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Candlestick Patterns
By:-vinay sharma
Introduction
• THE CANDLESTICK TRADING BIBLE
Japanese candlesticks are the language of
financial markets, if you get the skill of
reading charts, you will understand what the
market is telling you, and you will be able to
make the right decision in the right time.
• ANDLESTICK TRADING BIBLE
• THE CANDLESTICK TRADING BIBLE
• THE CANDLESTICK TRADING BIBLE
• Candlestick patterns are an integral part of technical
analysis, candlestick patterns emerge because human actions
and reactions are patterned and constantly repeated.
• In this section you will learn how to recognize the most
important candlestick patterns, the psychology behind it’s
formation, and what do they indicate when they form in the
market.
• Candlestick patterns are an integral part of technical
analysis, candlestick patterns emerge because human actions
and reactions are patterned and constantly repeated.
• In this section you will learn how to recognize the most
important candlestick patterns, the psychology behind it’s
formation, and what do they indicate when they form in the
market.
• The Japanese were looking at charts as far back as the 17th century, whereas
the earliest known charts in the US appeared in the late 19th century.
• Rice trading had been established in Japan in 1654, with gold, silver and rape
seed oil following soon after.
• Rice markets dominated Japan at this time and the commodity became,
it seems, more important than hard currency.
• Munehisa Homma (aka Sokyu Honma), a Japanese rice trader born in the
early 1700s, is widely credited as being one of the early exponents of tracking
price action.
• He understood basic supply and demand dynamics, but also identified the fact
that emotion played a part in the setting of price.
• He wanted to track the emotion of the market players, and this work became
the basis of candlestick analysis.
• He was extremely well respected, to the point of being promoted to Samurai
status.
• The Japanese did an extremely good job of keeping candlesticks quiet from the
Western world, right up until the 1980s, when suddenly there was a large cross-
pollination of banks and financial institutions around the world.
What is a candlestick?
Japanese candlesticks are formed using the open high, low
and close of the chosen time frame.
• If the close is above the open, we can say that the
candlestick is bullish which means that the market
is rising in this period of time. Bullish candlesticks
are always displayed as GREEN candlestick.
• If the close is below the open, we can say that the
candlestick is bearish which indicates that the
market is falling in this session. Bearish candles are
always displayed as black/RED candlesticks. But this
is not a rule.
• You can find different colors used to
differentiate between bullish and bearish
candlesticks.
• -The filled part of the candlestick is called the
real body.
• -The thin lines poking above and below the
body are called shadows.
• -The top of the upper shadow is the high
• -The bottom of the lower shadow is the low.
• Long bodies refer to strong buying or selling pressure, if there is a candlestick in which the close is above the
open with a long body, this indicates that buyers are stronger and they are taking control of the market during this
period of time.
• Conversely, if there is a bearish candlestick in which the open is above the close with a long body, this means
that the selling pressure controls the market during this chosen time frame.
• -Short and small bodies indicate a little buying or selling activity.
• Long bodies refer to strong buying or selling pressure, if there is a candlestick in which the close is above the
open with a long body, this indicates that buyers are stronger and they are taking control of the market during this
period of time.
• Conversely, if there is a bearish candlestick in which the open is above the close with a long body, this means
that the selling pressure controls the market during this chosen time frame.
• -Short and small bodies indicate a little buying or selling activity.
• Long bodies refer to strong buying or selling pressure, if there is a candlestick in which the close is above the
open with a long body, this indicates that buyers are stronger and they are taking control of the market during this
period of time.
• Conversely, if there is a bearish candlestick in which the open is above the close with a long body, this means
that the selling pressure controls the market during this chosen time frame.
Candlestick shadows (tails)
• The upper and lower shadows give us
important information about the trading session.
• -Upper shadows signify the session high
• -Lower shadows signify the session low
• Candlesticks with long shadows show that
trading action occurred well past the open and
close.
