Investors and traders seek methods to identify reversal and continuation
to better time their trades. This applies for virtually everyone,
whether employing a swing trading strategy, engaging in options trading,
or timing entry and exit to spot bull and bear reversals. Key signals
are found in the dozens of candlesticks, combined with technical signals
such as gaps and moves outside of the trading range; size of wicks
(shadows) and size of real bodies. The science of candlestick analysis
has a proven track record not only from its inception in 17th century
Japan, but today as well.
This book explains and demonstrates candlestick signals, including both
the appearance of each but in context on an actual stock chart. It
further takes the reader through the rationale of reversal and
continuation signals and demonstrates the crucial importance of
confirmation (in the form of other candlesticks, traditional technical
signals, volume, momentum and moving averages).
Michael C. Thomsett is a market expert, author, speaker and coach. His
many books include Mathematics of Options, Real Estate Investor's
Pocket Calculator, and A Technical Approach to Trend Analysis.
A video of the author titled "Candlesticks for Option Timing" can be
found here:
https: //www.youtube.com/watch?v=IItH6OLh7TI