‫ﺑﺴﻢ ﺍﷲ ﺍﻟﺮﲪﻦ ﺍﻟﺮﺣﻴﻢ‬

‫إﻋﺪاد‪:‬‬
‫ﻣﺎﺟﺪ ﻓﻬﺪ ﺍﻟﻌﻤﺮﻱ‬
‫اﻟﻨﺎﺷﺮ‪:‬‬

‫‪ 2004‬م ‪ 1425 -‬هـ‬

 ‫ﺽ"‬
‫ﺚ ِﻓﻲ ﺍ َﻷﺭ ِ‬
‫ﺱ ﹶﻓَﻴﻤ ﹸﻜ ﹸ‬
‫ﺐ ُﺟ ﹶﻔﺎ ًﺀ َﻭﹶﺃ ﱠﻣﺎ َﻣﺎ َﻳﻨ ﹶﻔ ُﻊ ﺍﻟﱠﻨﺎ َ‬
‫" ﹶﻓﹶﺄ ﱠﻣﺎ ﺍﻟ ﱠﺰَﺑ ُﺪ ﹶﻓَﻴﺬ َﻫ ُ‬
‫) ﺍﻵﻳﺔ ‪ 17‬ﺳﻮﺭﺓ ﺍﻟﺮﻋﺪ (‬

‫ﻁ ُﻣﺴَﺘ ِﻘﻴﻢ "‬

‫ﺻ َﺮﺍ ٍ‬
‫ﺸﻲ َﺳ ِﻮّﻳﹰﺎ َﻋ ﹶﻠﻰ ِ‬
‫ﺸﻲ ُﻣ ِﻜّﺒﹰﺎ َﻋ ﹶﻠﻰ َﻭﺟ ِﻬ ِﻪ ﹶﺃﻫ َﺪﻯ ﹶﺃ ﱠﻣﻦ َﻳﻤ ِ‬
‫" ﹶﺃ ﹶﻓ َﻤﻦ َﻳﻤ ِ‬
‫) ﺍﻵﻳﺔ ‪ 22‬ﺳﻮﺭﺓ ﺍﳌﻠﻚ (‬

‫ﻼ"‬
‫ﻚ ﹶﺛ َﻮﺍﺑﹰﺎ َﻭ َﺧﲑٌ ﹶﺃ َﻣ ﹰ‬
‫ﺕ َﺧﲑٌ ِﻋﻨ َﺪ َﺭﱢﺑ َ‬
‫ﺤﺎ ُ‬
‫ﺼﺎِﻟ َ‬
‫ﺕ ﺍﻟ ﱠ‬
‫ﳊَﻴﺎ ِﺓ ﺍﻟ ﱡﺪﻧَﻴﺎ ﻭَﺍﻟﺒَﺎ ِﻗَﻴﺎ ُ‬
‫" ﺍ ﹶﳌﺎ ﹸﻝ َﻭﺍﻟَﺒُﻨﻮ ﹶﻥ ِﺯﻳَﻨ ﹸﺔ ﺍ ﹶ‬
‫) ﺍﻵﻳﺔ ‪ 46‬ﺳﻮﺭﺓ ﺍﻟﻜﻬﻒ (‬

‫‪2‬‬
 ‫◊ ﻣـــﻘـــﺪﻣـــﺔ‪:‬‬
‫ﺍﳊﻤﺪ ﷲ ﺭﺏ ﺍﻟﻌﺎﳌﲔ ﻭﺍﻟﺼﻼﺓ ﻭﺍﻟﺴﻼﻡ ﻋﻠﻰ ﺍﺷﺮﻑ ﺍﻷﻧﺒﻴﺎﺀ ﻭﺍﳌﺮﺳﻠﲔ ﺳﻴﺪﻧﺎ ﳏﻤﺪ ﻭﻋﻠﻰ ﺁﻟﻪ ﻭﺻﺤﺒﺔ ﺃﲨﻌﲔ‪ ..‬ﺃﻣﺎ ﺑﻌﺪ‪ ،،،‬ﻳﻌﺘﱪ ﻣﻮﺿـﻮﻉ‬
‫ﺗﺪﺍﻭﻝ ﺍﻷﺳﻬﻢ ﻭ ﺍﻟﻌﻤﻼﺕ ﻣﻦ ﺍﳌﻮﺍﺿﻴﻊ ﺍﳌﺘﺸﻌﺒﺔ ﻭﺍﻟﻜﺒﲑﺓ ﰲ ﻭﻗﺘﻨﺎ ﺍﳊﺎﺿﺮ ﻛﻤﺎ ﺃﻥ ﻛﻞ ﻣﻦ ﻳﺪﺧﻞ ﺇﱃ ﻋﺎﱂ ﺍﻷﺳﻬﻢ ﺃﻭ ﺍﻟﻌﻤﻼﺕ ﻳﺘﺤﺘﻢ ﻋﻠﻴﻪ ﺍﺳﺘﺨﺪﺍﻡ‬
‫ﺍﻟﻜﺜﲑ ﻣﻦ ﺍﻷﺩﻭﺍﺕ ﺍﻟﱵ ﺗﻌﻴﻨﻪ ﻋﻠﻰ ﺍﲣﺎﺫ ﺍﻟﻘﺮﺍﺭﺍﺕ ﺍﻟﺼﺎﺋﺒﺔ ﻭﻣﻦ ﺃﻛﺜﺮ ﻫﺬﻩ ﺍﻷﺩﻭﺍﺕ ﻭﺃﻓﻀﻠﻬﺎ ﺧﺮﺍﺋﻂ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ ﻓﻬﻲ ﻣﻦ ﺃﻛﺜﺮ ﺃﺩﻭﺍﺕ ﺍﻟﺘﺤﻠﻴﻞ‬
‫ﺍﻟﻔﲏ ﻓﺎﻋﻠﻴﺔ ﻧﻈﺮﹰﺍ ﳌﺎ ﺗﺘﻤﺘﻊ ﺑﻪ ﻣﻦ ﻣﺼﺪﺍﻗﻴﺔ ﻛﺒﲑﺓ ﻭﻗﺪ ﻛﺜﺮﺕ ﺍﻟﻜﺘﺐ ﻭﺍﳌﺆﻟﻔﺎﺕ ﺍﻟﱵ ﺗﺘﺤﺪﺙ ﻋﻦ ﻫﺬﺍ ﺍﳉﺎﻧﺐ ﻭﻣﻌﻈﻤﻬﺎ ﺑﺎﻟﻠﻐﺔ ﺍﻻﳒﻠﻴﺰﻳﺔ ﻭﻫﺬﺍ ﻣﺎ ﺟﻌﻞ‬
‫ﺍﻟﻜﺜﲑﻳﻦ ﳚﻬﻠﻮﻥ ﻛﻴﻔﻴﺔ ﺍﻻﺳﺘﻔﺎﺩﺓ ﻣﻦ ﻫﺬﻩ ﺍﻷﺩﺍﺓ ﺍﻟﻔﻌﺎﻟﺔ ﰲ ﻗﺮﺍﺀﺓ ﺧﺮﺍﺋﻂ ﺍﻷﺳﻬﻢ ﺃﻭ ﺍﻟﻌﻤﻼﺕ ﻭﻗﺪ ﺣﺎﻭﻟﺖ ﺟﺎﻫﺪﺍ ﰲ ﻫﺬﻩ ﺍﻟﺼﻔﺤﺎﺕ ﺃﻥ ﺃﺿﻊ ﺑﺪﺍﻳـﺔ‬
‫ﺃﻭ ﻣﻘﺪﻣﺔ ﳍﺬﺍ ﺍﳉﺎﻧﺐ ﻟﻌﻠﻪ ﺇﻧﺸﺎﺀ ﺍﷲ ﻳﻠﻘﻰ ﺍﻫﺘﻤﺎﻡ ﺍﻛﱪ ﰲ ﺍﳌﺴﺘﻘﺒﻞ‪.‬‬

‫ﺑﺪﺃﺕ ﻓﻜﺮﺕ ﻫﺬﺍ ﺍﻟﻌﻤﻞ ﻛﻮﺳﻴﻠﺔ ﺷﺨﺼﻴﺔ ﺍﺳﺘﻔﻴﺪ ﻣﻨﻬﺎ ﻣﻦ ﺧﻼﻝ ﺗﺪﺍﻭﱄ ﻭﻗﺪ ﻋﺎﻧﻴﺖ ﻛﺜﲑﹰﺍ ﺑﺴﺒﺐ ﻗﻠﺔ ﺍﳌﺼﺎﺩﺭ ﺍﻟﻌﺮﺑﻴﺔ ﺍﻟـﱵ ‪‬ـﺘﻢ ‪‬ـﺬﺍ‬
‫ﺍﳉﺎﻧﺐ ﺇﱃ ﺃﻥ ﻭﻓﻘﲏ ﺍﷲ ﻭﺑﺪﺃﺕ ﰲ ﲨﻊ ﻣﺎ ﺍﺳﺘﻄﻌﺖ ﻋﻠﻴﻪ ﻣﻦ ﻣﻘﺎﻻﺕ ﻭﺩﺭﻭﺱ ﺍﳒﻠﻴﺰﻳﺔ ﻭﺣﺎﻭﻟﺖ ﲢﻮﻳﻠﻬﺎ ﺇﱃ ﻧﺼﻮﺹ ﻋﺮﺑﻴﺔ ﺍﺳﺘﻔﻴﺪ ﻣﻨـﻬﺎ ﰲ ﻗـﺮﺍﺀﺓ‬
‫ﺧﺮﺍﺋﻂ ﺍﻷﺳﻬﻢ ﻭﱂ ﻳﻜﻦ ﻟﺪﻱ ﺃﻱ ﻓﻜﺮﺓ ﻟﻨﺸﺮ ﻫﺬﺍ ﺍﻟﻌﻤﻞ ﻟﻜﻨﲏ ﺑﺎﻟﻔﻌﻞ ﻋﻨﺪﻣﺎ ﺃﺗﺬﻛﺮ ﺣﺠﻢ ﺍﳌﻌﺎﻧﺎﺓ ﻭﺍﻟﺼﻌﻮﺑﺎﺕ ﺍﻟﱵ ﻭﺍﺟﻬﺘﲏ ﻭﺍﻟﱵ ﻗﺪ ﻳﻮﺍﺟﻬﻬﺎ ﺍﻟﻜﺜﲑ‬
‫ﻣﻦ ﺍﻹﺧﻮﺍﻥ ﻭﺍﻷﺧﻮﺍﺕ ﺍﳌﻬﺘﻤﲔ ‪‬ﺬﺍ ﺍ‪‬ﺎﻝ ﻭﺧﺼﻮﺻﹰﺎ ﻣﻦ ﺗﻘﻒ ﺍﻟﻠﻐﺔ ﺣﺎﺟﺰ ﺑﺎﻟﻨﺴﺒﺔ ﳍﻢ ﺃﺟﺪ ﺃﻥ ﻟﺪﻱ ﺍﻟﻜﺜﲑ ﻣﻦ ﺍﻟﺮﻏﺒﺔ ﻻﻥ ﺃﻗﺪﻡ ﻫﺬﺍ ﺍﻟﻌﻤﻞ ﺍﳌﺘﻮﺍﺿﻊ‬
‫ﻛﻮﺳﻴﻠﺔ ﻣﺴﺎﻋﺪﺓ ﻭﻧﺎﻓﻌﺔ ﺇﻧﺸﺎﺀ ﺍﷲ ﻭﻛﻤﻘﺪﻣﺔ ﻟﻼﺳﺘﻔﺎﺩﺓ ﻣﻦ ﺧﺮﺍﺋﻂ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ ﻭﻣﺎ ﺩﻣﺖ ﺍﻵﻥ ﺗﻘﺮﺃ ﻫﺬﺍ ﺍﳌﻘﺪﻣﺔ ﻓﺄﻧﺎ ﺃﻛﻮﻥ ﻗﺪ ﺣﻘﻘﺖ ﻣﺎ ﺃﺭﺩﺗـﻪ‬
‫ﻭﻗﻤﺖ ﺑﺈﻳﺼﺎﻝ ﻫﺬﺍ ﺍﳉﻬﺪ ﺍﳌﺘﻮﺍﺿﻊ ﺇﻟﻴﻚ ﻭﺇﻧﺸﺎﺀ ﺍﷲ ﺳﻮﻑ ﲡﺪ ﻣﺎ ﻳﻌﻴﻨﻚ ﻭﻣﺎ ﻳﻔﻴﺪﻙ ﰲ ﻫﺬﻩ ﺍﻟﺼﻔﺤﺎﺕ ﻛﺨﻄﻮﺓ ﺃﻭﱃ ﻟﻠﺪﺧﻮﻝ ﺇﱃ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ‪.‬‬

