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 [...]
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. [...]
This is the 8th stock screen in the series Japanese Candlestick Trading: Stock Screens for 15 Candlestick Patterns With the recent drop in the markets over the past 3 days, I thought I would release this screen out of order. The appearance of Morning Star patterns in these market conditions will be rare, but very [...]
The following screen was designed to find stocks that meet Adam Hewison’s 6 rules for identifying reversals. Using StockFetcher 2.0 (http://www.stockfetcher.com then click on sf2.0) enter this as the parameters, then click fetch: Show stocks where MA(30) has been rising for the past 6 weeks and price reached a 52 week high in the past [...]
