Candlestick Charting Basics: Spotti Spot ting ng th the e Early Reversals eversals Sig Signals nals
By
Steve Nison, CMT President, Candlecharts.com Inc.
Medi edia a Com omm m ents “ Japan's Candles Candlestick tick s Light Traders' Path” --- Wall Street Journal Journal “Whether “Whether you day d ay trade or hold h old p ositi ons candlesticks are a must mu st”” ----- In Inv ve stor stors s Lib Libra rary ry “Ca “Candlestic ndlesticks: ks: A New Light in Technic echnica al Ana naly lysis” sis” --- Barro Barron’ n’s s
Constructing the Candle Line high
Shadow open
close
Real Body open low
close
Drawing Candle Lines
session open high low close
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Drawing Candle Lines
session open high low close
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Small Rea eall Bo Bodi dies es (spinning to tops) ps)
Candle(stick) Chart - spinning tops
Small Real Bodies
Doji
Doji after tall white candle
Doji after tall white
Doji as Resistance
Gravestone Doji
Shadows
Long Upper (Bearish ) Shadows
Long Upper Shadows
Long Lower (Bullish) Shadows
Hammer
black or white
Hammers
Shooting Star S hoot ho otin ing gS tarr ta black or white black
Shooting Star ?
High Wave Candles
High Wave Candle new high close, but??
High Wave Candle
High Wave Candle
Who’s in Charge?
Who’s in Charge Now?
Convergence Convergence of Candles Define Support
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Engu ngulf lfi iing ng Pat t erns lfing Bullish Engulfing Pattern
Bearish Engulfing Pattern
Engulfing Patterns Bearish
Bullish
Bullish Engulfing Pattern
Bearish Engulfing Pattern
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The Trading Triad Candle Charts
Western
Capital Preservation
Volume confirms signal
High Volume Hammer
STOPS Bearish Engulfing Pattern
Shooting star
Shooting Star (convergence) Shooting Star
Web site: www. candlecharts.com
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E-mail:
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Telephone: 732.254.8660
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