‫ﻫﺬﺍ ﺍﻟﻌﻤﻞ ﻳﻨﻘﺴﻢ ﺇﱃ ﻗﺴﻤﲔ ﺭﺋﻴﺴﻴﲔ ﺍﻷﻭﻝ ﻋﺒﺎﺭﺓ ﻋﻦ ﺍﺳﺘﻌﺮﺍﺽ ﻋﺎﻡ ﻭﻣﻘﺪﻣﺔ ﻭﻗﻮﺍﻋﺪ ﺃﺳﺎﺳﻴﺔ ﻟﻠﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ ﻭﺍﳉﺰﺀ ﺍﻟﺜﺎﱐ ﻋﺒﺎﺭﺓ ﳕﺎﺫﺝ‬
‫ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ ﺍﳌﺘﻔﺎﺋﻠﺔ ) ﺍﳌﺘﻮﻗﻌﺔ ﻟﻠﺼﻌﻮﺩ ( ﻭﺍﳌﺘﺸﺎﺋﻤﺔ ) ﺍﳌﺘﻮﻗﻌﺔ ﻟﻠﻬﺒﻮﻁ ( ﻭﻗﺪ ﻗﻤﺖ ﺑﺘﺮﺗﻴﺐ ﻫﺬﻩ ﺍﻟﻨﻤﺎﺫﺝ ﺣﺴﺐ ﻧﻮﻋﻬﺎ ) ﻣﺘﻔﺎﺋﻠﺔ ﺃﻭ ﻣﺘـﺸﺎﺋﻤﺔ (‬
‫ﻭﻛﺬﻟﻚ ﺣﺴﺐ ﺍﻟﺜﻘﺔ ﰲ ﺍﻟﻨﻤﻮﺫﺝ ﺍﺑﺘﺪﺍﺀ ﻣﻦ ﺍﻟﻨﻤﺎﺫﺝ ﺍﻷﻛﺜﺮ ﻣﻮﺛﻮﻗﻴﺔ‪.‬‬

‫ﻛﻞ ﻣﺎ ﺃﲤﻨﺎﻩ ﰲ ‪‬ﺎﻳﺔ ﻫﺬﻩ ﺍﳌﻘﺪﻣﺔ ﺃﻥ ﺗﺴﺘﻔﻴﺪ ﻣﻦ ﻫﺬﻩ ﺍﻟﺼﻔﺤﺎﺕ ﻭﺍﻥ ﺗﻜﻮﻥ ﻣﻌﻴﻨﺔ ﻟﻚ ﻋﻠﻰ ﺍﲣﺎﺫ ﻗﺮﺍﺭﺍﺕ ﺻﺎﺋﺒﺔ ﰲ ﺍﻏﻠﺐ ﺍﻷﻭﻗﺎﺕ ﻭﺃﲤـﲎ‬
‫ﻟﻚ ﻛﺴﺒﹰﺎ ﺣﻼ ﹰﻻ ﻭﺭﺯﻗﹰﺎ ﻃﻴﺒﹰﺎ ﻣﺒﺎﺭﻛﹰﺎ ﻓﻴﻪ ﺑﺈﺫﻥ ﺍﷲ ﻭﲟﺎ ُﻳﺮﺿﻲ ﺍﷲ ﻭﺩﺍﺋﻤﹰﺎ " ﺣﻈﹰﺎ ﺑﺎﲰﹰﺎ " ﺇﻧﺸﺎﺀ ﺍﷲ‪..‬‬

‫ﻣﺎﺟﺪ ﻓﻬﺪ ﺍﻟﻌﻤﺮﻱ‬

‫‪ 1425 / 5 / 17‬هـ‬
‫‪ 2004 / 7 / 5‬م‬

‫‪3‬‬
 ‫ﺻﻔﺤﺔ‬ ‫◊ اﻟــﻔــﻬــﺮس‪:‬‬
‫‪3‬‬ ‫‪....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﻣﻘﺪﻣﺔ‬
‫‪4‬‬ ‫‪.............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺍﻟﻔﻬﺮﺱ‬
‫‪6‬‬ ‫‪........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﻗﺒﻞ ﺍﻟﺒﺪﺀ‬
‫‪7‬‬ ‫‪....................................................................................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺗﺎﺭﻳﺦ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ‬
‫‪7‬‬ ‫‪.................................................................................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺗﻜﻮﻳﻦ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ‬
‫‪8‬‬ ‫‪..............................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺍﻷﺟﺴﺎﻡ ﺍﻟﻄﻮﻳﻠﺔ ﻣﻘﺎﺑﻞ ﺍﻷﺟﺴﺎﻡ ﺍﻟﻘﺼﲑﺓ‬
‫‪8‬‬ ‫‪..........................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺍﻟﻈﻼﻝ ﺍﻟﻄﻮﻳﻠﺔ ﻣﻘﺎﺑﻞ ﺍﻟﻈﻼﻝ ﺍﻟﻘﺼﲑﺓ‬
‫‪9‬‬ ‫‪.................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫‪Doji‬‬ ‫ﴰﻌﺔ‬
‫‪10‬‬ ‫‪.................................................................................................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﴰﻌﺔ ‪ Doji‬ﻭﺍﻻﲡﺎﻩ‬
‫‪11‬‬ ‫‪.............................................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﴰﻌﺔ ‪ Doji‬ﺫﺍﺕ ﺍﻷﺭﺟﻞ ﺍﻟﻄﻮﻳﻠﺔ‬
‫‪11‬‬ ‫‪..........................................................................................................................................................................................................................................................................................................................................................‬‬ ‫‪Dragonfly Doji‬‬ ‫ﴰﻌﺔ ‪ Doji‬ﺍﳌﻈﻠﺔ ﺃﻭ ﺍﻟـ‬
‫‪11‬‬ ‫‪....................................................................................................................................................................................................................................................................................................................‬‬ ‫‪Gravestone Doji‬‬ ‫ﴰﻌﺔ ‪ Doji‬ﺍﳌﻈﻠﺔ ﺍﳌﻘﻠﻮﺑﺔ ﺃﻭ ﺍﻟـ‬
‫‪12‬‬ ‫‪........................................................................................................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺍﻟﺜﲑﺍﻥ ﺿﺪ ﺍﻟﺪﺑﺒﺔ‬
‫‪13‬‬ ‫‪..............................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﻣﺎ ﺍﻟﺬﻱ ﻻ ﲣﱪﻙ ﺑﻪ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ‬
‫‪13‬‬ ‫‪.............................................................................................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺴﺎﺑﻖ‬
‫‪14‬‬ ‫‪.............................................................................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﻣﻮﺍﺿﻊ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ‬
‫‪14‬‬ ‫‪.......................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺃ ‪ -‬ﺍﳌﻮﻗﻊ ﺍﻟﻼﻣﻊ ) ‪( Star Position‬‬
‫‪14‬‬ ‫‪.................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺏ‪ -‬ﺍﳌﻮﻗﻊ ﺍﳊﺎﻣﻞ ) ‪( Harami Position‬‬
‫‪14‬‬ ‫‪..............................................................................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺍﻟﻈﻼﻝ ﺍﻟﻄﻮﻳﻠﺔ ﺍﻟﻌﻜﺴﻴﺔ‬
‫‪15‬‬ ‫‪...........................................................................................................................................................................................................................................................................................‬‬ ‫‪Hanging Man‬‬ ‫ﺃ‪ -‬ﺍﻟﺰﻭﺝ ﺍﻷﻭﻝ ‪ Hammer‬ﻭ‬
‫‪16‬‬ ‫‪..................................................................................................................................................................................................................................‬‬ ‫‪Shooting Star‬‬ ‫ﺏ‪ -‬ﺍﻟﺰﻭﺝ ﺍﻟﺜﺎﱐ ‪ Inverted Hammer‬ﻭ‬
‫‪17‬‬ ‫‪........................................................................................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺩﻣﺞ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ‬
‫‪18‬‬ ‫‪.............................................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ ﻭﻣﺴﺘﻮﻯ ﺍﻟﺪﻋﻢ‬
‫‪19‬‬ ‫‪........................................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ ﻭﻣﺴﺘﻮﻯ ﺍﳌﻘﺎﻭﻣﺔ‬
‫‪19‬‬ ‫‪..........................................................................................................................................................................................................................................................................................................................‬‬ ‫ﳕﺎﺫﺝ ﺍﻟﺸﻤﻮﻉ ﺍﻻﻧﻌﻜﺎﺳﻴﺔ ﺍﳌﺘﻔﺎﺋﻠﺔ ) ﺍﳌﺘﻮﻗﻌﺔ ﻟﻠﺼﻌﻮﺩ (‬
‫‪19‬‬ ‫‪................................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺃ‪ -‬ﺗﺄﻛﻴﺪ ﻋﻤﻠﻴﺔ ﺍﻟﺼﻌﻮﺩ‬
‫‪19‬‬ ‫‪........................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺏ‪ -‬ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ ﺍﻟﻘﺎﺋﻢ ) ﺍﳌﻮﺟﻮﺩ (‬
‫‪20‬‬ ‫‪....................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺝ‪ -‬ﺍﻟﺴﻤﺎﺕ ﺍﻷﺧﺮﻯ ﻟﻠﺘﺤﻠﻴﻞ ﺍﻟﻔﲏ‬
‫‪20‬‬ ‫‪.........................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫‪ -1‬ﻣﺴﺘﻮﻯ ﺍﻟﺪﻋﻢ‬
‫‪20‬‬ ‫‪......................................................................................................................................................................................................................................................................................................................................‬‬ ‫‪ -2‬ﺍﻟﺰﺧﻢ ) ﺍﻟﻘﻮﺓ ﺍﻟﺪﺍﻓﻌﺔ (‬
‫‪20‬‬ ‫‪..........................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫‪ -3‬ﺗﺪﻓﻖ ﺍﳌﺎﻝ‬

‫‪4‬‬
 ‫ﺻﻔﺤﺔ‬
‫‪20‬‬ ‫‪......................................................................................................................................................................................................................................................................................................................‬‬ ‫ﳕﺎﺫﺝ ﺍﻟﺸﻤﻮﻉ ﺍﻻﻧﻌﻜﺎﺳﻴﺔ ﺍﳌﺘﺸﺎﺋﻤﺔ ) ﺍﳌﺘﻮﻗﻌﺔ ﻟﻠﻬﺒﻮﻁ (‬
‫‪20‬‬ ‫‪.....................................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺃ‪ -‬ﺗﺄﻛﻴﺪ ﻋﻤﻠﻴﺔ ﺍﳍﺒﻮﻁ‬
‫‪21‬‬ ‫‪..................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺏ‪ -‬ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ ﺍﻟﻘﺎﺋﻢ ) ﺍﳌﻮﺟﻮﺩ (‬
‫‪21‬‬ ‫‪....................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺝ‪ -‬ﺍﻟﺴﻤﺎﺕ ﺍﻷﺧﺮﻯ ﻟﻠﺘﺤﻠﻴﻞ ﺍﻟﻔﲏ‬
‫‪21‬‬ ‫‪.....................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫‪ -1‬ﻣﺴﺘﻮﻯ ﺍﳌﻘﺎﻭﻣﺔ‬
‫‪21‬‬ ‫‪......................................................................................................................................................................................................................................................................................................................................‬‬ ‫‪ -2‬ﺍﻟﺰﺧﻢ ) ﺍﻟﻘﻮﺓ ﺍﻟﺪﺍﻓﻌﺔ (‬
‫‪21‬‬ ‫‪..........................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫‪ -3‬ﺗﺪﻓﻖ ﺍﳌﺎﻝ‬
‫‪22‬‬ ‫‪...................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﻣﻠﺤﻖ ﳕﺎﺫﺝ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ ﺍﳌﺘﻔﺎﺋﻠﺔ ﻭﺍﳌﺘﺸﺎﺋﻤﺔ‬
‫‪23‬‬ ‫‪....................................................................................................................................................................................................................................................................................................‬‬ ‫ﻣﻔﺎﺗﻴﺢ ﻭ ﻣﻼﺣﻈﺎﺕ ﻟﺘﺴﻬﻴﻞ ﻓﻬﻢ ﺍﻟﻨﻤﺎﺫﺝ ﺍﳌﺘﻔﺎﺋﻠﺔ ﻭﺍﳌﺘﺸﺎﺋﻤﺔ‬
‫‪24‬‬ ‫‪................................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺍﻟﻨﻤﺎﺫﺝ ﺍﳌﺘﻔﺎﺋﻠﺔ ) ﺍﳌﺘﻮﻗﻌﺔ ﻟﻠﺼﻌﻮﺩ (‬
‫‪24‬‬ ‫‪............................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺃ‪ -‬ﺍﻟﻨﻤﺎﺫﺝ ﺍﳌﺘﻔﺎﺋﻠﺔ ﻋﺎﻟﻴﺔ ﺍﻟﺜﻘﺔ‬
‫‪29‬‬ ‫‪.........................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺏ‪ -‬ﺍﻟﻨﻤﺎﺫﺝ ﺍﳌﺘﻔﺎﺋﻠﺔ ﻣﺘﻮﺳﻄﺔ ﺍﻟﺜﻘﺔ‬
‫‪37‬‬ ‫‪........................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺝ‪ -‬ﺍﻟﻨﻤﺎﺫﺝ ﺍﳌﺘﻔﺎﺋﻠﺔ ﻣﻨﺨﻔﻀﺔ ﺍﻟﺜﻘﺔ‬
‫‪41‬‬ ‫‪.............................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺍﻟﻨﻤﺎﺫﺝ ﺍﳌﺘﺸﺎﺋﻤﺔ ) ﺍﳌﺘﻮﻗﻌﺔ ﻟﻠﻬﺒﻮﻁ (‬
‫‪41‬‬ ‫‪......................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺃ‪ -‬ﺍﻟﻨﻤﺎﺫﺝ ﺍﳌﺘﺸﺎﺋﻤﺔ ﻋﺎﻟﻴﺔ ﺍﻟﺜﻘﺔ‬
‫‪46‬‬ ‫‪...................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺏ‪ -‬ﺍﻟﻨﻤﺎﺫﺝ ﺍﳌﺘﺸﺎﺋﻤﺔ ﻣﺘﻮﺳﻄﺔ ﺍﻟﺜﻘﺔ‬
‫‪54‬‬ ‫‪...................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺝ_ ﺍﻟﻨﻤﺎﺫﺝ ﺍﳌﺘﺸﺎﺋﻤﺔ ﻣﻨﺨﻔﻀﺔ ﺍﻟﺜﻘﺔ‬
‫‪58‬‬ ‫‪.................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﻣﻠﺨﺺ ﺍﻟﻨﻤﺎﺫﺝ ﺍﳌﺘﻔﺎﺋﻠﺔ ) ﺍﳌﺘﻮﻗﻌﺔ ﻟﻠﺼﻌﻮﺩ (‬
‫‪60‬‬ ‫‪.............................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﻣﻠﺨﺺ ﺍﻟﻨﻤﺎﺫﺝ ﺍﳌﺘﺸﺎﺋﻤﺔ ) ﺍﳌﺘﻮﻗﻌﺔ ﻟﻠﻬﺒﻮﻁ (‬
‫‪62‬‬ ‫‪.....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺍﳋﺎﲤﺔ‬
‫‪63‬‬ ‫‪................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺍﳌﺮﺍﺟﻊ‬
‫‪64‬‬ ‫‪....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................‬‬ ‫ﺍﻟﻨﺎﺷﺮ‬

