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.
Bearish Deliberation is a three candlestick bearish reversal pattern. The formation occurs in an uptrend. The first two candles are white and long bodied, the second opening and closing higher than the first. The third candlestick gaps higher than the close of the second candlestick and has a small body.
The Shooting Star Japanese Candlestick is a bearish single candle pattern that appears during an uptrend. It opens higher, trades still higher, creating a long upper shadow. It then closes near its open, leaving little or no lower shadow, and a small real body.
Munehisa Homma (1724-1803), also referred to as Sokyu Homma or Sokyu Honma, was a wealthy rice merchant from Sakata, Japan who lived during during the Tokugawa Shogonate. The Dojima Rice Exchange of Osaka, established in 1697 was the worlds first futures exchange. Initially, only physical rice was traded, but beginning in 1710 a futures market