What Is The #1 Candlestick Pattern?When I decide to help the Trading community I think about which market news gets the most "organic" likes I noticed it was the Dow Jones industrial Average (US30).
Because of this i decided to help you trade them now my expertise is in buying Bitcoin,Gold & Silver.
So learning to trade stock options was going to be a challenge.
I decided to learn 3 things:
#1-So I started by learning about the "3 Step-Rocket Booster Strategy"
#2 -Then I learned about the Candlestick Patterns
#3 -Then I learned about how to use oscillators
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What Is The Rocket Booster Strategy?
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This is a strategy used in trend analysis it has 3 Steps
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1)The price has to be above the 50 EMA
2)The price has to be above the 200 EMA
3)The price has to Gap up
Remember the last step is very important because that step is what you need in order to execute the best candlestick pattern
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What Is The #1 Candlestick Pattern?
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They are alot of candlestick patterns and you have to choose your favorite in this case I chose to use the "long lower shadow"
If you want to learn more about candlestick patterns read Steve Nissan's Book about Japanese Candlestick Patterns
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What is The Best Oscillator ?
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Now the most common one is called MACD.
But I prefer to use Bull Power
Because this is the oscillator I first used when I was learning about forex trading and lost when I didn't understand how to use it.
Now thanks to the new TradingView Screener I have been able to use in stock options trading.
I will try to make a video tomorrow demonstrating how to trade stock options on US 30 Dow Jones Industrial Average
As today I was so exhausted from a very long walk and day from yesterday.
Stay tuned for a video demo tomorrow
Rocket boost this content to learn more
Disclaimer ⚠️ Trading is risky please learn risk management and profit taking strategies and feel free to use a simulation trading account before you use real money.