‫‪5‬‬
 ‫◊ ﻗـﺒـﻞ اﻟـﺒـﺪء‪:‬‬
‫ﻻ ﳜﻔﻰ ﻋﻠﻰ ﻛﻞ ﻋﺎﻗﻞ ﻭﻋﻠﻰ ﻛﻞ ﻣﺴﻠﻢ ﺣﻜﻢ ﺍﻟﺮﺑﺎ ﰲ ﺍﻹﺳﻼﻡ ﻭﳓﻦ ﻧﻼﺣﻆ ﺍﻧﺘﺸﺎﺭﻩ ﺑﺸﻜﻞ ﻭﺍﺳﻊ ﻭﻻ ﳕﻠﻚ ﺇﻻ ﺍﻟﺪﻋﺎﺀ ﻷﻧﻔﺴﻨﺎ ﻭﳌﻦ ﻭﻗﻊ‬
‫ﰲ ﺍﻟﺮﺑﺎ ﺑﺎﳍﺪﺍﻳﺔ ﻭﺍﻟﻌﻮﺩﺓ ﺇﱃ ﻃﺮﻳﻖ ﺍﳊﻖ ‪ ،‬ﻓﺎﳌﺴﻠﻢ ﻟﻪ ﺷﺨﺼﻴﺘﻪ ﰲ ﻛﻞ ﺷﻲ ﻭﻟﻪ ﻣﻨﻬﺞ ﻳﺴﲑ ﻋﻠﻴﻪ ﻭﻫﻮ ﻛﺘﺎﺏ ﺍﷲ ﻭﺳﻨﺔ ﻧﺒﻴﻪ ﻋﻠﻴﻪ ﺃﻓـﻀﻞ ﺍﻟـﺼﻼﺓ ﻭﺃﰎ‬
‫ﺍﻟﺘﺴﻠﻴﻢ ‪ ،‬ﻭﺧﺸﻴﺔ ﺃﻥ ﻳﻘﻊ ﺑﻌﺾ ﺍﻹﺧﻮﺍﻥ ﻭﺍﻷﺧﻮﺍﺕ ﰲ ﻣﻮﺿﻮﻉ ﺍﻟﺮﺑﺎ ﺑﺪﻭﻥ ﻋﻠﻢ ﻣﻨﻬﻢ ﺃﻭﺩ ﺃﻥ ﺍﺣﺬﺭ ﲨﻴﻊ ﻣﻦ ﻳﺘﻌﺎﻣﻞ ﻣﻊ ﻭﺳﻄﺎﺀ ﺍﻟﺘﺪﺍﻭﻝ ﰲ ﺍﻷﺳـﻬﻢ‬
‫ﻓﺎﻟﻐﺎﻟﺒﻴﺔ ﺍﻟﻌﻈﻤﻰ ﻣﻨﻬﻢ ﺗﻮﻓﺮ ﻓﺘﺢ ﺣﺴﺎﺏ ﺑﻨﻈﺎﻡ ‪ ) Margin‬ﺍﳌﺎﺭﺟﺎﻥ ( ﻭﻫﺬﺍ ﺍﳊﺴﺎﺏ ﻳﺘﻢ ﺍﻟﺘﺪﺍﻭﻝ ﻓﻴﻪ ﺑﺪﻓﻊ ﺟﺰﺀ ﻣﻦ ﻗﻴﻤﺔ ﺍﻟﺼﻔﻘﺔ ﻣﻦ ﻗﺒﻞ ﺍﳌﺘـﺪﺍﻭﻝ‬
‫ﻭﻳﻘﻮﻡ ﺍﻟﻮﺳﻴﻂ ﺑﺘﻮﻓﲑ ﺑﺎﻗﻲ ﺍﳌﺒﻠﻎ ﻹﲤﺎﻡ ﺍﻟﺼﻔﻘﺔ ﻭﺑﻌﺪ ﺫﻟﻚ ﻳﻘﻮﻡ ﺻﺎﺣﺐ ﺍﳊﺴﺎﺏ ﺑﺘﺴﺪﻳﺪ ﺍﳌﺒﻠﻎ ﺍﻟﺬﻱ ﻭﻓﺮﻩ ﻟﻪ ﺍﻟﻮﺳﻴﻂ ﲟﺒﻠﻎ ﺃﻋﻠﻰ ﺣﺴﺐ ﻧﺴﺒﺔ ﻳـﺘﻢ‬
‫ﺍﻻﺗﻔﺎﻕ ﻋﻠﻴﻬﺎ ﻋﻨﺪ ﻓﺘﺢ ﺍﳊﺴﺎﺏ ﺑﻨﻈﺎﻡ ‪ Margin‬ﻭﻫﺬﺍ ﺍﻟﻨﻈﺎﻡ ﳏﺮﻡ ﺷﺮﻋﹰﺎ ﻷﻧﻪ ﺭﺑﺎ ﻭﻟﻮ ﻛﺎﻥ ﻫﺬﺍ ﺍﻟﻨﻈﺎﻡ ﻳﻮﻓﺮ ﻧﺴﺒﺔ ﺃﻋﻠـﻰ ﻣـﻦ ﺍﻷﺭﺑـﺎﺡ‪ ..‬ﻭﺗـﺬﻛﺮ‬
‫ﲔ " ) ﺍﻵﻳﺔ ‪ 86‬ﺳﻮﺭﺓ ﻫﻮﺩ ( ﻭﻫﺬﻩ ﺁﻳﺎﺕ ﻣﻦ ﻛﺘﺎﺏ ﺍﷲ ﰲ ﲢﺮﱘ ﺍﻟﺮﺑﺎ ‪:‬‬
‫ﷲ َﺧﲑٌ ﱠﻟﻜﹸﻢ ﺇِﻥ ﻛﹸﻨﺘُﻢ ﻣُﺆ ِﻣِﻨ َ‬
‫ﻗﻮﻝ ﺍﷲ ﺗﻌﺎﱃ " َﺑ ِﻘﱠﻴﺖُ ﺍ ِ‬

‫ﺿﻌَﺎﻓﹰﺎ ُﻣﻀَﺎ َﻋ ﹶﻔ ﹰﺔ ﻭَﺍﱠﺗﻘﹸﻮﺍ ﺍﻟ ﱠﻠ َﻪ ﹶﻟ َﻌ ﱠﻠﻜﹸ ْﻢ ُﺗ ﹾﻔ ِﻠﺤُﻮ ﹶﻥ "‬

‫ﻗﺎﻝ ﺗﻌﺎﱃ ‪ " :‬ﻳَﺎ ﹶﺃﱡﻳﻬَﺎ ﺍﱠﻟﺬِﻳ َﻦ ﺁ َﻣﻨُﻮﺍ ﻻ َﺗ ﹾﺄﻛﹸﻠﹸﻮﺍ ﺍﻟ ﱢﺮﺑَﺎ ﹶﺃ ْ‬
‫) ﺍﻵﻳﺔ ‪ 130‬ﺳﻮﺭﺓ ﺁﻝ ﻋﻤﺮﺍﻥ (‬

‫ﻚ ِﺑﹶﺄﱠﻧﻬُ ْﻢ ﻗﹶﺎﻟﹸﻮﺍ ِﺇﱠﻧﻤَﺎ ﺍﹾﻟَﺒ ْﻴ ُﻊ ِﻣ ﹾﺜﻞﹸ ﺍﻟ ﱢﺮﺑَﺎ َﻭﹶﺃ َﺣ ﱠﻞ‬

‫ﺲ ﹶﺫِﻟ َ‬
‫ﺸ ْﻴﻄﹶﺎ ﹸﻥ ِﻣ َﻦ ﺍﹾﻟ َﻤ ﱢ‬
‫ﺨﱠﺒﻄﹸﻪُ ﺍﻟ ﱠ‬
‫ﻗﺎﻝ ﺗﻌﺎﱃ ‪ " :‬ﺍﱠﻟﺬِﻳ َﻦ َﻳ ﹾﺄ ﹸﻛﻠﹸﻮ ﹶﻥ ﺍﻟ ﱢﺮﺑَﺎ ﻻ َﻳﻘﹸﻮﻣُﻮ ﹶﻥ ﺇﻻ ﹶﻛﻤَﺎ َﻳﻘﹸﻮ ُﻡ ﺍﱠﻟﺬِﻱ َﻳَﺘ َ‬
‫ﺏ ﺍﻟﻨﱠﺎ ِﺭ ُﻫ ْﻢ ﻓِﻴﻬَﺎ ﺧَﺎِﻟﺪُﻭ ﹶﻥ "‬
‫ﺻﺤَﺎ ُ‬
‫ﻚ ﹶﺃ ْ‬
‫ﻒ َﻭﹶﺃ ْﻣﺮُﻩُ ِﺇﻟﹶﻰ ﺍﻟ ﱠﻠ ِﻪ َﻭ َﻣ ْﻦ ﻋَﺎ َﺩ ﹶﻓﺄﹸﻭﹶﻟِﺌ َ‬
‫ﺍﻟ ﱠﻠ ُﻪ ﺍﹾﻟَﺒ ْﻴ َﻊ َﻭ َﺣ ﱠﺮ َﻡ ﺍﻟ ﱢﺮﺑَﺎ ﹶﻓ َﻤ ْﻦ ﺟَﺎ َﺀﻩُ َﻣ ْﻮ ِﻋ ﹶﻈﺔﹲ ِﻣ ْﻦ َﺭﱢﺑ ِﻪ ﻓﹶﺎْﻧَﺘﻬَﻰ ﹶﻓ ﹶﻠﻪُ ﻣَﺎ َﺳ ﹶﻠ َ‬
‫) ﺍﻵﻳﺔ ‪ 275‬ﺳﻮﺭﺓ ﺍﻟﺒﻘﺮﺓ (‬

