This is the 12 screen in the series Japanese Candlestick Trading: Stock Screens for 15 Candlestick Patterns Bullish Three White Soldiers Type: Reversal Direction: Bullish Inbound Trend: Bearish Reliability: 8.2 Number of Candles in Pattern: 3 Definition: The Bullish Three White Soldiers Pattern is a reliable bullish trend reversal indication. Formed by three long candlesticks [...]
Whole Foods Markets Inc is looking like a very strong buy here. We see a rising three methods Japanese Candlestick Pattern, combined with a bullish flag. The three “inside” candles came on diminishing volume, with day 1 and day 5 coming on strong volume. Checking our momentum and trend strength indicators, we see bullish crosses [...]
This is the 9th screen in the series: Japanese Candlestick Trading: Stock Screens for 15 Candlestick Patterns Signal: Bullish Continuation Inbound Trend: Bullish Reliability: 7.1 / 10 Candlestick Pattern definition The rising three methods pattern is a bullish continuation pattern that appears in bearish markets. The pattern consists of 5 candlesticks which must meet the [...]
I decided to forgo a market update tonight as it should be pretty clear the bears own the trend right now. Instead, tonight’s post is going to cover a trading strategy that I found today entitled, “Long Entries and the Opposite Thirds Rule.” This strategy comes from Steven Lee Jones, a well known forex trader. [...]
Just about every trader I know has been asking for an update on where the S&P 500 is headed. I have been reading my favorite traders blogs, and will combine my forecast with their opinions, which hopefully will give you a pretty clear view of where the markets are headed. Marketclub’s S&P 500 Forecast First [...]
