Today I was working on developing a trend reversal stock screen (for my new book) based on the Trending123.com 1-2-3 Bullish / Bearish trend reversals. This strategy is based on the Aroon, Williams %R, and PPO indicators, and is used to time trend reversals. Once I was happy with the filter, I ran the screen, [...]
For those of you who follow and trade gold futures, last week might have thrown you a massive curve ball. Gold has been on a crazy run higher, concurrently with a falling dollar. However, both of those trends are starting to look like they may reverse for the short to medium turn, which means gold [...]
This is the 12 screen in the series Japanese Candlestick Trading: Stock Screens for 15 Candlestick Patterns
Signal Type: Reversal
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.
