NASDAQ Stock Scan

A short update on my long term candlestick scan.

It candlestick scan scans the Nasdaq 100 stocks for long term bullish or bearish reversal patterns. The basic idea is to search for Hammer or hanging man candlestick patterns, but not only on a daily chart, but on any compression, from daily to yearly compression (Yes, that’s one year of data per candle, the resulting reversal pattern would be valid for at least 3 years)

But see for yourself which Nasdaq stocks seem to change the direction according to the long term candlestick scan. The list gives you the duration of the reversal formation (expect about the same time to either reach the target or get stopped out)

Bullish on the left side, bearish on the right side.