‫ﺏ ِﻣ َﻦ ﺍﻟ ﱠﻠ ِﻪ َﻭ َﺭﺳُﻮِﻟ ِﻪ َﻭِﺇ ﹾﻥ ُﺗ ْﺒُﺘ ْﻢ‬

‫ﺤ ْﺮ ٍ‬
‫ﲔ ﹶﻓِﺈ ﹾﻥ ﹶﻟ ْﻢ َﺗ ﹾﻔ َﻌﻠﹸﻮﺍ ﹶﻓ ﹾﺄ ﹶﺫﻧُﻮﺍ ِﺑ َ‬
‫ﻗﺎﻝ ﺗﻌﺎﱃ ‪ " :‬ﻳَﺎ ﹶﺃﱡﻳﻬَﺎ ﺍﱠﻟﺬِﻳ َﻦ ﺁ َﻣﻨُﻮﺍ ﺍﱠﺗﻘﹸﻮﺍ ﺍﻟﱠﻠ َﻪ َﻭ ﹶﺫﺭُﻭﺍ ﻣَﺎ َﺑ ِﻘ َﻲ ِﻣ َﻦ ﺍﻟ ﱢﺮﺑَﺎ ِﺇ ﹾﻥ ﹸﻛ ْﻨُﺘ ْﻢ ﻣُ ْﺆ ِﻣِﻨ َ‬
‫ﺱ ﹶﺃ ْﻣﻮَﺍِﻟ ﹸﻜ ْﻢ ﻻ َﺗ ﹾﻈ ِﻠﻤُﻮ ﹶﻥ َﻭﻻ ُﺗ ﹾﻈ ﹶﻠﻤُﻮ ﹶﻥ "‬
‫ﹶﻓ ﹶﻠﻜﹸ ْﻢ ُﺭﺀُﻭ ُ‬
‫) ﺍﻵﻳﺔ ‪ 279‬ﺳﻮﺭﺓ ﺍﻟﺒﻘﺮﺓ (‬

‫ﺐ ﹸﻛ ﱠﻞ ﹶﻛﻔﱠﺎ ٍﺭ ﹶﺃﺛِﻴ ٍﻢ "‬

‫ﺤ ﱡ‬
‫ﺕ ﻭَﺍﻟ ﱠﻠﻪُ ﻻ ُﻳ ِ‬
‫ﺼ َﺪﻗﹶﺎ ِ‬
‫ﺤﻖُ ﺍﻟ ﱠﻠ ُﻪ ﺍﻟ ﱢﺮﺑَﺎ َﻭُﻳ ْﺮﺑِﻲ ﺍﻟ ﱠ‬
‫ﻗﺎﻝ ﺗﻌﺎﱃ ‪َ " :‬ﻳ ْﻤ َ‬
‫) ﺍﻵﻳﺔ ‪ 276‬ﺳﻮﺭﺓ ﺍﻟﺒﻘﺮﺓ (‬

‫ﷲ ﺁ ِﻛ ﹶﻞ ﺍﻟﺮﱢﺑﺎ ﻭﻣُﻮ ِﻛ ﹶﻠﻪُ َﻭﺷَﺎ ِﻫ َﺪﻩُ ﻭﻛﹶﺎِﺗَﺒﻪُ "‬

‫ﻭﻗﺎﻝ ﺍﻟﻨﱯ ﺻﻠﻰ ﺍﷲ ﻋﻠﻴﻪ ﻭﺳﻠﻢ ‪ " :‬ﹶﻟ َﻌ َﻦ ﺍ ُ‬

‫ﻭﻟﻜﻲ ﻳﺘﺠﻨﺐ ﺍﳌﺴﻠﻢ ﺍﻟﺮﺑﺎ ﻭﻳﺒﺘﻌﺪ ﻋﻨﻪ ﻓﻌﻠﻴﻪ ﻋﻨﺪ ﻓﺘﺢ ﺣﺴﺎﺏ ﻟﺪﻯ ﻭﺳﻴﻂ ﺗﺪﺍﻭﻝ ﺃﻥ ﳜﺘﺎﺭ ﻧﻈﺎﻡ ‪ Cash‬ﻭﻟﻴﺲ ﻋﻠﻴﻪ ﺃﻱ ﻓﻮﺍﺋﺪ ﺭﺑﻮﻳﺔ ﻫـﺬﺍ‬
‫ﺑﺎﻟﻨﺴﺒﺔ ﻟﻮﺳﻄﺎﺀ ﺍﻷﺳﻬﻢ ﻭﻗﺪ ﻳﺪﺧﻞ ﺍﻟﺮﺑﺎ ﻣﻦ ﺃﺑﻮﺍﺏ ﻛﺜﲑﺓ ﻭﻣﺘﻌﺪﺩﺓ ﻟﺬﻟﻚ ﺍﻟﺘﺤﺮﱘ ﻣﺮﺗﺒﻂ ﺑﺎﻟﺮﺑﺎ ﻭﺑﺎﻟﺘﻌﺎﻣﻞ ﺑﻪ ﺑﺪﻭﻥ ﺍﻟﻨﻈﺮ ﺇﱃ ﻣﺴﻤﻰ ﺍﳊﺴﺎﺏ ﺃﻭ ﻧﻮﻉ‬
‫ﺍﻟﺘﺪﺍﻭﻝ ﺃﺳﻬﻢ ﺃﻭ ﻋﻤﻼﺕ ﺃﻭ ﺣﱴ ﻃﺮﻳﻘﺔ ﺃﺧﺬ ﺍﻟﻔﻮﺍﺋﺪ ﺍﻟﺮﺑﻮﻳﺔ ﻛﻤﺎ ﺃﻥ ﺍﳊﺮﺍﻡ ﻻ ﻳﺘﻮﻗﻒ ﻋﻨﺪ ﺫﻟﻚ ﺑﻞ ﻳﺘﻌﺪﺍﻩ ﺇﱃ ﺃﻭﺍﻣﺮ ﺍﻟﺒﻴﻊ ﻭﺍﻟﺸﺮﺍﺀ ﻭﺑﺸﻜﻞ ﺧـﺎﺹ‬
‫‪ " Buy‬ﻭﻫـﻮ‬ ‫‪to Cover‬‬ ‫‪ " Sell‬ﻭﺍﻷﻣﺮ ﺍﳌﻜﻤﻞ ﻟﻪ ﻭﻫﻮ "‬ ‫‪Short‬‬ ‫ﰲ ﺗﺪﺍﻭﻝ ﺍﻷﺳﻬﻢ ﻭﻫﻮ ﺍﻷﻣﺮ ﺍﳋﺎﺹ ﺑﺒﻴﻊ ﻣﺎ ﻻ ﲤﻠﻚ ﺃﻭ ﺍﻟﺒﻴﻊ ﺍﳌﺴﺒﻖ ﻭﻳﺴﻤﻰ "‬
‫ﺍﻟﺒﻴﻊ ﻟﻠﺘﻐﻄﻴﺔ ﻭﺑﻴﻊ ﻣﺎ ﻻ ﲤﻠﻚ ﳏﺮﻡ ﺷﺮﻋﹰﺎ‪..‬‬

‫ﻭﰲ ﺍﻟﻨﻬﺎﻳﺔ ﺃﺫﻛﺮﻛﻢ ﻭﺍﺫﻛﺮ ﻧﻔﺴﻲ ﺑﺎﻟﺰﻛﺎﺓ ﺍﻟﻮﺍﺟﺒﺔ ﻋﻠﻰ ﺍﳌﺎﻝ ﺍﳌﻌﺪ ﻟﻠﺘﺠﺎﺭﺓ ﺃﻭ ﻟﻼﺳﺘﺜﻤﺎﺭ ﻓﻬﺬﺍ ﺣﻖ ﺷﺮﻋﻲ ﻓﺮﺿﻪ ﺍﷲ ﻋﺰ ﻭﺟﻞ ﻋﻠﻴﻨﺎ ﻭﳚﺐ‬
‫ﻋﻠﻴﻨﺎ ﺃﻥ ﻧﺘﺬﻛﺮ ﺃﻥ ﺍﳌﺎﻝ ﻣﺎ ﹸﻝ ﺍﷲ ﻭﺍﻥ ﺍﻟﻜﻮﻥ ﻛﻠﻪ ﷲ ﺳﺨﺮﻩ ﻟﻨﺎ ﻟﻌﺒﺎﺩﺗﻪ ﻭﻟﻄﺎﻋﺘﻪ ﻋﺰ ﻭﺟﻞ ﻓﺎﻟﻮﺍﺟﺐ ﻋﻠﻴﻨﺎ ﺍﻟﺸﻜﺮ ﻗﺎﻝ ﺗﻌﺎﱃ " ﻭَﺍﺷﻜﹸﺮُﻭﺍ ﷲ ﺇِﻥ ﻛﹸﻨﺘُﻢ ِﺇﻳﱠﺎ ُﻩ‬
‫ﺗَﻌُﺒﺪُﻭﻥ " ) ﺍﻵﻳﺔ ‪ 172‬ﺳﻮﺭﺓ ﺍﻟﺒﻘﺮﺓ ( ﻭﺑﺎﻟﺸﻜﺮ ﺗﺪﻭﻡ ﺍﻟﻨﻌﻢ ﻭﰲ ﻛﻞ ﺍﻷﺣﻮﺍﻝ ﺃﻧﺖ ﻣﺴﺌﻮﻝ ﺃﻣﺎﻡ ﺍﷲ ﻋﻦ ﻛﻞ ﻣﺎ ﺗﻔﻌﻠﻪ ﻛﻤﺎ ﺍﻧﻪ ﻣﻦ ﺍﻟﻮﺍﺟـﺐ ﻋﻠﻴـﻚ ﺃﻥ‬
‫ﻛﻨُﺘﻢ ﻻ َﺗﻌ ﹶﻠ ُﻤﻮﻥ " ) ﺍﻵﻳﺔ ‪ 7‬ﺳﻮﺭﺓ ﺍﻷﻧﺒﻴﺎﺀ (‬
‫ﺗﺴﺄﻝ ﻋﻦ ﻛﻞ ﻣﺎ ﲡﻬﻠﻪ ﺧﺼﻮﺻﹰﺎ ﰲ ﺍﻟﺘﺠﺎﺭﺓ ﻭﰲ ﺍﻻﺳﺘﺜﻤﺎﺭ ﻗﺎﻝ ﺗﻌﺎﱃ " ﹶﻓﺴﹶﺌ ﹸﻠﻮﺍ ﹶﺃﻫ ﹶﻞ ﺍﻟ ﱢﺬﻛ ِﺮ ِﺇﻥ ﹸ‬

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 ‫◊ ﺗﺎرﻳﺦ اﻟﺸﻤﻮع اﻟﻴﺎﺑﺎﻧﻴﺔ‪:‬‬
‫ﺑﺪﺃ ﺍﻟﻴﺎﺑﺎﻧﻴﻮﻥ ﺑﺎﺳﺘﺨﺪﺍﻡ ﺍﻟﺘﺤﻠﻴﻞ ﺍﻟﻔﲏ ﳌﺘﺎﺟﺮﺓ ) ﺗﺪﺍﻭﻝ ( ﺍﻷﺭﺯ ﰲ ﺍﻟﻘﺮﻥ ﺍﻟﺴﺎﺑﻊ ﻋﺸﺮ‪ ..‬ﻭﻛﻤﺎ ﺃﻥ ﻫﺬﻩ ﺍﻟﻨﺴﺨﺔ ﺍﳌﺒﻜﺮﺓ ﻟﻠﺘﺤﻠﻴﻞ ﺍﻟﻔﲏ‬
‫ﰲ ﺣﻮﺍﱄ ‪1900‬ﻡ ﺇﱃ ﺃﻥ ﺍﻟﻌﺪﻳﺪ ﻣﻦ‬ ‫‪Charles Dow‬‬ ‫ﲢﺘﻮﻱ ﻋﻠﻰ ﺍﻟﻌﺪﻳﺪ ﻣﻦ ﺍﻻﺧﺘﻼﻓﺎﺕ ﻋﻦ ﺍﻟﻨﺴﺨﺔ ﺍﻷﻣﺮﻳﻜﻴﺔ ﺍﻟﱵ ﺑﺪﺍﺀ ﻣﻦ ﻗﺒﻞ‬
‫ﺍﳌﺒﺎﺩﺉ ) ﺍﻟﻘﻮﺍﻋﺪ ( ﺍﻹﺭﺷﺎﺩﻳﺔ ﻛﺎﻧﺖ ﻣﺘﻤﺎﺛﻠﺔ ﺟﺪﹰﺍ‪:‬‬
‫● ﺑﺎﻟﻨﺴﺒﺔ ﳊﺮﻛﺔ ﺍﻟﺴﻌﺮ ﺗﻌﺘﱪ " ﻣﺎ ﻫﻲ؟" ﺃﻭ "ﺇﱃ ﺃﻳﻦ ؟" ﻭﺍﻟﱵ ﺗﻌﱪ ﻋﻦ ﺍﳊﺮﻛﺔ ﺍﳌﺘﻮﻗﻌﺔ ﺃﻭ ﺍﳌﺴﺘﻘﺒﻠﻴﺔ ﻟﻠﺴﻌﺮ ﺃﻫﻢ ﺑﻜﺜﲑ ﻣﻦ "ﳌﺎﺫﺍ؟" ﻭﺍﻟﱵ‬
‫ﺗﺒﺤﺚ ﻋﻦ ﺍﻷﺳﺒﺎﺏ ﻭﺍﻟﱵ ﺭﲟﺎ ﺗﻜﻮﻥ ﺃﺧﺒﺎﺭ ﺃﻭ ﺃﺭﺑﺎﺡ‪ ...‬ﺍﱁ‬
‫● ﻛﻞ ﺍﳌﻌﻠﻮﻣﺎﺕ ﺍﳌﻌﺮﻭﻓﺔ ﻣﻨﻌﻜﺴﺔ ﰲ ﺍﻟﺴﻌﺮ‪.‬‬
‫● ﺍﳌﺸﺘﺮﻳﻦ ﻭﺍﻟﺒﺎﺋﻌﲔ ﳛﺮﻛﻮﻥ ﺍﻷﺳﻮﺍﻕ ﺑﺎﻻﺳﺘﻨﺎﺩ ﻋﻠﻰ ﺍﻟﺘﻮﻗﻌﺎﺕ ﻭﺍﻟﻌﻮﺍﻃﻒ )ﺍﳋﻮﻑ ﻭﺍﻟﻄﻤﻊ(‪.‬‬
‫● ﺍﻟﺴﻌﺮ ﺍﻟﻔﻌﻠﻲ ﻗﺪ ﻻ ﻳﻌﻜﺲ ﺍﻟﻘﻴﻤﺔ ﺍﳊﻘﻴﻘﻴﺔ )ﺍﻟﻌﺎﺩﻟﺔ(‪.‬‬

