Candlestick Chart Essentials

Author: Morris
Publisher:
Publish Date: 2004-06-01
Features: Japanese candlestick charts are one of the most important technical tools today. This book argues how candlestick charts can be used to identify and anticipate price patterns in financial and commodity markets. It is comprehensive and authoritative, demonstrating how to combine candlestick charts with other technical tools to filter profitable trades, covering topics such as candlestick charts and line charts, using candlestick reversal and continuation patterns, trading with candlestick charts, and more. The book analyzes all possible candlestick chart patterns, including their identification methods, market analysis, trend changes, and related case studies, and introduces a new analytical method called "candlestick filtering." The author skillfully combines quantitative reasoning with intuitive art through numerous illustrations, establishing a rigorous theoretical framework for more accurate judgment of timing and decision-making in stock and futures markets, providing a visual analytical method for examining market psychology. The author also combines candlestick charts with other technical indicators to enhance the ability to capture market timing. Standard definitions and explanations are provided for each chart, making it a reference manual for readers to consult.