candlestick charting basics - steve nison 2004

Candlestick Charting Basics: Spotting the Early Reversals Signals 555 Route 18 South PMB 2000 East Brunswick, NJ 08816 USA Telephone: 732-254-8660 Facsimile: 732-390-6625 Web site: www.candlecharts.com E–mail: nison@candlecharts.com By Steve Nison, CMT President, Candlecharts.com Inc. “Japan's Candlesticks Light Traders' Path” Wall Street Journal “Whether you day trade or hold positions candlesticks are a must” Investors Library “Candlesticks: A New Light in Technical Analysis” Barron’s Media Comments open open close close open open Real Body high low Shadow Real Bodies / Shadows Doji Constructing the Candle Line Constructing the Candle Line close close Drawing Candle Lines Drawing Candle Lines 21 22 23 24 25 26 27 28 session open high low close 1 23 26 21 25 2 26 28 23 27 3 23 27 22 22 4 25 28 22 25 5 27 27 25 25 1 2 3 4 5 21 22 23 24 25 26 27 28 session open high low close 1 23 26 21 25 2 26 28 23 27 3 23 27 22 22 4 25 28 22 25 5 27 27 25 25 1 2 3 4 5 Drawing Candle Lines Drawing Candle Lines Small Real Bodies (spinning tops) Candle(stick ) Chart - spinning tops Small Real Bodies Small Real Bodies Doji Doji Doji after tall white candle Doji after tall white candle [...]... Western Capital Preservation 32 Volume confirms signal High Volume Hammer 33 STOPS Bearish Engulfing Pattern Shooting star Shooting Star (convergence) Shooting Star ?Web site: www candlecharts.com ?E-mail: nison@ candlecharts.com ?Telephone: 732.254.8660 . Candlestick Charting Basics: Spotting the Early Reversals Signals 555 Route 18 South PMB 2000 East Brunswick, NJ 08816 USA Telephone: 73 2-2 5 4-8 660 Facsimile: 73 2-3 9 0-6 625 Web site:. 73 2-3 9 0-6 625 Web site: www.candlecharts.com E–mail: nison@ candlecharts.com By Steve Nison, CMT President, Candlecharts.com Inc. “Japan's Candlesticks Light Traders' Path” Wall Street. Traders' Path” Wall Street Journal “Whether you day trade or hold positions candlesticks are a must” Investors Library “Candlesticks: A New Light in Technical Analysis” Barron’s Media Comments open open close close open open Real