Strong candlestick sell signals market direction August 24, 2023

Candlestick charts provide an immense amount of information about price movement that no other charting technique provides. It cuts through the rhetoric of the so-called experts as far as what the market trend or an individual stock trend is likely to do. It is not conjecture! It is the actual buying and selling decisions of investors. Obviously, NVDA was going to be the big market mover, strong revenue and strong earnings. But the bearish belt hold signal it produced today told you the true decision process of investors. The candlestick forum not only teaches investors of what to identify as strong bullish or bearish signals but also teaches investors what price movements expectations occur because of those signals. For example,MRVL beat earnings by a penny. But in market conditions where the bearish sentiment is in control, the charts will have a completely different reaction versus if a stock beats earnings by a penny during an uptrending market. This is why understanding what is occurring in investor sentiment is much more important than Anticipating what the fundamentals are actually doing. Join us for a two week free trial to understand common sense logic of candlestick charts.