Japanese candlestick charting techniques (Steve Nison, 1991)

Reversal
  • Almost same length candle
    • Dark cloud cover (bearish candle with higher high and full body).
      • Bullish candle followed by bearish.
    • Pattern piercing (bullish candle with lower low and full body).
      • Bearish candle followed by bullish.
  • Stars
    • Evening star (and hang man and hammer).
    • Morning star (and inverted hammer).
    • Shooting star.
    • Doji star.
    • Bullish tri-star.
    • Bearish tri-star.
    • Rickshaw man (long legged doji).
  • Harami
    The shadow can exceed mother's length
    • Bearish mother with bullish baby near the lower body.
      • Bullish engulfing.
      • Tweezer bottom.
    • Bullish mother with bearish baby near the upper body.
      • Bearish engulfing.
      • Tweezer top.
  • Crows
    • Upside gap two crows.
    • Two crows.
  • Counterattack line.
    The close met at the same place.
    • Bearish counterattack line: bullish candle then bearish candle.
      • Bullish meeting line.
    • Bullish counterattack line: bearish candle then bullish candle.
      • Bearish meeting line.
  • 3 middle range candles
    • 3 white soldiers.
      • 3 advancing white soldier.
      • Advance block.
      • Stalled pattern.
    • 3 black crows.

Continuation

  • Mat-hold pattern
    • Like the uppercase N.
      • Can also happen to have a window gap in the beginning of the N.
      • Do not enter if the exit of the N also have a window gap.
    • 3 short rising or falling candle with HH and HL or LL and LH.
    • Falling three method.
    • Rising three method.
  • Tasuki gap
    • Candle + gap + candle + reverse candle.
    • Downward tasuki gap.
    • Upward tasuki gap.

Patterns

  • Reversal
    • 3 mountain top (triple top).
    • 3 river bottom (triple bottom).
    • 3 buddha (head and shoulder).
    • Inverted 3 buddha (inverted head and shoulder).
    • Gentle semi circle + a small window gap.
      • Dumpling top.
      • Fry pan bottom.
    • Towers.
      Long candles with small ones to top or bottom then long opposite candle.
      • Tower top (bearish breakaway).
      • Tower bottom (bullish breakaway).
    • Spring
      Long shadow and quickly spring back to the candle body.

Comments

Popular posts from this blog

Kokology Questions & Answers

Neuro-Linguistic Programming Models Summary (02 of 14)

Neuro-Linguistic Programming Models Summary (11 of 14)