Candle presentaion
-
Upload
jenn-astwood -
Category
Documents
-
view
1.624 -
download
3
description
Transcript of Candle presentaion
Candlesticks Basic understanding
How to use them
Introduction to Candlesticks
• Use to time your entry in a stock or option
• Identifies possibility of current trend reversal or continuation
• Visually Appealing vs. Bar Charts
• Must be confirmed by another indicator
• Only for markets that have all data
Look For the 3 C’s
ContentClarity
Conformation
What Candlesticks Tell Us
Indicators that signal
1.A trend reversal 2.Conformation of trend3. Indecision in strength of
the Trend
Candlesticks
Bullish Real
Body Color:
-Hollow
-White
-Green
Bearish Real
Body Color:
-Shaded
-Black
-Red
Are You Ready For Some Basic Patterns?
Reversal Phenomena
Hammers & Hanging Man(Takuri and Kubitsuri)
STARS(Hoshi)
Continuation Formations
GAPS & WINDOWS
A. B.
C.
Where Can You Find Candlesticks on the Investools
Website
The Interactive Chart
• On the Graph Tab (Enter your Symbol)• Left Side Under Graph Links Select Interactive
Chart• Bottom Left of new Graph Click CLONE button• Maximize Window (if you are blind like me)• Top Left Default setting ‘Bar’ Click down arrow to
your right, select ‘Candle’• Apply Favorite Study Set (Workshop if you are
new, or Bowtie covered later)
Candlesticks Review
• Helpful to time entry an exit points
• Illustrates the battle between Buyers and Sellers.
• Not reliable to use as only indicator
• Easier to see direction of price moves
Resources*
Websites• www.IncredibleCharts.com• www.StockCharts.com• www.HotCandleCharts.com • www.CandleCharts.com • www.HardRightEdge.comBooks• Technical Analysis – PRING• Candlesticks - Steve Nision
*Other resources are available.