‫ﺖ ﻣﺎ ﺑﻌﺪ ‪1850‬ﻡ ﻭﻳﻌﻮﺩ ﻣﻌﻈﻢ ﺍﻟﻔﻀﻞ ﰲ‬

‫ﺧﺮﺍﺋﻂ ﺍﻟﺸﻤﻮﻉ ﺟﺎﺀﺕ ﻣﺘﺄﺧﺮﹰﺍ ﺣﺴﺐ ﻣﺎ ﻳﻘﻮﻟﻪ ‪ Steve Nison‬ﻭﺑﺪﺃﺕ ﻣﻦ ﺍﶈﺘﻤﻞ ﰲ ﻭﻗ ٍ‬
‫ﺗﻄﻮﻳﺮ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ ﻭﺍﳋﺮﺍﺋﻂ ﺇﱃ ‪ Homma‬ﻭﻫﻮ ﺗﺎﺟﺮ ﺃﺳﻄﻮﺭﻱ ﻣﻦ ‪ Sakata‬ﻭﻋﻠﻰ ﺍﻟﺮﻏﻢ ﻣﻦ ﺍﻧﻪ ﻣﻦ ﻏﲑ ﺍﻟﻮﺍﺿﺢ ﲢﺪﻳﺪ ﻣﻦ ﺍﺧﺘﺮﻉ ﺍﻟﺸﻤﻮﻉ‬
‫ﺍﻟﻴﺎﺑﺎﻧﻴﺔ ﺇﱃ ﺃﻥ ‪ Steve Nison‬ﻳﻘﻮﻝ ﺑﺄ‪‬ﺎ ﻧﺘﺠﺖ ﻣﻦ ﺍﶈﺘﻤﻞ ﻣﻦ ﺟﻬﺪ ﲨﺎﻋﻲ ﻃﻮﺭ ﺍﻟﻜﺜﲑ ﻣﻦ ﺳﻨﻮﺍﺕ ﺍﻟﺘﺪﺍﻭﻝ )ﺍﻟﺘﺠﺎﺭﺓ(‪..‬‬

‫◊ ﺗﻜﻮﻳﻦ اﻟﺸﻤﻮع اﻟﻴﺎﺑﺎﻧﻴﺔ‪:‬‬

‫ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ ﺗﺘﻜﻮﻥ ﺑﺎﺳﺘﺨﺪﺍﻡ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﻭﺍﻹﻏﻼﻕ ﻭﺃﺩﱏ ﻭﺃﻋﻠﻰ ﺳﻌﺮ ﻭﺑﺪﻭﻥ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﻻ ﳝﻜﻦ ﺭﺳﻢ ﺧﺮﻳﻄﺔ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ‬
‫ﻭﺇﺫﺍ ﻛﺎﻥ ﺳﻌﺮ ﺍﻹﻏﻼﻕ ﻓﻮﻕ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﻋﻨﺪ ﺫﻟﻚ ﺗﻜﻮﻥ ﺍﻟﺸﻤﻌﺔ ﻓﺎﺭﻏﺔ )ﻏﲑ ﳑﻠﻮﺀﺓ( ﻭﺩﺍﺋﻤﹰﺎ ﺗﺄﺧﺬ ﺍﻟﻠﻮﻥ ﺍﻷﺑﻴﺾ ﻋﻨﺪﻣﺎ ﺗﺮﺳﻢ ﻭﺇﺫﺍ ﻛﺎﻥ ﺳﻌﺮ‬
‫ﺍﻹﻏﻼﻕ ﺃﻗﻞ ﻣﻦ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﻋﻨﺪ ﺫﻟﻚ ﺗﻜﻮﻥ ﺍﻟﺸﻤﻌﺔ ﳑﻠﻮﺀﺓ ﻭﺩﺍﺋﻤﹰﺎ ﺗﺄﺧﺬ ﺍﻟﻠﻮﻥ ﺍﻷﺳﻮﺩ ﰲ ﺍﳋﺮﻳﻄﺔ ﻭﺍﻟﻘﺴﻢ ﺍﻟﻔﺎﺭﻍ ﺃﻭ ﺍﳌﻤﻠﻮﺀ ﻣﻦ ﺍﻟﺸﻤﻌﺔ ﻳﺴﻤﻰ‬
‫ﺍﳉﺴﻢ ﻭﻏﺎﻟﺒﹰﺎ ﻳﻄﻠﻖ ﻋﻠﻴﻪ " ﺍﳉﺴﻢ ﺍﳊﻘﻴﻘﻲ " ﻭ ﺍﳋﻄﲔ ﺍﻟﻄﻮﻳﻠﲔ ﺍﻟﺮﻓﻴﻌﲔ ﻓﻮﻕ ﻭﲢﺖ ﺍﳉﺴﻢ ﲤﺜﻞ ﻣﺪﻯ ﺍﻻﺭﺗﻔﺎﻉ ﻭﺍﻻﳔﻔﺎﺽ ﻋﻦ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ‬
‫ﻭﺍﻹﻏﻼﻕ ﻭﺗﺪﻋﻰ ﻫﺬﻳﻦ ﺍﳋﻄﲔ ﺑﺎﻟﻈﻼﻝ ﻭﺩﺍﺋﻤﺎ ﺗﺪﻋﻰ "ﺍﻟﻔﺘﻴﻠﺔ" ﺇﺫﺍ ﻛﺎﻧﺖ ﺇﱃ ﺃﻋﻠﻰ ﺃﻭ "ﺍﻟﺬﻧﺐ" ﺇﺫﺍ ﻛﺎﻧﺖ ﺇﱃ ﺃﺳﻔﻞ‪..‬‬

‫ﺃﻋﻠﻰ ﺳﻌﺮ ﻳﺘﻜﻮﻥ ﺑﻮﺍﺳﻄﺔ ﻗﻤﺔ ﺍﻟﻈﻞ ﺍﻟﻌﻠﻮﻱ ﻭﺃﻗﻞ ﺳﻌﺮ ﻳﺘﻜﻮﻥ ﺑﻮﺍﺳﻄﺔ ﻗﺎﻉ ﺃﻭ ‪‬ﺎﻳﺔ ﺍﻟﻈﻞ ﺍﻟﺴﻔﻠﻲ ﻭﺍﻟﺸﻤﻌﺔ ﺍﻟﺒﻴﻀﺎﺀ ﻳﻜﻮﻥ ﻓﻴﻬﺎ ﺍﻹﻏﻼﻕ‬
‫ﺃﻋﻠﻰ ﻣﻦ ﺍﻻﻓﺘﺘﺎﺡ ﻭﻫﺬﺍ ﻳﺸﲑ ﺇﱃ ﺿﻐﻂ ﺷﺮﺍﺀ ﺃﻣﺎ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺴﻮﺩﺍﺀ ﻓﻴﻜﻮﻥ ﻓﻴﻬﺎ ﺳﻌﺮ ﺍﻹﻏﻼﻕ ﺍﻗﻞ ﻣﻦ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﻭﻫﺬﺍ ﻳﺸﲑ ﺇﱃ ﺿﻐﻂ ﺑﻴﻊ‪..‬‬

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 ‫◊ اﻷﺟﺴﺎم اﻟﻄﻮﻳﻠﺔ ﻣﻘﺎﺑﻞ اﻷﺟﺴﺎم اﻟﻘﺼﻴﺮة‪:‬‬
‫ﻋﺎﺩ ﹰﺓ ﻳﻘﺎﻝ ﺍﻷﺟﺴﺎﻡ ﺍﻟﻄﻮﻳﻠﺔ ﺗﻌﱪ ﻋﻦ ﺿﻐﻂ ﺑﻴﻊ ﻛﺜﻴﻒ ﺃﻭ ﺿﻐﻂ ﺷﺮﺍﺀ ﻛﺜﻴﻒ ﻭﻋﻠﻰ ﺍﻟﻌﻜﺲ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻸﺟﺴﺎﻡ ﺍﻟﻘﺼﲑﺓ ﻓﺈ‪‬ﺎ ﺗﺸﲑ ﺇﱃ ﲢﺮﻙ‬
‫ﺿﺌﻴﻞ ﰲ ﺍﻟﺴﻌﺮ ﻭﲤﺜﻞ ﺗﻌﺰﻳﺰ ﻭﺍﻟﺸﻤﻌﺔ ﺍﻟﺒﻴﻀﺎﺀ ﺍﻟﻄﻮﻳﻠﺔ ﺗﺒﲔ ﺿﻐﻂ ﺷﺮﺍﺀ ﻗﻮﻱ ﻭﻫﺬﺍ ﻳﺸﲑ ﺇﱃ ﺍﺭﺗﻔﺎﻉ ﺫﻭ ﻣﻌﲎ ﻫﺎﻡ ﻣﻦ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﺇﱃ ﺳﻌﺮ ﺍﻹﻏﻼﻕ‬
‫ﻭﻛﺬﻟﻚ ﻳﺸﲑ ﺇﱃ ﺃﻥ ﺍﳌﺸﺘﺮﻳﻦ ﺃﻛﺜﺮ ﻋﺪﻭﺍﻧﻴﺔ ﻭﻗﻮﺓ ﻭﻋﻠﻰ ﺍﻟﺮﻏﻢ ﻣﻦ ﺃﻥ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺒﻴﻀﺎﺀ ﺍﻟﻄﻮﻳﻠﺔ ﺑﺼﻮﺭﺓ ﻋﺎﻣﺔ ﻋﺒﺎﺭﺓ ﻋﻦ ﻋﻤﻠﻴﺔ ﺻﻌﻮﺩ ﺇﱃ ﺃ‪‬ﺎ ﺗﻌﺘﻤﺪ‬
‫ﻛﺜﲑﹰﺍ ﻋﻠﻰ ﺣﺎﻟﺘﻬﺎ )ﻣﻮﺿﻌﻬﺎ( ﺩﺍﺧﻞ ﺍﻟﺼﻮﺭﺓ ﺍﻟﻔﻨﻴﺔ ﺑﺸﻜﻞ ﻋﺎﻡ ﻓﺒﻌﺪ ﺍﻟﻮﺻﻮﻝ ﺇﱃ ﺍﻻﳔﻔﺎﺽ )ﺍﻟﻘﺎﻉ( ﺍﻟﺸﻤﻌﺔ ﺍﻟﺒﻴﻀﺎﺀ ﺍﻟﻄﻮﻳﻠﺔ ﳝﻜﻦ ﺃﻥ ﺗﺼﻨﻊ ﲢﻮﻝ‬
‫)ﺍﻧﻌﻜﺎﺱ( ﳏﺘﻤﻞ ﺃﻭ ﺗﺼﻨﻊ ﻣﺴﺘﻮﻯ ﺩﻋﻢ‪..‬‬

