2022-11-08: We have a signal to move out of CASH and into FBSOX.... Read more Reversal Patterns Short-term Trades with Japanese Candlestick Reversal Patterns.Take short-term trading positions based on a dozen Japanese Candlestick reversal patterns. Read more...- Japanese Candlestick Reversal Patterns
 - Wait for a confirmation day of weakness, following the signal day (see graphic example)
- High of the confirmation day should be below the signal day's high.
- Close of the confirmation day should be below the signal day's close.
- Close of the confirmation day should be in the lower half of it's daily range, indicating a weak close.
- Take the trade at or as close to the end of the trading day, to ensure that the confirmation pattern is still valid.
- Set stops above (or below) the high (or low) of the signal day, but no greater than a -4% loss.
- Signals are triggered on stocks in a short-term uptrend (or downtrend), reaching overbought/oversold levels based on the Wilder Relative Strength Index (WRSI).
- Shoot for 4% to 6% intraday gains during the next few days.
- High volume on the signal day(s) are important.
- Check to see if signals confirm support and resistance levels, e.g., at the 20-, 50- and 200-day moving averages, and at prior price levels. Hide this content.
Sorry, only Subscribers have access to this area. |
Disclaimer The stock selections in our stock investing and stock trading database are not stock recommendations, but simply represent applications of a stock investing process. All materials, including our Top Stock Picks, are provided for information purposes only and should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security. Growth Stock Analytics, LLC is not responsible for gains/losses that may result in investing or trading in these securities. All information is believed to be obtained from reliable sources, but there is no guarantee that the information supplied is accurate, complete or timely. There is no guarantee or warranty with regard to the results obtained from its use. There is no guarantee of suitability or potential value of any particular investment or information source. You acknowledge that your requests for this information are unsolicited and shall neither constitute nor be considered investment advice. Past investing performance is not an indication of future performance results. Investing and trading in stocks is risky. Investors are encouraged to consult a registered stock broker or investment adviser before making any investing decisions. The interpretations and opinions expressed herein are solely those of Growth Stock Analytics, LLC, and not of any other individual or organization.