Japanese Candlestick charting and techniques is one of the most effective ways to read price movements in the financial market. The methodology, so called because of its similarity to a candle, has been developed over the centuries in Eastern Asia.
It was originally used in Japan, during the Edo-p...
Japanese CANDLEST
“Enlightenment Through Realised Knowledge”
CKS
September 2011
Authors: Ron William MSTA, CMT & Sheba Jafari MSTA
,Bloomberg
Contents
INTRODUCTION
Historical footprints…………………………………………………..…….3
Why use Japanese Candlesticks?.......................................................4
Intrinsic price movement and psychology……….................................5
Candlestick construction………...…………….……..............................6
CANDLESTICK PATTERNS
Single Line
Doji…..……………………………………………………………………....8
Hammer..…………………………………………..….…………………....9
Shooting star………..…………………………..…….…………………..10
Hanging Man…………………..……………..……….…………............11
High Price Gapping Play/Low Price Gapping Play……………………12
Belt Hold Line……………………………………………………………..13
Two Line
Engulfing………………………………….………………………………14
Harami…………………………………….………………………………15
Piercing Line……………………………….……………………………..16
Dark Cloud Cover………………………………………………………...17
Tweezer Top/Tweezer Bottom………………………………………….18
Three Line
Morning Star……………………………………………………………...19
Evening Star……………………………………………………………....20
Upside-Gap Two Crows………………………………………………….21
Three White Soldiers……………………………………………………..22
2
, Three Black Crows……………………………………………………….23
Tasuki Gap………………………………………………………………..24
Gapping Side-by-Side White Lines…………………………………….25
Advance Block……………………………………………………………26
Abandoned Baby…………………………………………………………27
Rising Three Method/Falling Three Method…………………………...28
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