Bullish Harami Candlestick Play Instructions

Step 1 – Look for a BULLISH HARAMI resting on MINOR PRICE SUPPORT, and/or a rising Major Moving Average (10 MA, 20 MA, or 50 MA) on the daily chart. Step 2 – Pull up a 15 min. chart of the stock. Step 3 – Note the high price of the previous day’s daily HARAMI … Read more

Bollinger Bands® – The Basic Rules

One of the great joys of having invented an analytical technique such as Bollinger Bands is seeing what other people do with it. While there are many ways to use Bollinger Bands, following are a few rules that serve as a good beginning point. 1. Bollinger Bands provide a relative definition of high and low. … Read more

Bearish Harami Candlestick Play Instructions

Step 1 – Look for a BEARISH HARAMI against MINOR PRICE RESISTANCE, and/or against a declining Major Moving Average (10 MA, 20 MA, or 50 MA) on the daily chart. Step 2 – Pull up a 15 min. chart of the stock. Step 3 – Note the low price of the previous day’s daily HARAMI … Read more

3 Soldiers Candlesticks

Step 1 – Look for 3 WHITE SOLDIERS against Minor Price Resistance, and/or a declining Major Moving Average (10 MA, 20 MA, or 50 MA). Ideally you want to find a series of 3 green candlesticks; however, 2 green candlesticks can also work well. Step 2 – Pull up a 15 min. chart of the … Read more

3 Black Crows Candlestick Play Instructions

Step 1 – Look for 3 BLACK CROWS resting on Minor Price Support, and/or a rising Major Moving Average (10 MA, 20 MA, or 50 MA). Ideally you want to find a series of 3 red candlesticks; however, 2 red candlesticks can also work well. Step 2 – Pull up a 15 min. chart of … Read more