Candlestick patterns are the prevalent movers in this uptrend. The reoccurring pattern setup of human nature can easily identify candlestick patterns. The J-hook pattern has been identified in the NASDAQ and the S&P 500. Although the Dow did not form a reversal signal when it supported off the bottom of the wedge formation, the fact that the NASDAQ and the S&P 500 formed bullish signals added credence to the wedge formation support in the Dow. Candlestick patterns provide two huge benefits, a much more robust analysis of the trend, and the magnitude of the move will be much greater than mere up-trending stocks during an up-trending market. As illustrated in the AMZN chart, a belt holding a candlestick pattern enhanced the probabilities and visualization of the J-hook pattern. The solid initial price move of a J-hook pattern is the alert there is new strong investor sentiment coming into a trading entity. The J-hook portion is merely the profit-taking to be followed by another strong price move. The candlestick forum teaches investors how to identify the most prolific analysis of price moves, what human nature provides as high probability results. Join us Saturday, February 4th, for a Candlestick Forum mini spotlight training on how to trade commodities using candlestick signals.
