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17 Money Making Candle Formations

17 Money Making Candle Formations - 17 Money Making...

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INO G LOBAL M ARKETS : Free Quotes•Free Charts•Free Trials • Free Gifts http://www.ino.com Graphics & text from: Japanese Candlestick Charting Techniques by Steve Nison 17 Money Making Candlestick Formations Candlestick Line } Real Body Upper Shadow Lower Shadow Candlestick lines and charts -- tra- ditional Japanese charts whose individual lines look like candles, hence their name. The candle- stick line is comprised of a real body and shadows. See "Real body" and "shadow. " 1
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INO G LOBAL M ARKETS : Free Quotes•Free Charts•Free Trials • Free Gifts http://www.ino.com Graphics & text from: Japanese Candlestick Charting Techniques by Steve Nison 17 Money Making Candlestick Formations Belt-hold line -- there are bullish and bear- ish belt holds. A bullish belt hold is a tall white candlestick that opens on its low. It is also called a white opening shaven bottom . At a low price area, this is a bullish signal. A bearish belt hold is a long black candlestick which opens on its high. Also referred to as a black opening shaven head . At a high price level, it is considered bearish. Bullish Bearish Belt Hold Lines 2
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INO G LOBAL M ARKETS : Free Quotes•Free Charts•Free Trials • Free Gifts http://www.ino.com Graphics & text from: Japanese Candlestick Charting Techniques by Steve Nison 17 Money Making Candlestick Formations Counterattack Lines Bullish Bearish Counterattack lines -- following a black (white) candlestick in a downtrend (up- trend), the market gaps sharply lower (higher) on the opening and then closes unchanged from the prior session's close. A pattern which reflects a stalemate be- tween the bulls and bears. 3
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INO G LOBAL M ARKETS : Free Quotes•Free Charts•Free Trials • Free Gifts http://www.ino.com Graphics & text from: Japanese Candlestick Charting Techniques by Steve Nison 17 Money Making Candlestick Formations Dark-cloud cover -- a bearish reversal sig- nal. In an uptrend a long white candlestick is followed by a black candlestick that opens above the prior white candlestick's high. It then closes well into the white candlestick's real body. Dark-Cloud Cover 4
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INO G LOBAL M ARKETS : Free Quotes•Free Charts•Free Trials • Free Gifts http://www.ino.com Graphics & text from: Japanese Candlestick Charting Techniques by Steve Nison 17 Money Making Candlestick Formations Doji --a session in which the open and close are the same (or almost the same). There are different varieties of doji lines (such as a gravestone or long-legged doji) depending on where the opening and closing are in relation to the entire range. Doji lines are among the most important individual candle- stick lines. They are also components of important candlestick patterns.
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