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11 Winning Candlestick Patterns Part 1-C

This document discusses 11 winning candlestick patterns used in Japanese candlestick charting techniques. It defines the basic candlestick line as comprised of a real body and shadows. It then summarizes 4 key candlestick patterns: 1) Doji lines, which have the same open and close price; 2) Engulfing patterns, where a large candlestick engulfs a smaller opposite color candlestick, signaling a reversal; 3) Doji star pattern, where a doji gaps from a long candlestick, indicating a reversal; 4) Evening doji star pattern, similar to an evening star but with a doji middle candlestick, seen as more bearish.

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Rosdi Chik
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8K views6 pages

11 Winning Candlestick Patterns Part 1-C

This document discusses 11 winning candlestick patterns used in Japanese candlestick charting techniques. It defines the basic candlestick line as comprised of a real body and shadows. It then summarizes 4 key candlestick patterns: 1) Doji lines, which have the same open and close price; 2) Engulfing patterns, where a large candlestick engulfs a smaller opposite color candlestick, signaling a reversal; 3) Doji star pattern, where a doji gaps from a long candlestick, indicating a reversal; 4) Evening doji star pattern, similar to an evening star but with a doji middle candlestick, seen as more bearish.

Uploaded by

Rosdi Chik
Copyright
© Attribution Non-Commercial (BY-NC)
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11 Winning

CandIestick
Patterns
http://www.traderstruthrevealed.com
http://www.traderstruthrevealed.com
Graphics & text from: Japanese Candlestick Charting Techniques by Steve Nison
11 Winning
Candlestick Patterns
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
http://www.traderstruthrevealed.com
Graphics & text from: Japanese Candlestick Charting Techniques by Steve Nison
11 Winning
Candlestick Patterns
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.
Grave-
Stone
Long
Legged
1. Doji
2
http://www.traderstruthrevealed.com
Graphics & text from: Japanese Candlestick Charting Techniques by Steve Nison
11 Winning
Candlestick Patterns
2. Engulfing Patterns
Engulfing patterns -- there is a bullish and
bearish engulfing pattern. A bullish engulfing
pattern is comprised of a large whie real body
which engulfs a small black real body in a down-
trend. The bullish engulfing pattern is an impor-
tant bottom reversal. A bearish engulfing pattern
(a major top reversal pattern), occurs when sell-
ing pressure overwhelms buying pressure as
refleccted by a long black real body engulfing a
small white real body in an uptrend.
Bearish Bullish
3
http://www.traderstruthrevealed.com
Graphics & text from: Japanese Candlestick Charting Techniques by Steve Nison
11 Winning
Candlestick Patterns
3.Doji Star
Doji star -- a doji line which gaps from
a long white or black candlestick. An
important reversal pattern with confir-
mation during the next session.
4
http://www.traderstruthrevealed.com
Graphics & text from: Japanese Candlestick Charting Techniques by Steve Nison
11 Winning
Candlestick Patterns
Evening doji star -- the same as an
evening star except the middle candle-
stick (i.e., the star portion) is a doji
instead of a small real body. Because
there is a doji in this patter, it is consid-
ered more bearish than the regular
evening star.
4.Evening Doji Star
5

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