Hello Trader, Picture this, it’s the late 1700s and you are a successful merchant during a time when trading soft commodities like rice and grains in the open free market was the big league of trading. But all this face-to-face, cut-throat transacting was taking place without the help of some sort of system to track the price history of these commodities. Enter candlestick patterns, which, as some of the earliest evidence suggests, were created by a rice merchant, Munehisa Homma, during this early period. Guess what? Candlestick charting has become far more advanced than the days of plotting prices by hand with a goose feather pen, on paper made from recycled cotton and rags. At its core, though, this form of charting the price movement of assets remains a staple for traders who want to identify when big changes in sentiment have occurred. So today I am going to show you how to determine just how important this past Monday’s “hammer” candlestick reversal day, by combining it with a bunch of technical tools.
All you have to do is click here to find out more. Jeff Bishop |