Ralph Nelson Elliott (1871-1948) was an accountant and business executive with railroad companies in Mexico and Central America. A serious physical malady, possibly anemia left him bedridden and forced into retirement in 1929. As a distraction, Elliott turned to study the stock market and the historical price movement of the Dow Jones Industrial Average. Elliott
Dumping Top is a bearish Japanese Candlestick reversal pattern. The formation resembles the western Rounding Top chart pattern.
By Jonathan Yates When the defense of The Galleon Group founder Raj Rajaratnam rested on April 18, 2011, it was deploying the same strategy that Dennis Levine, the Drexel Burnham managing director, utilized in his trial for insider trading back in the mid 1980s: all the large sized profits were from publicly available research and
Doji Star is a two candlestick reversal formation. The pattern begins with a long bodied candle followed by a Doji gapping away from the first candlestick. The bullish Doji Star occurs in a downtrend beginning with a long bodied black candlestick. The second candlestick is a Doji which gaps below the first candle.
A reversal pattern on a Japanese Candlestick chart that can be bearish or bullish depending upon whether it is in an uptrend or downtrend. An Engulfing Pattern is a two candlestick pattern, where the first day is characterized by a small body, followed by a day whose body completely engulfs the previous day’s real body.