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 following criteria:
The First [...]
Today I was doing some technical analysis on Google. Google is at a major technical inflection point, and which ever direction traders decide to take it will have a serious impact on the stock.
Google is trading at it’s previous resistance zone set in May, 2008, at the 600 price level. From a technical stand [...]
Commentary
If you’ve been reading my market updates, then it should be no suprise that I’m bearish on this market.That said, I believe tomorrows market action represents a critical cross roads for the market. With the VIX (volatility) reaching levels not seen in 20 years, market and economic sentiment in the tank, and this “bailout” plan [...]
Overview:
The question I recieve more often than just about any other is:
How do I know when to sell?
Naturally, a detailed answer to this question depends on your trade management strategy, risk tolerance, and market conditions just to name a few. However, as technical analysts, we always use indicators to help us time and verify our buy [...]
With the bevy of technical analysis tools available today, I’ve seen many new techincal traders struggle to utilize them properly. While there are 1000’s of books written about this subject, there is one bit of information that I wish all new traders new about these tools.
What is an Indicator
Simply stated (in terms of technical analysis), [...]
