What are the best candlestick patterns? This is an often asked question. The best candlestick patterns are very easy to visually recognize. The best candlestick patterns also produce high probability results. This is due to one simple factor! Human nature works the same way time after time. The Japanese rice traders identified signals and patterns that produced high probability expected results. Utilizing the information built into candlestick signals and patterns mentally prepares the candlestick investor for the next price moves. For example, the bearish J-hook pattern is the predominant analytical factor in the current market trend. Recognizing the pattern set up and utilizing the T line rule should instigate trading to the short side in these market conditions. The J-hook pattern has expected results. Wave three will be approximately the same magnitude as wave one. Expectations of a wave three price move is enhanced when witnessing strong candlestick sell signals. This indicates wave three is getting strong selling pressure to start the next wave. However, The strong candlestick buy signals also reveal which sectors will likely be moving positive even though the overall market trend is bearish. You gain a huge advantages by knowing the signals and patterns that will produce high probability price moves. Join us in our daily chat rooms. The two week free trial allows investors just learning how to utilize candlestick signals without any risk. Email abraham@candlestickforum.com to participate in the two week free trial.
