There are 100 candlestick patterns with
which traders should be familiar and 21 candles they should
know by name. Knowing their names allows traders to spot them
more easily and assess their implications. When faced with the
need for a quick decision during the heat of trading, the
trader who can name these 21 candles has a distinct advantage
over the one who can't.
One could easily ask, why do candlesticks
continue to gain such power in the market? The answer can be
found in the clear and straight-forward nature of the
candlesticks themselves—offering traders the ability to see
the bigger picture. Continuation patterns, reversal patterns,
emerging trends, bottom and tops -- all of these insights
manifest in a way that other charting systems just can't
compete with. And from an array of nearly 100 charts, Dr.
Pasternak has chosen the 21 most important ones.
-
Learn about the candlesticks every trader
must know by name
-
Learn about the candlesticks that occur
most often
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Learn about the candlesticks that will
immediately affect your decisions
-
Learn to increase your accuracy and
predict with confidence
Candles combine perfectly with other tools
of technical analysis such as support and resistance, moving
average, and indicators such as MACD.
PREFACE
LESSON 1- WHAT YOU SHOULD KNOW ABOUT CANDLESTICKS
CANDLESTICKS ANTICIPATE, INDICATORS FOLLOW, AND TRENDLINES CONFIRM How To
Read A Candlestick Chart
Bar vs. Candlestick Charts
Optimism and Pessimism as Shown by Candles
Advantages of Candle vs. Bar Charts
Candles Anticipate Short Term Reversals
Why Candlesticks Work
“The Rule of Two”
Candles in Action: Dow Jones Analysis
Bullish Engulfing
The Hammer
The Doji
Gravestone Doji
Back to the Dow Jones Chart
Summary
LESSON 2- JAPANESE CANDLESTICK CHARTING
CANDLES EVERY TRADER SHOULD KNOW BY NAME
Candles 1-4: The Four Dojis Show That Have Stalled
Candles 5-6: Hammer & Hangman Candlesticks Signal Key Reversals
Candles 7-8: Bullish and Bearish Engulfing Candles Spot Trend Changes Before
They Take Place
Candle 9: Dark Cloud Cover Warns of Impending Minor Tops
Candle 10: The Piercing Candle Is a Potent Reversal Signal
Candles 11-12: The Three Candle Evening and Morning Star Patterns Signal Major
Reversals
Candle 13: The Shooting Star Can Wound
Candle 14: The Inverted Hammer Indicates The Shots May Be Ready To Cover
Candle 15: The Harami is “Pregnant” With Trading Possibilities
Candle 16: The “Full” Marubozu Is a Candle Without Shadows
Candles 17-18: High Wave and Spinning Top Express Doubt and Confusion
Candle 19: The Ominous Call of Three Black Crows
Candle 20: Three Advancing White Soldiers Can Help You Fight for Profits
Candle 21: Tweezers can Help You Pull Profits Out of the Market
LESSON 3- INTEGRATING MULTIPLE CANDLESTICKS & INDICATORS
ROUND NUMBER RESISTANCE, CANDLESTICKS, AND
INDICATORS
LESSON 4- GAPS FROM A JAPANESE CANDLESTICK VIEWPOINT
WHAT IS A GAP?
The Four Types of Gaps
Candlestick Theory on Gaps
SYNTHESIS OF WESTERN WISDOM AND EASTERN INSIGHT
A CONCLUDING CHALLENGE
TRADING RESOURCE GUIDE
