View Larger Image. Ask Seller a Question. Title: High Profit Candlestick Patterns. High profit trading patterns, revealed by utilizing time-honored Japanese candlestick signals. A straight-forward approach to understanding and exploiting market opportunities.
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Stephen Bigalow reveals the 12 Signals you will ever need to learn in any market! Join us for free and get valuable training techniques that go far beyond the articles posted here. This is based upon the convergence of buy signals and buy patterns at the optimal breakout points.
Currently, the market indexes have been in steady up-trends based upon the indexes not able to close below the T line. The Dow went from a Piercing signal off the day moving average to the next likely resistance level, the day moving average. That becomes an obvious level to see whether investors were ready to take profits.
Today's trading made that analysis very simple, it formed a Doji. The Doji rule allows for accurate assessment of whether the trend will continue or whether more profit-taking will occur now that the day moving average has been touched. A lower open tomorrow would imply profit-taking at the moving average is now occurring.
Although the markets backed off today, specific sectors produced some very strong bullish patterns. The airline sector has been producing good profits based upon a combination of fry pan bottom and J Hook pattern breakouts.
Recognizing the pattern breakout levels allow candlestick investors to enter high probability profit trades at the ultimate entry points. These market conditions are allowing for simple candlestick scanning techniques to identify strong bullish charts as well as strong bearish charts. Be prepared for some profit-taking in the market indexes, making having both long and short positions in the portfolio for the next few trading days the viable strategy. Join us this weekend June 6, for a spotlight training on how to recognize the set ups for the explosive breakout moves.
Click here to register. Good investing, The Candlestick Forum team. The Dow is currently trying to push through the day moving average, in the overbought area. Watch this area closely. Watch for profit-taking. Note that charts that have exhibited strong patterns are continuing to act strong.
Numerous J-hook patterns and frypan bottom's are producing good profits. The Dow is up over points confirming a J-hook pattern that will likely make the day moving average the target. This implies at least a couple more days of bullish trading before hitting a profit-taking area. The markets continue to rise even in the face of rioting and looting. Concerns about the virus has basically disappeared from the news broadcasts. The investment strategy has not changed, stay long in this market as long as there is not a major reversal signal in the indexes and a close back below the T-line.
Currently, the Dow is using the 3T-line as a support level. The definition of a bull market is an uptrending market in spite of massive negative news. Today's positive trading occurring even though the news broadcasts filmed dozens of cities being burnt. Candlestick charts reveal what is actually occurring in investor sentiment versus what each of us may think should be occurring in the market trend.
The slow uptrend of the markets indicates the lack of any great exuberance, merely steady buying. These types of market conditions allow for the candlestick patterns to work excessively well, not having investor sentiment concerned about any selling pressures. The J Hook pattern has produced a very good profits. Patterns have two major advantages.
They produce extremely high probabilities of a direction of a price move and they also provide price moves much stronger than merely up trending stocks during an uptrend. Knowing the results of candlestick signals and patterns give you a competitive edge.
BYND is setting up for a scoop pattern breakout if it opens positive tomorrow. Knowing which patterns will produce the biggest profits during an uptrend allows investors to maximize profitability when the markets are trading positive, essentially optimizing the term making hay while the sun shines. Candlestick signals and patterns dramatically improve the probabilities of making profitable trades and participating in trades that will produce large profits.
Chat session tonight at 8 PM ET. Stephen Bigalow and The Candlestick Forum. June 4th Daily Market Comments The Dow is currently trying to push through the day moving average, in the overbought area. June 3rd Daily Market Comments The Dow is up over points confirming a J-hook pattern that will likely make the day moving average the target.
June 2nd Daily Market Comments The markets continue to rise even in the face of rioting and looting. June 1st Market Direction The definition of a bull market is an uptrending market in spite of massive negative news. Follow Me.
“High Profit Candlestick Patterns” in Review
About Stephen W. If someone told you they had uncovered a year old secret that had the potential to bring great wealth, would you listen? If they could explain the mysteries behind the secret so that you could profit as well, would you be interested? Then, a little over 18 years ago, I discovered Japanese Candlesticks.
Japanese Candlesticks and Candlestick Trading Made Easy… Finally!
Posted by: Rob in: General. I was very excited someone was finally going to show me all the benefits of these mysterious creatures called Candlesticks, but as I read on I realized his book had nothing to do with Candlesticks at all. Rather, it had to do with chart patterns. You see, I am a systems trader, and I code everything I hear about and read.
High Profit Candlestick Patterns
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No eBook available Amazon. Stephen W. Bigalow has studied and implemented candlestick analysis trading techniques into the investment community for over 18 years. His application of candlestick analysis, with Western technical analysis and fundamental research programs, has been utilized by numerous investment institutions. Bigalow, through constant research, applying candlestick signals to modern computer technology, is one of the leading Candlestick analysts in the nation.