Day traders especially, have witnessed a big change in recent years with “noise” from computerized trading the a clean bull or bear flag are hard to come by.
This is the best candlestick entry signal that is working for us today. It gets even more powerful when you get multiple consecutive signals. You will hear us mention “inside-inside” in the Order Flow coaching program, this means we are calling out a stock ready for an expansion in volatility.
Watch the 2 minute video and leave your comments below.
**See the picture below for a complete explanation of the inside candlestick and how to spot it.
Best Candlestick Entry Signal Working Today
Other Candlestick Entry Signals:
The Doji: A reversal pattern that represent an equal tug of war between buyers and sellers. I like to call this candlestick “indecision.” I think this definition gives traders a good visual of the stalemate between supply and demand.
Engulfing Patterns: A reversal pattern formed at the bottom of several consecutive candlesticks with higher-highs or lower-lows, (usually 4-7). An engulfing candlestick entry occurs when the current candlestick “engulfs” (surrounds) the previous candlestick.
Bullish engulfing candlestick patterns form when a large green body engulfs a red candlestick at the bottom of a down trend.
Bearish engulfing candlestick pattern forms when a large red candlestick engulfs a green candlestick at the top of an uptrend.
Hammer Candlestick: is a bullish reversal candlestick pattern that is formed at the bottom of a down trend or momentum type move. It can also be used to signal the end of a bull-flag to trigger the entry.
Hammers have a long wick below a small body that is is the top third of the candlestick range.
Shooting Star Candlestick: This is a bearish reversal pattern that forms at the top of an uptrend, or bear-flag. It has a long upper wick and a small body in the lower third of the trading range.