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How to identify
In the Stick Sandwich bull, a good downtrend is under way. Prices open higher on the next trading day and then trade higher all day, closing at or near the high. This action suggests that the previous downtrend has probably reversed and that shorts should be protected, if not covered. The next day, prices open even higher, which should cause some covering initially, but then prices drift lower to close at the same price as two days ago. Anyone who does not note support and resistance points in the market is taking exceptional risk. This pattern is showing the market finding a support price. The overall trend has the potential to reverse, building on the new support price. Another day of trading should tell the story. Confirmation of the trend reversal would be with a white candlestick, a large gap up or by a higher close on the next trading day. BUY "Stick Sandwich Bull" Candlestick Chart Indicator Not for sale yet Back to Glossary of BULL and BEAR Candlestick Chart Indicators. For an additional education on Japanese Candlestick Charting techniques, visit our Investment Bookstore and also check out the special pricing section called Fire Sale Books for great deals at the largest collection of Investment Books on the Internet. Click here if you'd like to be advised when the site is updated or refer this web site Home / Company Information / Promotions / TC2005 Candlestick Charts / Gift Certificate / Discount Book Store / Contests / Affiliate Programs / Internet Marketing Resources / Food for Thought ezine / Marketing Food for Thought ezine / Stock Market Info / Art / Telecom Services / Electronic Products / Favorite Links / Free Screensaver / Free Software / Email Updates / Refer This Site / Contact Us / By viewing this web site, you the visitor, agree to our
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