Discover how to read candlestick chart patterns correctly from Steve Nison to introduce candlestick charting to the Western world.

Steve Nison Candlestick Course explained the secret of the candlestick chart, and he was promoted the candlecharts.com, Steve Nison explained successful of shooting star candlestick pattern – Top Reversal and he teach the high wave candles Then he started the engulfing pattern that is the bullish engulfing pattern and bearish engulfing pattern and he teaches the top reversal pattern name as dark cloud cover and piercing pattern.

Secret of candlestick charting

Secret of candlestick charting analysis allows you to visualise price trends and gain insight into the behavior of financial markets to build effective trading strategies.

One of the Secret of candlestick charting methods traders most commonly used to show prices and study financial market movements is called candlestick analysis, an analysis based on information provided by Japanese candlestick charts. For more secret of candlestick charting click here

Know why you are in the market to relieve  boredom / to make profit.

– Antoroy

Steve Nison Book

The ultimate guide to mastering a crucial financial tool

Japanese candlestick charts have been used for technical analysis for many centuries and are becoming a popular tool for traders of all skill levels. In addition to its versatility, this ancient charting method can be used in conjunction with every other technical tool available, including traditional Western technical analysis.

The most comprehensive and trusted source to learn Japanese candlestick charting, this book has more than a hundred examples to illustrate how candlestick charting works. The author has spent years studying this essential technique and this book is a comprehensive guide to it.

You can purchase Steve Nison best book on booksamillion.com. Click below button to purchase books.

Japanese Candlestick Charting Techniques

Shooting Star Candlestick- Top Reversal

Shooting Star Candlestick the top reversal candlestick pattern formation is a single candle top reversal formation and a significant bearish reversal candlestick pattern occurring at the top of uptrends.  It is formed when the price is pushed higher and immediately rejected lower so that it leaves behind a long shadow to the upside. For more secret of candlestick charting click here

High wave Candles

Candlestick pattern with very long upper and lower shadows and a small real body on a Japanese candlestick chart. It shows that the market is losing its direction bias that it had before this high wave candle appeared. If the real body is a doji instead of a small real body, it is a long-legged doji. For more secret of candlestick charting click here

Engulfing Pattern Candlestick

Engulfing pattern in the forex market provide a useful way for traders to enter the market in anticipation of a possible reversal in the trend. This article explains what the engulfing candle pattern is, the trading environment that gives rise to the pattern, and how to trade engulfing pattern candlesticks in forex. For more secret of candlestick charting click here

Bullish Engulfing Pattern:

Bullish engulfing pattern is a two candlestick pattern which appears at the bottom of the downtrend. As the name suggests, this is a bullish pattern which prompts the trader to go long. The prerequisites for the pattern are as follows:

  1. The prior trend should be a downtrend
  2. The first day of the pattern should be a red candle reconfirming the bearishness in the market
  3. The candle on the 2nd day of the pattern should be blue, long enough to engulf the red candle.

For more secret of candlestick charting click here

Bearish Engulfing Pattern:

Bearish engulfing pattern is a two candlestick pattern that appears at the top end of the trend, making it a bearish pattern. The thought process remains very similar to the bullish engulfing pattern, except one has to think about it from a shorting perspective. For more secret of candlestick charting click here

Dark Cloud Cover

Dark Cloud Cover(this is also a top reversal Pattern) is a bearish reversal candlestick pattern where a down candle and the color typically black or red opens, above the close of the prior up candle and the typically white or green, and then closes below the midpoint of the up candle. For more secret of candlestick charting click here

The Blended Candlestick

What is a blended candle? When two single candle lines are combined, the meaning on the chart can become much more significant. You’ll get an even sharper view into the psychology of the market – and the potential for a market reversal. Blended candles go hand-in-hand with multiple time frame analysis, which is a skill you need to better identify the overall trend of the market and generate rock-solid entry and exit points.

Piercing Pattern

A piercing pattern is a two-day, candlestick price pattern that marks a potential short-term reversal from a downward trend to an upward trend. The pattern includes the first day opening near the high and closing near the low with an average or larger-sized trading range. It also includes a gap down after the first day where the second day begins trading, opening near the low and closing near the high. The close should also be a candlestick that covers at least half of the upward length of the previous day’s red candlestick body.

Harami

A two-candlestick charting pattern in which a small real body holds within the prior session’s unusually large black body. The color of the second real body can be white or black.

Harami is a two candle pattern. The first candle is usually long, and the second candle has a small body. The second candle is generally opposite in colour to the first candle. On the appearance of the harami pattern, a trend reversal is possible. There are two types of harami patterns – the bullish harami and the bearish harami.