‫ﺍﻟﺸﻤﻌﺔ ﺍﻟﺴﻮﺩﺍﺀ ﺍﻟﻄﻮﻳﻠﺔ ﺗﺒﲔ ﺿﻐﻂ ﺑﻴﻊ ﻗﻮﻱ ﻭﻫﻲ ﻋﺒﺎﺭﺓ ﻋﻦ ﺇﻏﻼﻕ ﲢﺖ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﻭﻫﺬﺍ ﻳﺸﲑ ﺇﱃ ﺍﳔﻔﺎﺽ ﺫﻭ ﻣﻌﲎ ﻫﺎﻡ ﻣﻦ ﺳﻌﺮ‬
‫ﺍﻻﻓﺘﺘﺎﺡ ﻭﻛﺬﻟﻚ ﻳﺸﲑ ﺇﱃ ﺃﻥ ﺍﻟﺒﺎﺋﻌﲔ ﻛﺎﻧﻮﺍ ﺃﻛﺜﺮ ﻗﻮﺓ ﻭﻋﺪﻭﺍﻧﻴﺔ ﻭﺑﻌﺪ ﺍﻻﺭﺗﻔﺎﻉ ﺍﻟﻄﻮﻳﻞ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺴﻮﺩﺍﺀ ﺍﻟﻄﻮﻳﻠﺔ ﳝﻜﻦ ﺃﻥ ﺗﻨﺬﺭ ﺑﻨﻘﻄﺔ ﲢﻮﻝ ﺃﻭ ﺗﻀﻊ‬
‫ﻣﺴﺘﻮﻯ ﻣﻘﺎﻭﻣﺔ ﻣﺴﺘﻘﺒﻠﻲ ﺃﻣﺎ ﺑﻌﺪ ﺍﻻﳔﻔﺎﺽ ﺍﻟﻄﻮﻳﻞ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺴﻮﺩﺍﺀ ﺗﺸﲑ ﺇﱃ ﺭﻋﺐ ﺃﻭ ﺍﺳﺘﺴﻼﻡ‪..‬‬

‫ﻣﻦ ﺃﻛﺜﺮ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻄﻮﻳﻠﺔ ﻓﺎﻋﻠﻴﺔ ﻫﻲ ﺍﻟـ ‪ Marubozu‬ﺍﻟﺴﻮﺩﺍﺀ ﺃﻭ ﺍﻟﺒﻴﻀﺎﺀ ﻭﺍﻟـ ‪ Marubozu‬ﻟﻴﺲ ﳍﺎ ﻇﻼﻝ ﻋﻠﻮﻳﺔ ﺃﻭ ﺳﻔﻠﻴﺔ ﻭﺃﻋﻠﻰ‬
‫ﺍﻟﺒﻴﻀﺎﺀ ﺗﺘﻜﻮﻥ ﻋﻨﺪﻣﺎ ﻳﺴﺎﻭﻱ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﺃﻗﻞ ﺳﻌﺮ ﻭﺳﻌﺮ ﺍﻹﻏﻼﻕ‬ ‫‪Marubozu‬‬ ‫ﺳﻌﺮ ﻭﺃﺩﱏ ﺳﻌﺮ ﳝﺜﻞ ﺑﺴﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﻭﺳﻌﺮ ﺍﻹﻏﻼﻕ ﻭﺍﻟـ‬
‫ﺍﻟﺴﻮﺩﺍﺀ ﺗﺘﻜﻮﻥ‬ ‫‪Marubozu‬‬ ‫ﻳﺴﺎﻭﻱ ﺃﻋﻠﻰ ﺳﻌﺮ ﻭﻫﺬﻩ ﺍﻟﺸﻤﻌﺔ ﺗﺸﲑ ﺇﱃ ﺃﻥ ﺍﳌﺸﺘﺮﻳﻦ ﲢﻜﻤﻮﺍ ﰲ ﺣﺮﻛﺔ ﺍﻟﺴﻌﺮ ﻣﻦ ﺑﺪﺍﻳﺔ ﺍﻟﺘﺪﺍﻭﻝ ﺇﱃ ‪‬ﺎﻳﺘﻪ ﻭﺍﻟـ‬
‫ﻋﻨﺪﻣﺎ ﻳﺴﺎﻭﻱ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﺃﻋﻠﻰ ﺳﻌﺮ ﻭﺳﻌﺮ ﺍﻹﻏﻼﻕ ﺃﻗﻞ ﺳﻌﺮ ﻭﻫﺬﻩ ﺍﻟﺸﻤﻌﺔ ﺗﺸﲑ ﺇﱃ ﺃﻥ ﺍﻟﺒﺎﺋﻌﲔ ﲢﻜﻤﻮﺍ ﰲ ﺣﺮﻛﺔ ﺍﻟﺴﻌﺮ ﻣﻦ ﺑﺪﺍﻳﺔ‬
‫ﺍﻟﺘﺪﺍﻭﻝ ﺇﱃ ‪‬ﺎﻳﺘﻪ‪..‬‬

‫◊ اﻟﻈﻼل اﻟﻄﻮﻳﻠﺔ ﻣﻘﺎﺑﻞ اﻟﻈﻼل اﻟﻘﺼﻴﺮة‪:‬‬

‫ﺍﻟﻈﻼﻝ ﺍﻟﻌﻠﻮﻳﺔ )ﺍﻟﻔﺘﻴﻠﺔ( ﻭﺍﻟﻈﻼﻝ ﺍﻟﺴﻔﻠﻴﺔ )ﺍﻟﺬﻳﻞ( ﰲ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ ﳝﻜﻦ ﺃﻥ ﺗﺰﻭﺩﻧﺎ ﲟﻌﻠﻮﻣﺎﺕ ﺫﺍﺕ ﻗﻴﻤﺔ ﻋﻦ ﺟﻠﺴﺔ ﺍﻟﺘﺪﺍﻭﻝ‪ ،‬ﺍﻟﻈﻼﻝ‬
‫ﺍﻟﻌﻠﻮﻳﺔ )ﺍﻟﻔﺘﻴﻠﺔ( ﲤﺜﻞ ﺟﻠﺴﺔ )ﺩﻭﺭﺓ( ﻋﺎﻟﻴﺔ ﻭﺍﻟﻈﻼﻝ ﺍﻟﺴﻔﻠﻴﺔ )ﺍﻟﺬﻳﻞ( ﲤﺜﻞ ﺟﻠﺴﺔ )ﺩﻭﺭﺓ( ﻣﻨﺨﻔﻀﺔ ﻭﺍﻟﺸﻤﻮﻉ ﺫﺍﺕ ﺍﻟﻈﻼﻝ ﺍﻟﻘﺼﲑﺓ ﺗﺸﲑ ﺇﱃ ﺃﻥ ﺃﻛﺜﺮ‬
‫ﺣﺮﻛﺔ ﺍﻟﺘﺪﺍﻭﻝ ﻛﺎﻧﺖ ﰲ ﻧﻄﺎﻕ ﺿﻴﻖ ﺑﺎﻟﻘﺮﺏ ﻣﻦ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﻭﺳﻌﺮ ﺍﻹﻏﻼﻕ ﻭﺍﻟﺸﻤﻮﻉ ﺫﺍﺕ ﺍﻟﻈﻼﻝ ﺍﻟﻄﻮﻳﻠﺔ ﺗﺒﲔ ﺃﻥ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻣﺘﺪ ﺃﻭ ﺗﻀﺨﻢ‬
‫ﺑﺸﻜﻞ ﺟﻴﺪ ﻭﺣﺴﻦ ﻋﻦ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﺍﻟﺴﺎﺑﻖ ﺃﻭ ﺳﻌﺮ ﺍﻹﻏﻼﻕ ﺍﻟﺴﺎﺑﻖ‪..‬‬

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 ‫ﺍﻟﺸﻤﻮﻉ ﺫﺍﺕ ﺍﻟﻈﻞ ﺍﻟﻌﻠﻮﻱ ﺍﻟﻄﻮﻳﻞ ﻭﺍﻟﻈﻞ ﺍﻟﺴﻔﻠﻲ ﺍﻟﻘﺼﲑ ﺗﺸﲑ ﺇﱃ ﺃﻥ ﺍﳌﺸﺘﺮﻳﻦ ﺳﻴﻄﺮﻭﺍ ﺃﺛﻨﺎﺀ ﺍﳉﻠﺴﺔ ﻭﺭﻓﻌﻮﺍ ﺍﻷﺳﻌﺎﺭ ﺇﱃ ﺃﻋﻠﻰ‪ ،‬ﺑﺼﻮﺭﺓ‬
‫ﻋﺎﻣﺔ ﺍﻟﺒﺎﺋﻌﲔ ﺗﺄﺧﺮﻭﺍ ﰲ ﺇﺟﺒﺎﺭ ﺃﻭ ﺩﻓﻊ ﺍﻷﺳﻌﺎﺭ ﺇﱃ ﺃﺳﻔﻞ ﻣﻦ ﺃﻋﻠﻰ ﺳﻌﺮ ﳍﺎ ﻭﺍﻹﻏﻼﻕ ﺍﻟﻀﻌﻴﻒ ﺻﻨﻊ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ ﻭﻋﻠﻰ ﺍﻟﻌﻜﺲ ﺍﻟﺸﻤﻮﻉ ﺫﺍﺕ‬
‫ﺍﻟﻈﻞ ﺍﻟﺴﻔﻠﻲ ﺍﻟﻄﻮﻳﻞ ﻭﺍﻟﻈﻞ ﺍﻟﻌﻠﻮﻱ ﺍﻟﻘﺼﲑ ﺗﺸﲑ ﺇﱃ ﺃﻥ ﺍﻟﺒﺎﺋﻌﲔ ﺳﻴﻄﺮﻭﺍ ﺃﺛﻨﺎﺀ ﺟﻠﺴﺔ ﺍﻟﺘﺪﺍﻭﻝ ﻭﺧﻔﻀﻮﺍ )ﻗﺎﺩﻭﺍ( ﺍﻟﺴﻌﺮ ﺇﱃ ﺃﺳﻔﻞ‪ ،‬ﺑﺼﻮﺭﺓ ﻋﺎﻣﺔ‬
‫ﺍﳌﺸﺘﺮﻳﻦ ﺗﺄﺧﺮﻭﺍ ﰲ ﺯﻳﺎﺩﺓ ﺍﻟﺴﻌﺮ ﺇﱃ ﺃﻋﻠﻰ ﺑﻨﻬﺎﻳﺔ ﺟﻠﺴﺔ ﺍﻟﺘﺪﺍﻭﻝ ﻭﺍﻹﻏﻼﻕ ﺍﻟﻘﻮﻱ ﺻﻨﻊ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ‪..‬‬

‫ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ ﺫﺍﺕ ﺍﳉﺴﻢ ﺍﻟﺼﻐﲑ ﻭﺍﻟﻈﻞ ﺍﻟﻌﻠﻮﻱ ﺍﻟﻄﻮﻳﻞ ﻭﺍﻟﻈﻞ ﺍﻟﺴﻔﻠﻲ ﺍﻟﻄﻮﻳﻞ ﺗﺴﻤﻰ ‪ ،Spinning Tops‬ﺍﻟﻈﻞ ﺍﻟﻌﻠﻮﻱ ﳝﺜﻞ ﻋﻤﻠﻴﺔ‬
‫ﲤﺜﻞ ﻋﻤﻠﻴﺔ ﺣﲑﺓ )ﺗﺮﺩﺩ( ﻭﺍﳉﺴﻢ ﺍﻟﺼﻐﲑ )ﺍﺑﻴﺾ ﺃﻭ ﺃﺳﻮﺩ( ﻳﺒﲔ ﻋﻤﻠﻴﺔ ﲢﺮﻙ ﺑﺴﻴﻄﺔ ﻣﻦ‬ ‫‪Spinning Tops‬‬ ‫ﺍﻧﻌﻜﺎﺱ )ﺃﺳﻠﻮﺏ ﺍﻧﻌﻜﺎﺱ( ﻭ ﺍﻟـ‬
‫ﻼ ﻣﻦ ﺍﻟﺜﲑﺍﻥ )ﺍﳌﺸﺘﺮﻳﻦ( ﻭﺍﻟﺪﺑﺒﺔ )ﺍﻟﺒﺎﺋﻌﲔ( ﻛﺎﻧﻮﺍ ﻧﺸﻄﲔ ﺃﺗﻨﺎﺀ ﺟﻠﺴﺔ ﺍﻟﺘﺪﺍﻭﻝ‪ ،‬ﺣﱴ ﻟﻮ ﻛﺎﻥ ﺍﻓﺘﺘﺎﺡ ﻭﺇﻏﻼﻕ‬
‫ﺍﻻﻓﺘﺘﺎﺡ ﺇﱃ ﺍﻹﻏﻼﻕ ﻭﺍﻟﻈﻼﻝ ﺗﺸﲑ ﺃﻥ ﻛ ﹰ‬
‫ﻼ ﻣﻦ ﺍﻟﺒﺎﺋﻌﲔ ﻭﺍﳌﺸﺘﺮﻳﻦ ﱂ ﻳﺴﺘﻄﻴﻌﻮﺍ‬
‫ﺟﻠﺴﺔ ﺍﻟﺘﺪﺍﻭﻝ ﺿﻤﻦ ﺗﻐﲑ ﺑﺴﻴﻂ ﻓﺎﻥ ﺣﺮﻛﺔ ﺍﻷﺳﻌﺎﺭ ﺇﱃ ﺃﻋﻠﻰ ﻭﺍﱃ ﺃﺳﻔﻞ ﳍﺎ ﻣﻌﲎ ﻫﺎﻡ ﺧﻼﻝ ﻫﺬﺍ ﺍﻟﺘﺤﺮﻙ‪ ،‬ﻛ ﹰ‬
‫ﻛﺴﺐ )ﺭﺑﺢ( ﺍﻟﻴﺪ ﺍﻟﻌﻠﻴﺎ ﻭﺍﻟﻨﺘﻴﺠﺔ ﻛﺎﻧﺖ ﺑﻌﻴﺪﺓ ﻋﻨﻬﻢ‪..‬‬

‫ﺗﺸﲑ ﺇﱃ ﺿﻌﻒ ﻓﻴﻤﺎ ﺑﲔ ﺍﻟﺜﲑﺍﻥ )ﺍﳌﺸﺘﺮﻳﻦ( ﻭﺃﻥ ﻫﻨﺎﻙ ﺗﻐﲑ‬ ‫‪Spinning Tops‬‬ ‫ﺑﻌﺪ ﺍﻻﺭﺗﻔﺎﻉ ﺍﻟﻄﻮﻳﻞ ﺃﻭ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺒﻴﻀﺎﺀ ﺍﻟﻄﻮﻳﻠﺔ ﺍﻟـ‬
‫ﳏﺘﻤﻞ ﺃﻭ ﺇﻋﺎﻗﺔ )ﺍﻋﺘﺮﺍﺽ( ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﻭﻛﺬﻟﻚ ﺑﻌﺪ ﺍﻻﳔﻔﺎﺽ ﺍﻟﻄﻮﻳﻞ ﺃﻭ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺴﻮﺩﺍﺀ ﺍﻟﻄﻮﻳﻠﺔ ﻓﺈﻥ ﺍﻟـ ‪ Spinning Tops‬ﺗﺸﲑ ﺇﱃ ﺿﻌﻒ‬
‫ﻓﻴﻤﺎ ﺑﲔ ﺍﻟﺪﺑﺒﺔ )ﺍﻟﺒﺎﺋﻌﲔ( ﻭﺍﻥ ﻫﻨﺎﻙ ﺗﻐﲑ ﳏﺘﻤﻞ ﺃﻭ ﺇﻋﺎﻗﺔ )ﺍﻋﺘﺮﺍﺽ( ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ‪..‬‬

‫◊ ﺷﻤﻌﺔ ‪:Doji‬‬
‫ﴰﻌﺔ ﺍﻟـ ‪ Doji‬ﺗﻌﺘﱪ ﻣﻦ ﺃﻫﻢ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ ﺍﻟﱵ ﺗﺒﲔ ﻣﻌﻠﻮﻣﺎﺕ ﺧﺎﺻﺔ ‪‬ﺎ ﻭﺩﺍﺋﻤﹰﺎ ﺗﻈﻬﺮ ﰲ ﻋﺪﺩ ﻣﻦ ﺍﻟﻨﻤﺎﺫﺝ ﺍﳌﻬﻤﺔ‪ ،‬ﺗﺘﻜﻮﻥ ﻫﺬﻩ ﺍﻟﺸﻤﻌﺔ‬
‫ﻋﻨﺪﻣﺎ ﻳﻜﻮﻥ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﻣﺴﺎﻭﻱ ﻟﺴﻌﺮ ﺍﻹﻏﻼﻕ ﻭﻃﻮﻝ ﺍﻟﻈﻼﻝ ﺍﻟﻌﻠﻮﻳﺔ ﻭﺍﻟﺴﻔﻠﻴﺔ ﳝﻜﻦ ﺃﻥ ﻳﻜﻮﻥ ﳐﺘﻠﻒ ﻟﻜﻦ ﳏﺼﻠﺔ ﻧﺘﻴﺠﺔ ﺍﻟﺸﻤﻌﺔ ﺗﻜﻮﻥ ﻋﻠﻰ‬
‫ﺗﺸﲑ ﺇﱃ ﳕﻮﺫﺝ‬ ‫‪Doji‬‬ ‫ﻣﻨﻔﺮﺩﺓ ﺗﻌﺘﱪ ﳕﻮﺫﺝ ﻋﺎﺩﻱ ﺃﻭ ﳏﺎﻳﺪ ﻭﻛﻠﻤﺔ‬ ‫‪Doji‬‬ ‫ﺷﻜﻞ ﺻﻠﻴﺐ ﺃﻭ ﺻﻠﻴﺐ ﻣﻌﻜﻮﺱ ﺃﻭ ﺇﺷﺎﺭﺓ ﲨﻊ )‪ ،(+‬ﻋﻨﺪﻣﺎ ﺗﻜﻮﻥ ﴰﻌﺔ‬
‫ﺫﺍﺕ ﺳﻌﺮ ﺍﻓﺘﺘﺎﺡ‬ ‫‪Doji‬‬ ‫ﺍﳌﻔﺮﺩ ﻭﺍﳉﻤﻊ ﻭﻳﻔﻀﻞ ﺃﻥ ﻳﻜﻮﻥ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﻭﺍﻹﻏﻼﻕ ﻣﺘﺴﺎﻭﻳﲔ ﻭﻟﻜﻦ ﺫﻟﻚ ﻟﻴﺲ ﻣﻦ ﺍﻟﻀﺮﻭﺭﻱ ﻭﺣﱴ ﻟﻮ ﻛﺎﻧﺖ ﺍﻟـ‬
‫ﻭﺇﻏﻼﻕ ﻣﺘﺴﺎﻭﻱ ﺗﻌﺘﱪ ﺃﻛﺜﺮ ﻗﻮﺓ ﺇﱃ ﺍﻧﻪ ﻣﻦ ﺍﻟﻀﺮﻭﺭﻱ ﺍﻻﺳﺘﻴﻼﺀ ﻋﻠﻰ ﺟﻮﻫﺮ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ‪..‬‬

‫ﺍﻟـ ‪ Doji‬ﺗﻮﺻﻞ )ﺗﻨﻘﻞ( ﻣﻌﲎ ﺍﳊﲑﺓ ﺃﻭ ﺍﻟﺘﺮﺩﺩ ﺃﻭ ﺍﻟﺼﺮﺍﻉ ﺑﲔ ﺍﳌﺸﺘﺮﻳﻦ ﻭﺍﻟﺒﺎﺋﻌﲔ‪ ،‬ﻓﺎﻟﺴﻌﺮ ﻳﺘﺤﺮﻙ ﻓﻮﻕ ﻭﲢﺖ ﻣﺴﺘﻮﻯ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﺃﺛﻨﺎﺀ‬
‫ﺟﻠﺴﺔ ﺍﻟﺘﺪﺍﻭﻝ ﻟﻜﻦ ﺍﻹﻏﻼﻕ ﻳﻜﻮﻥ ﻗﺮﻳﺐ ﺃﻭ ﻋﻠﻰ ﻧﻔﺲ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﻭﺍﻟﻨﺘﻴﺠﺔ ﺗﺒﻘﻰ ﺑﻌﻴﺪﺓ ﻻ ﺍﻟﺜﲑﺍﻥ ﻭﻻ ﺍﻟﺪﺑﺒﺔ ﺍﺳﺘﻄﺎﻋﻮﺍ ﻛﺴﺐ ﺍﻟﺘﺤﻜﻢ ﻭﻧﻘﻄﺔ‬
‫ﺍﻟﺘﺤﻮﻝ ﻋﻠﻰ ﻭﺷﻚ ﺍﻟﻈﻬﻮﺭ‪..‬‬

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 ‫ﺍﻷﺳﻬﻢ ﺍﳌﺨﺘﻠﻔﺔ ﺗﺄﺧﺬ ﻣﻘﺎﻳﻴﺲ ﳐﺘﻠﻔﺔ ﻟﺘﺤﺪﻳﺪ ﻗﻮﺓ ﺍﻟـ ‪ Doji‬ﻓﺎﻷﺳﻬﻢ ﺫﺍﺕ ﺍﻟﺴﻌﺮ ‪ $20‬ﳝﻜﻦ ﺃﻥ ﺗﻜﻮﻥ ‪ Doji‬ﺫﺍﺕ ‪ 1/8‬ﻧﻘﺎﻁ ﻓﺎﺭﻕ‬
‫ﺫﺍﺕ ‪ 1 1/4‬ﻧﻘﺎﻁ ﻓﺎﺭﻕ‪ ،‬ﻭﲢﺪﻳﺪ ﺍﻟﻘﻮﺓ‬ ‫‪Doji‬‬ ‫ﺑﲔ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﻭﺍﻹﻏﻼﻕ ﻭﻛﺬﻟﻚ ﺍﻷﺳﻬﻢ ﺫﺍﺕ ﺍﻟﺴﻌﺮ ‪ $200‬ﳝﻜﻦ ﺃﻥ ﺗﻜﻮﻥ‬
‫ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠـ ‪ Doji‬ﻳﺘﻮﻗﻒ ﻋﻠﻰ ﺍﻟﺴﻌﺮ ﻭﺍﻟﺘﺄﺛﲑ ﺍﳊﺎﱄ ﻭﺍﻟﺸﻤﻌﺔ ﺃﻭ ﺍﻟﺸﻤﻮﻉ ﺍﻟﺴﺎﺑﻘﺔ‪ ،‬ﻭﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﺸﻤﻮﻉ ﺍﻟﺴﺎﺑﻘﺔ ﺍﻟـ ‪ Doji‬ﳚﺐ ﺃﻥ ﺗﻜﻮﻥ ﺫﺍﺕ ﺟﺴﻢ‬
‫ﺻﻐﲑ ﺟﺪﹰﺍ ﻳﻈﻬﺮ )ﻳﺒﺪﻭﺍ( ﻛﺨﻂ ﺭﻗﻴﻖ ﺃﻭ ﺭﻓﻴﻊ ﻭﺍﻟـ ‪ Doji‬ﺍﻟﱵ ﺗﺘﻜﻮﻥ ﺑﲔ ﴰﻮﻉ ﺫﺍﺕ ﺃﺟﺴﺎﻡ ﺻﻐﲑﺓ ﻻ ﺗﻌﺘﱪ ﻣﻬﻤﺔ ﻭﺍﻟﱵ ﺗﺘﻜﻮﻥ ﺑﲔ ﴰﻮﻉ ﺫﺍﺕ‬
‫ﺃﺟﺴﺎﻡ ﻃﻮﻳﻠﺔ ﺗﻌﺘﱪ ﺫﺍﺕ ﻣﻌﲎ ﺃﻫﻢ‪..‬‬

‫◊ ﺷﻤﻌﺔ ‪ Doji‬واﻻﺗﺠﺎﻩ‪:‬‬
‫ﻭﺛﺎﻗﺔ ﺍﻟـ ‪ Doji‬ﺗﻌﺘﻤﺪ ﻋﻠﻰ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺴﺎﺑﻖ ﺃﻭ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺴﺎﺑﻘﺔ‪ ،‬ﺑﻌﺪ ﺍﻻﺭﺗﻔﺎﻉ ﺃﻭ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺒﻴﻀﺎﺀ ﺍﻟﻄﻮﻳﻠﺔ ﺍﻟـ ‪ Doji‬ﺗﺸﲑ ﺇﱃ ﺃﻥ ﺿﻐﻂ‬
‫ﺍﻟﺸﺮﺍﺀ ﺑﺪﺍﺀ ﰲ ﺍﻟﻀﻌﻒ ﻭﺑﻌﺪ ﺍﻻﳔﻔﺎﺽ ﺃﻭ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺴﻮﺩﺍﺀ ﺍﻟﻄﻮﻳﻠﺔ ﺍﻟـ ‪ Doji‬ﺗﺸﲑ ﺇﱃ ﺃﻥ ﺿﻐﻂ ﺍﻟﺒﻴﻊ ﺑﺪﺍﺀ ﻳﻨﻘﺺ )ﻳﻘﻞ(‪ ،‬ﺍﻟـ ‪ Doji‬ﺗﺸﲑ ﺇﱃ ﺃﻥ‬
‫ﻗﻮﺓ ﺍﻟﻌﺮﺽ ﻭﺍﻟﻄﻠﺐ ﺃﺻﺒﺤﺖ ﺃﻛﺜﺮ ﻫﺪﻭﺀ ﻭﺃﻥ ﺗﻐﲑ ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺭﲟﺎ ﺃﺻﺒﺢ ﻗﺮﻳﺐ ﺍﳊﺪﻭﺙ ﻭ ﺍﻟـ ‪ Doji‬ﺍﻟﱵ ﺗﻜﻮﻥ ﻣﻨﻔﺮﺩﺓ ﺗﻌﺘﱪ ﻟﻴﺴﺖ ﻛﺎﻓﻴﺔ‬
‫ﻟﻜﻲ ﺗﻜﻮﻥ ﻋﻼﻣﺔ ﺍﻧﻌﻜﺎﺱ ﻟﻼﲡﺎﻩ ﻭﲢﺘﺎﺝ ﺇﱃ ﺗﺄﻛﻴﺪ ﺇﺿﺎﰲ ﻟﻠﺘﱪﻳﺮ )ﻟﺘﻜﻮﻥ ﻣﱪﺭﺓ(‪.‬‬

