Candle presentaion

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Candle presentaion

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

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