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Profiting from Technical Analysis and Candlestick Indicators: Powerful Methods for Accurately Timing Trades
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Profiting from Technical Analysis and Candlestick Indicators: Powerful Methods for Accurately Timing Trades

by Michael C. Thomsett
December 2014
Beginner to intermediate
304 pages
7h 28m
English
Pearson
Content preview from Profiting from Technical Analysis and Candlestick Indicators: Powerful Methods for Accurately Timing Trades

5. Continuation Signals—The Mid-Trend Signs

The focus of most traders on reversal signals is understandable. The point of reversal is where a majority of trades will occur. Continuation only forecasts that no action should be taken. However, some attributes of continuation should be remembered, including:

Image A reversal signal does not act as continuation. Some arguments about indicators, especially candlesticks, include the point that when a reversal signal appears in the wrong place, it acts as a continuation signal. For example, a bearish signal appearing during a bear trend fits this category. However, it is not as simple as relabeling a reversal ...

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Publisher Resources

ISBN: 9780133993684Purchase book