Beyond Candlesticks: New Japanese Charting Techniques Revealed (Steve Nison, 1994)

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  • See no evil - whenever there is bullish or bearish trend, get ready to go opposite direction.
  • Hear no evil - whenever there is a bullish or bearish news, stop trading.
  • Speak no evil - don't tell anyone what you going to do in the market.
  • Long black confirms resistance

  • Spinning top warn the lose of market momentum

  • Doji is "tired" in Japanese

  • Long shadow candles also called high-waves. The market lost its sense of direction in a trend when a high-waves emerge

  • Hammer, hammering out the base

  • Hanging man, the top become fragile

  • Shooting star

  • Dark cloud cover

  • Piercing pattern

  • Engulfing pattern (where the next candle is in opposite trend and much larger than itself)
  • Harami (pregnant woman)

  • Evening star, 3 candle patterns. There is stillness in the middle


  • Do not trust the technical tools too much, even monkeys fall from the tree.
  • In a trend, it is easier to run downhill than up one.
  • Disparity index: comparing the close to the moving average
  • Divergence index: how much price is diverted from the moving average

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