Learn to recognize the classic reversal and continuation candlestick chart patterns. Topics covered include the origins of Japanese Candlestick Charting, the Anatomy of a Japanese Candlestick, and many more.
Tag Archives | Technical Analysis
The economy and the stock market usually don’t turn on a dime. Their behavior is more like an oil tanker, needing time and space to change direction. In the stock market this shift is called a topping process and typically has two characteristics: 1. The range of its high to its low is between 10 […]
This week we feature seven key charts to watch. The first is Applied Materials (AMAT), which looks like it’s getting ready to take off and challenge its prior high somewhere between 14.77 and 14.80, maybe even as high as 14.98. It closed at 14.47 on Friday, but looks like it’s poised to challenge the 15 […]
This week we look at a few of the financials to analyze the chart structures after Friday’s major downside reversal in Goldman Sachs Group (GS) and other related financials. Apart from whether Goldman is innocent or guilty of the charges levied by the SEC, the indelible impression left by Friday afternoon’s trading is that GS […]
Bearish Separating Lines is a continuation pattern that occurs in a downtrend with a long bodied white candlestick followed by a black candlestick with the same opening price as the first but with no upper wick.
Bullish Separating Lines is a continuation pattern that occurs in an uptrend with a long bodied black candlestick followed by a white candlestick with the same opening price as the first but with no lower wick. For a complete printable reference see also: Japanese Candlesticks PDF Ebook