Bull Harami:

bullish harami is a candlestick chart indicator for reversal in a bear price movement. It is generally indicated by a small increase in price (signified by a white candle) that can be contained within the given equity’s downward price movement (signified by black candles) from the past couple of days.

Bear Harami:

A bearish harami is a two bar Japanese candlestick pattern that suggests prices may soon reverse to the downside. The pattern consists of a long white candle followed by a small black candle. The opening and closing prices of the second candle must be contained within the body of the first candle. An uptrend precedes the formation of a bearish harami.

Trend Reversible Pattern

In technical analysis, transitions between rising and falling trends are often signaled by price patterns. By definition, a price pattern is a recognizable configuration of price movement that is identified using a series of trendlines and/or curves.

When a price pattern signals a change in trend direction, it is known as a reversal pattern; a continuation pattern occurs when the trend continues in its existing direction following a brief pause.

Technical analysts have long used price patterns to examine current movements and forecast future market movements.

Morning Star: – Bottom Reversal pattern

The Morning Star candlestick is a three-candle pattern that signals a reversal in the market and can be used when trading forex or any other market. Correctly spotting reversals is crucial when trading financial markets because it allows traders to enter at attractive levels at the very start of a possible trend reversal. For more details click the Steve Nison Candlestick course

Evening Star: – Top Reversal Pattern

The Evening Star candlestick is a three-candle pattern that signals a reversal in the market and is commonly used to trade forex. Correctly spotting reversals is crucial when trading financial markets because it allows traders to enter at attractive levels at the very start of a possible trend reversal. For more details click the Steve Nison Candlestick course

Evening Star Vs Island Top:

An evening star is a stock-price chart pattern used by technical analysts to detect when a trend is about to reverse. It is a bearish candlestick pattern consisting of three candles: a large white candlestick, a small-bodied candle, and a red . For more details click the Steve Nison Candlestick course

Evening star patterns are associated with the top of a price uptrend, signifying that the uptrend is nearing its end. The opposite of the evening star is the morning star pattern, which is viewed as a bullish indicator.

Steve Nison Candlestick Course video
Candlestick Pattern Images

Steve Nison candlestick Course:

Candlestick charting techniques is more popular than ever before, with a legion of new traders and investors being introduced to the concept by some of today’s hottest investment gurus. Having introduced the candlestick technique to the West through two of his bestselling books, Steve Nison is regarded as a luminary in the field of candlestick charting.

Secret of candlestick charting techniques, The Steve Nison Candlestick Course, Steve Nison explains patterns of varying complexity and tests the reader’s knowledge with quizzes, Q&As, and intensive examples. In accessible and easy-to-understand language, Steve Nison Candlestick course offers expert secret of candlestick charting on the practical applications of candlestick charting to give every level of investor a complete understanding of this proven, profitable, and time-tested investing secret of candlestick charting technique. Straightforward answers quickly clarify this easy-to-use charting method. Steve Nison Candlestick Course guide will allow readers to recognise and implement various candlestick patterns and lines in today’s real-world trading environment–giving them a noticeable edge in their trading activities For more details click the Steve Nison Candlestick course

About Steve Nison:

Steve Nison, the author of Japanese Candlestick Charting Techniques and Beyond Candlesticks, is acknowledged as the leading authority on the subject of candlestick charts. His work has been highlighted in the Wall Street Journal, Barron’s, Worth magazine, Institutional Investor, and other publications around the world.

Steve Nison has appeared numerous times on CNBC, and his segment on FNN (the precursor to CNBC) brought in the most viewers that network ever had. He has taught thousands of traders and investors around the world. Nison holds an MBA in finance and investments and was a senior technical analyst at Merrill Lynch and a senior vice president at Daiwa Securities. He was among the first to receive the Chartered Market Technician (CMT) designation from the Market Technicians Association (MTA). Nison is founder and president of candlecharts.com, which provides educational products and advisory services.

Gratia Mario

The founder of traderma.com has 15 years of experience in the financial markets. She aims to make trading and investing easy to understand for everyone, and she has been interested in developing the money management techniques.

View all posts

1 comment

Your email address will not be published.

  • Thank you for sharing this! If there are more parts to this seminar that you could share, I would be very happy to watch them!

Gratia Mario

The founder of traderma.com has 15 years of experience in the financial markets. She aims to make trading and investing easy to understand for everyone, and she has been interested in developing the money management techniques.

Advertisement

Advertisement

Log In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.