Pullback or market reversal market direction August 17, 2023 скачать в хорошем качестве

Pullback or market reversal market direction August 17, 2023

Is this a market pullback or a full-scale trend reversal? It does not matter. Using the information on a candlestick chart reveals what is going on in investor sentiment. The first candlestick sell signal and a closed below the T line dramatically improve the probabilities the bears are in control. If you acknowledge this, you take out your emotional decision-making, hoping your bullish trades are going to continue higher. There are approximately seven different indicators that reveal whether the bulls or the bears are in control. These are all visual and take approximately 45 seconds to confirm. Currently the downtrend in the market indexes have been confirmed with the fact that they continue to trade below the T line. The talking heads on the financial news stations can give their opinions as to what the market is likely to do. However, the candlestick charts reveal what the markets are actually doing. You can take the guesswork out of your trading analysis by recognizing what the charts are revealing as far as bullish or bearish sentiment.