The Candlestick Course (Steve Nison, 2003)

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  • A break of resistance means a close above a resistance area.
  • Reversal
    • Hammer, hanging man, shooting star.
    • Doji, dragonfly doji, gravestone doji, northern doji, southern doji.
  • Spinning top: small real body.
  • High wave: long upper and lower shadow.
  • A doji means the market is in a stalemate and indecision, it become vulnerable to correction.
  • Northern doji are most effective when the market is very overbought and the doji appears at a resistance area.
  • Use doji with support and resistance or channel lines.
  • A bullish or bearish belt-hold is important when they are near support or resistance.
  • 3 white soldier or 3 black crow can be a sign of overbought and oversold.

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