Candlestick analysis is one of the three important parts of Uncle Steve’s:  “Tripod of Technical Analysis.”  Moving averages and momentum oscillators comprise the other two significant areas.  We feel all traders should view charts with candlesticks.

Candlesticks give you a very vivid view of supply and demand.  They present a more visual look at prices when compared to the standard bar charts.  A single candle can provide significant information about the strength or weakness of a market.  Two, three or multiple candle formations can point to high percentage directional positioning.  Candlesticks “paint” the emotions surrounding the markets.

Moving average analysis is one of the three important parts of Uncle Steve’s:  “Tripod of Technical Analysis.”  Candlesticks and momentum oscillators comprise the other two significant areas.  We feel all traders should view charts with superimposed moving averages.

A moving average is a technical indicator that shows price of an issue over a period of time.  Although simple moving averages are common, we favor and use T3 averages.  The T3’s are beautifully structured exponential moving average.  They are both smooth and sensitive to changes in market direction.

We believe the most useful tools employed by technicians are momentum oscillators.  Momentum oscillators measure the velocity of directional price movement. When price moves up, at some point the market is considered to be overbought; when it moves down, at some point the market is considered to be oversold.  In either case, a reaction or reversal is imminent. 

 There are many useful momentum oscillators.  Our seminar includes the oscillators that are most effective when monitoring the markets.  We teach interpretation and construction of the following momentum oscillators: