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April 30th Market Direction

The daily candlestick formations make it much more clear that the wedge formation that has developed over the past few months remains in progress. The graphics/color of each formation clearly reveals bullish days followed by bearish days with no consistent trend. Whereas a Doji illustrates indecision between the Bulls and the Bears during a single time frame, the oscillation of bullish candles and bearish candles over numerous time frames illustrate the same thing. Candlestick graphics provide an immense amount of visual information. Knowing what each candlestick signal illustrates allows the candlestick investor to make much more accurate assessments of price moves. Having the ability to analyze the direction of the general market trend makes for much more profitable allocations of individual stock positions in a portfolio.

The daily candlestick formations make it much more clear that the wedge formation that has developed over the past few months remains in progress. The graphics/color of each formation clearly reveals bullish days followed by bearish days with no consistent trend. Whereas a Doji illustrates indecision between the Bulls and the Bears during a single time frame, the oscillation of bullish candles and bearish candles over numerous time frames illustrate the same thing. Candlestick graphics provide an immense amount of visual information. Knowing what each candlestick signal illustrates allows the candlestick investor to make much more accurate assessments of price moves. Having the ability to analyze the direction of the general market trend makes for much more profitable allocations of individual stock positions in a portfolio. When the market is moving sideways, the prudent investment strategy is to have both long and short positions in the portfolio. The easy scanning techniques provided by candlestick signals produces profitability of having long positions and short positions that are both going to produce profits when the market in general is not influencing individual stock price movements. Logic dictates that the simple scanning techniques will find more bullish trade set ups and more bearish trade set ups than most investors will be able to utilize even when the market is in a sideways mode.

When the market is moving sideways, the prudent investment strategy is to have both long and short positions in the portfolio. The easy scanning techniques provided by candlestick signals produces profitability of having long positions and short positions that are both going to produce profits when the market in general is not influencing individual stock price movements. Logic dictates that the simple scanning techniques will find more bullish trade set ups and more bearish trade set ups than most investors will be able to utilize even when the market is in a sideways mode.

 

 

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Good Investing,

The Candlestick Forum Team

 


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