Candlestick Shop

DAILY and WEEKLY CANDLESTICKS

A list of stocks posted each morning before the opening bell which exhibit specific common candlestick pattern criteria based on the daily chart (each candlestick represents one day). Our staff at CandlesticksShop scans over 10,000 stocks daily after the market close to filter out only the strongest candidates for trade the next day. In addition to looking for common visual candlestick patterns in a stock, we look for other supporting characteristics, such as proximity to major or minor price support and moving averages. Our traders have found that the best trade setups are those that possess a combination of bullish (or bearish) visual candlestick patterns in addition to other western technical indicators such as major and minor price support, and proximity to moving averages. By playing only the stocks that exhibit the strongest possible pattern setups, the short term trader greatly increases the likelihood of follow through for a profitable trade. The Daily and Weekly Candlestick plays are designed for the the swing trader who is looking to be in the market for 2 or 3 days to take advantage of short term swings in the stocks price. The Daily and Weekly Candlesticks can also be used for shorter term trades such as day trades (enter and exit the same day), and scalps (enter and exit within a few hours).

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