candle presentaion

24
Candlesticks Basic understanding How to use them

Upload: jenn-astwood

Post on 25-May-2015

1.640 views

Category:

Documents


3 download

DESCRIPTION

Original version of candlestick presentation

TRANSCRIPT

Page 1: Candle presentaion

Candlesticks Basic understanding

How to use them

Page 2: Candle presentaion

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

Page 3: Candle presentaion

Look For the 3 C’s

ContentClarity

Conformation

Page 4: Candle presentaion

What Candlesticks Tell Us

Indicators that signal

1.A trend reversal 2.Conformation of trend3. Indecision in strength of

the Trend

Page 5: Candle presentaion

Candlesticks

Bullish Real

Body Color:

-Hollow

-White

-Green

Bearish Real

Body Color:

-Shaded

-Black

-Red

Page 6: Candle presentaion

Are You Ready For Some Basic Patterns?

Page 7: Candle presentaion
Page 8: Candle presentaion

Reversal Phenomena

Page 9: Candle presentaion

Hammers & Hanging Man(Takuri and Kubitsuri)

Page 10: Candle presentaion
Page 11: Candle presentaion
Page 12: Candle presentaion
Page 13: Candle presentaion

STARS(Hoshi)

Page 14: Candle presentaion
Page 15: Candle presentaion
Page 16: Candle presentaion
Page 17: Candle presentaion

Continuation Formations

Page 18: Candle presentaion

GAPS & WINDOWS

A. B.

C.

Page 19: Candle presentaion
Page 20: Candle presentaion
Page 21: Candle presentaion

Where Can You Find Candlesticks on the Investools

Website

Page 22: Candle presentaion

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)

Page 23: Candle presentaion

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

Page 24: Candle presentaion

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.