Candlestick Patterns.pptx
Candlestick Patterns.pptx
Candlestick Patterns.pptx
Candlestick Patterns.pptx
Candlestick Patterns.pptx
Candlestick Patterns.pptx
Candlestick Patterns.pptx
Candlestick Patterns.pptx
Candlestick Patterns.pptx
Candlestick Patterns.pptx
Candlestick Patterns.pptx
Candlestick Patterns.pptx
Candlestick Patterns.pptx
Candlestick Patterns.pptx
Candlestick Patterns.pptx

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Candlestick Patterns.pptx

  • 2. Introduction • THE CANDLESTICK TRADING BIBLE Japanese candlesticks are the language of financial markets, if you get the skill of reading charts, you will understand what the market is telling you, and you will be able to make the right decision in the right time. • ANDLESTICK TRADING BIBLE • THE CANDLESTICK TRADING BIBLE • THE CANDLESTICK TRADING BIBLE
  • 3. • Candlestick patterns are an integral part of technical analysis, candlestick patterns emerge because human actions and reactions are patterned and constantly repeated. • In this section you will learn how to recognize the most important candlestick patterns, the psychology behind it’s formation, and what do they indicate when they form in the market. • Candlestick patterns are an integral part of technical analysis, candlestick patterns emerge because human actions and reactions are patterned and constantly repeated. • In this section you will learn how to recognize the most important candlestick patterns, the psychology behind it’s formation, and what do they indicate when they form in the market.
  • 4. • The Japanese were looking at charts as far back as the 17th century, whereas the earliest known charts in the US appeared in the late 19th century. • Rice trading had been established in Japan in 1654, with gold, silver and rape seed oil following soon after. • Rice markets dominated Japan at this time and the commodity became, it seems, more important than hard currency. • Munehisa Homma (aka Sokyu Honma), a Japanese rice trader born in the early 1700s, is widely credited as being one of the early exponents of tracking price action. • He understood basic supply and demand dynamics, but also identified the fact that emotion played a part in the setting of price. • He wanted to track the emotion of the market players, and this work became the basis of candlestick analysis. • He was extremely well respected, to the point of being promoted to Samurai status. • The Japanese did an extremely good job of keeping candlesticks quiet from the Western world, right up until the 1980s, when suddenly there was a large cross- pollination of banks and financial institutions around the world.
  • 5. What is a candlestick? Japanese candlesticks are formed using the open high, low and close of the chosen time frame.
  • 6. • If the close is above the open, we can say that the candlestick is bullish which means that the market is rising in this period of time. Bullish candlesticks are always displayed as GREEN candlestick. • If the close is below the open, we can say that the candlestick is bearish which indicates that the market is falling in this session. Bearish candles are always displayed as black/RED candlesticks. But this is not a rule.
  • 7. • You can find different colors used to differentiate between bullish and bearish candlesticks. • -The filled part of the candlestick is called the real body. • -The thin lines poking above and below the body are called shadows. • -The top of the upper shadow is the high • -The bottom of the lower shadow is the low.
  • 8. • Long bodies refer to strong buying or selling pressure, if there is a candlestick in which the close is above the open with a long body, this indicates that buyers are stronger and they are taking control of the market during this period of time. • Conversely, if there is a bearish candlestick in which the open is above the close with a long body, this means that the selling pressure controls the market during this chosen time frame. • -Short and small bodies indicate a little buying or selling activity. • Long bodies refer to strong buying or selling pressure, if there is a candlestick in which the close is above the open with a long body, this indicates that buyers are stronger and they are taking control of the market during this period of time. • Conversely, if there is a bearish candlestick in which the open is above the close with a long body, this means that the selling pressure controls the market during this chosen time frame. • -Short and small bodies indicate a little buying or selling activity. • Long bodies refer to strong buying or selling pressure, if there is a candlestick in which the close is above the open with a long body, this indicates that buyers are stronger and they are taking control of the market during this period of time. • Conversely, if there is a bearish candlestick in which the open is above the close with a long body, this means that the selling pressure controls the market during this chosen time frame.
  • 9. Candlestick shadows (tails) • The upper and lower shadows give us important information about the trading session. • -Upper shadows signify the session high • -Lower shadows signify the session low • Candlesticks with long shadows show that trading action occurred well past the open and close.