back lower. Utilizing the T line rule, as long as the indexes cannot close above the T line, assume the downtrend remains in progress, and make for much better probabilities of remaining short or buying puts/puts spreads. Candlestick analysis improves the probabilities of being in strong option trades when knowing the general direction of the market as well as pattern price move expectations. Currently, numerous stocks continue to trade below the T line. Some have already had good price movements to the downtrend and appeared to be heading lower. This is where adding puts spread is much more logical than continuing to buy puts at these levels. Join us Saturday, April 23 for a full-day training on simple option trade strategies that can be applied to the correct candlestick signals and patterns. This logical information can greatly improve the probabilities of profitable trades.