‫ﺑﻌﺪ ﺍﻻﺭﺗﻔﺎﻉ ﺃﻭ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺒﻴﻀﺎﺀ ﺍﻟﻄﻮﻳﻠﺔ ﺍﻟـ ‪ Doji‬ﺗﻜﻮﻥ ﺇﺷﺎﺭﺓ ﺇﱃ ﺃﻥ ﺿﻐﻂ ﺍﻟﺸﺮﺍﺀ ﺑﺪﺍﺀ ﻳﺘﻨﺎﻗﺺ ﻭﺍﻥ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ ﺭﲟﺎ ﺃﺻﺒﺢ‬
‫ﻗﺮﻳﺐ ﻣﻦ ﺍﻟﻨﻬﺎﻳﺔ ﻭﰲ ﺣﲔ ﺃﻥ ﺍﻟﺴﻬﻢ ﻳﺴﺘﻄﻴﻊ ﺍﳍﺒﻮﻁ ﺃﻭ ﺍﻟﱰﻭﻝ ﺑﺒﺴﺎﻃﺔ ﻋﻦ ﻧﻘﺺ ﺍﳌﺸﺘﺮﻳﻦ ﻓﺈﻥ ﻣﻮﺍﺻﻠﺔ ﺿﻐﻂ ﺍﻟﺸﺮﺍﺀ ﺗﻌﺘﱪ ﺇﺷﺎﺭﺓ ﺗﺄﻛﻴﺪ ﻟﻼﲡﺎﻩ‬
‫ﺍﻟﺼﺎﻋﺪ ﻟﺬﻟﻚ ﺍﻟـ ‪ Doji‬ﺗﻜﻮﻥ ﺃﻛﺜﺮ ﺃﳘﻴﺔ ﺑﻌﺪ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ ﺃﻭ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺒﻴﻀﺎﺀ‪ ،‬ﺣﱴ ﺑﻌﺪ ﺗﻜﻮﻥ ﺍﻟـ ‪ Doji‬ﻓﺎﻥ ﺗﻌﺰﻳﺰ ﺍﻻﲡﺎﻩ ﺍﻟﻨﺎﺯﻝ ﻳﺘﻄﻠﺐ‬
‫)ﺍﻟﻔﺠﻮﺓ ﺍﻟﺴﻔﻠﻰ( ﺃﻭ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺴﻮﺩﺍﺀ ﺍﻟﻄﻮﻳﻠﺔ‪ ،‬ﺑﻌﺪ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺒﻴﻀﺎﺀ ﺍﻟﻄﻮﻳﻠﺔ‬ ‫‪Gap Down‬‬ ‫ﺗﺄﻛﻴﺪ ﺍﳍﺒﻮﻁ ﻭﻫﺬﺍ ﺭﲟﺎ ﻳﻜﻮﻥ ﺑﻮﺍﺳﻄﺔ ﺍﻟـ‬
‫ﻭﺍﻟـ ‪ Doji‬ﻓﺈﻥ ﺍﳌﺘﺪﺍﻭﻟﲔ ﺭﲟﺎ ﻳﻜﻮﻧﻮﺍ ﰲ ﲢﺬﻳﺮ ﻻﺣﺘﻤﺎﻝ ﺗﻜﻮﻥ ﳕﻮﺫﺝ ‪..Evening Doji Star‬‬

‫ﺑﻌﺪ ﺍﻻﳔﻔﺎﺽ ﺃﻭ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺴﻮﺩﺍﺀ ﺍﻟﻄﻮﻳﻠﺔ ﺍﻟـ ‪ Doji‬ﺗﻜﻮﻥ ﺇﺷﺎﺭﺓ ﺇﱃ ﺃﻥ ﺿﻐﻂ ﺍﻟﺒﻴﻊ ﺑﺪﺍﺀ ﻳﺘﻨﺎﻗﺺ ﻭﺍﻥ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ ﺭﲟﺎ ﺃﺻﺒﺢ‬
‫ﻗﺮﻳﺒﹰﺎ ﻣﻦ ﺍﻟﻨﻬﺎﻳﺔ ﻭﺣﱴ ﻟﻮ ﺃﻥ ﺍﻟﺪﺑﺒﺔ ﺑﺪﺀﻭﺍ ﰲ ﻓﻘﺪ ﺍﻟﺘﺤﻜﻢ ﰲ ﺍﻻﳔﻔﺎﺽ ﻓﺎﻥ ﺍﻟﺘﻌﺰﻳﺰ ﺍﻟﻘﻮﻱ ﻳﺘﻄﻠﺐ ﺗﺄﻛﻴﺪ ﺃﻱ ﺍﻧﻌﻜﺎﺱ ﰲ ﺍﻻﲡﺎﻩ ﻭﺗﺄﻛﻴﺪ ﻋﻤﻠﻴﺔ ﺍﻟﺼﻌﻮﺩ‬
‫)ﺍﻟﻔﺠﻮﺓ ﺍﻟﻌﻠﻴﺎ( ﺃﻭ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺒﻴﻀﺎﺀ ﺍﻟﻄﻮﻳﻠﺔ ﺃﻭ ﺍﻻﺭﺗﻔﺎﻉ ﻓﻮﻕ ﺳﻌﺮ ﺍﻓﺘﺘﺎﺡ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺴﻮﺩﺍﺀ ﺍﻟﻄﻮﻳﻠﺔ‪ ،‬ﺑﻌﺪ ﺍﻟﺸﻤﻌﺔ‬ ‫‪Gap Up‬‬ ‫ﺭﲟﺎ ﻳﺄﰐ ﺑﻮﺍﺳﻄﺔ ﺍﻟـ‬
‫ﺍﻟﺴﻮﺩﺍﺀ ﺍﻟﻄﻮﻳﻠﺔ ﻭﺍﻟـ ‪ Doji‬ﺍﳌﺘﺪﺍﻭﻟﲔ ﳚﺐ ﺃﻥ ﻳﻜﻮﻧﻮﺍ ﻋﻠﻰ ﺣﺬﺭ ﻣﻦ ﺍﺣﺘﻤﺎﻝ ﺗﻜﻮﻥ ﳕﻮﺫﺝ ‪..Morning Doji Star‬‬

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 ‫◊ ﺷﻤﻌﺔ اﻟـ ‪ Doji‬ذات اﻷرﺟﻞ اﻟﻄﻮﻳﻠﺔ‪:‬‬
‫ﺍﻟـ ‪ Long-Legged Doji‬ﳍﺎ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ ﻭﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ ﻭﳘﺎ ﰲ ﺍﻟﻐﺎﻟﺐ ﻣﺘﺴﺎﻭﻳﺎﻥ ﰲ ﺍﻟﻄﻮﻝ‪ ،‬ﻫﺬﻩ ﺍﻟـ ‪ Doji‬ﺗﻌﻜﺲ ﻣﻘﺪﺍﺭ‬
‫ﻛﺒﲑ ﻣﻦ ﺍﻟﺪﻻﻻﺕ ﰲ ﺍﻟﺴﻮﻕ‪ ،‬ﺍﻟـ ‪ Long-Legged Doji‬ﺗﺸﲑ ﺇﱃ ﺃﻥ ﺍﻟﺴﻌﺮ ﰎ ﺗﺪﺍﻭﻟﻪ ﺑﺸﻜﻞ ﺟﻴﺪ ﻓﻮﻕ ﻭﲢﺖ ﻣﺴﺘﻮﻯ ﺍﻓﺘﺘﺎﺡ ﺍﳉﻠﺴﺔ ﻟﻜﻨﻪ ﺃﻏﻠﻖ‬
‫ﻓﻌﻠﻴﹰﺎ ﻣﺘﺴﺎﻭﻱ ﻣﻊ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﻭﺑﻌﺪ ﻧﺼﻴﺐ )ﻗﺪﺭ( ﻣﻦ ﺍﻟﺼﻴﺎﺡ ﻭﺍﻟﺼﺮﺍﺥ ﺍﳌﺘﺒﺎﺩﻝ ﺍﻟﻨﺘﻴﺠﺔ ﺍﻟﻨﻬﺎﺋﻴﺔ ﺗﺒﲔ ﺗﻐﲑ ﺑﺴﻴﻂ ﰲ ﺍﻟﺴﻌﺮ ﻣﻦ ﺍﻻﻓﺘﺘﺎﺡ ﺍﻷﻭﱄ‪..‬‬

‫◊ ﺷﻤﻌﺔ ‪ Doji‬اﻟﻤﻈﻠﺔ أو اﻟـ ‪:Dragonfly Doji‬‬

‫ﺍﻟـ )‪ Dragon Fly Doji (UMBRELLA‬ﺗﺘﻜﻮﻥ ﻋﻨﺪﻣﺎ ﻳﻜﻮﻥ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﻭﺃﻋﻠﻰ ﺳﻌﺮ ﻭﺳﻌﺮ ﺍﻹﻏﻼﻕ ﻣﺘﺴﺎﻭﻳﺔ ﻭﺃﺩﱏ ﺳﻌﺮ ﻳﺼﻨﻊ‬
‫ﻇﻞ ﻃﻮﻳﻞ ﺳﻔﻠﻲ ﻭﺍﻟﻨﺘﻴﺠﺔ ﺗﻜﻮﻥ ﻋﺒﺎﺭﺓ ﻋﻦ ﴰﻌﺔ ﺗﺸﺒﻪ ﺣﺮﻑ "‪ "T‬ﺫﺍﺕ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ ﻭﻻ ﻳﻮﺟﺪ ﳍﺎ ﻇﻞ ﻋﻠﻮﻱ‪ ،‬ﻭﻫﺬﻩ ﺍﻟﺸﻤﻌﺔ ﺗﺸﲑ ﺇﱃ ﺃﻥ ﺍﻟﺒﺎﺋﻌﲔ‬
‫ﺳﻴﻄﺮﻭﺍ ﻋﻠﻰ ﺍﻟﺘﺪﺍﻭﻝ ﻭﻗﺎﺩﻭﺍ ﺍﻟﺴﻌﺮ ﺇﱃ ﺃﺳﻔﻞ ﺃﺛﻨﺎﺀ ﺟﻠﺴﺔ ﺍﻟﺘﺪﺍﻭﻝ ﻭﺑﻨﻬﺎﻳﺔ ﺍﳉﻠﺴﺔ ﻇﻬﺮ ﺍﳌﺸﺘﺮﻭﻥ ﻭﺩﻓﻌﻮﺍ ﺍﻟﺴﻌﺮ ﻟﻴﻌﻮﺩ ﺇﱃ ﻣﺴﺘﻮﻯ ﺍﻻﻓﺘﺘﺎﺡ ﻭﺍﳉﻠﺴﺔ‬
‫ﺃﻏﻠﻘﺖ ﻋﻦ ﻫﺬﺍ ﺍﳌﺴﺘﻮﻯ‪..‬‬

‫ﻳﻌﺘﻤﺪ ﻋﻠﻰ ﺣﺮﻛﺔ ﺍﻟﺴﻌﺮ ﺍﻟﺴﺎﺑﻘﺔ ﻭﺍﻟﺘﺄﻛﻴﺪ ﺍﳌﺴﺘﻘﺒﻠﻲ‪ ،‬ﺍﻟﻈﻞ‬ ‫)‪Dragon Fly Doji (UMBRELLA‬‬ ‫ﺿﻤﺎﻥ ﺍﻻﻧﻌﻜﺎﺱ ﺑﺎﻟﻨﺴﺒﺔ ﻟـ‬
‫ﺍﻟﺴﻔﻠﻲ ﺍﻟﻄﻮﻳﻞ ﻳﻌﻄﻲ ﺍﻟﺸﺎﻫﺪ ﻋﻠﻰ ﺿﻐﻂ ﺍﻟﺸﺮﺍﺀ ﻟﻜﻦ ﺍﻗﻞ ﺳﻌﺮ ﻳﺸﲑ ﺇﱃ ﺃﻥ ﻫﻨﺎﻙ ﻋﺪﺩ ﻭﺍﻓﺮ ﻣﻦ ﺍﳌﺸﺘﺮﻳﻦ ﻻ ﻳﺰﺍﻟﻮﺍ ﺑﺎﺩﻳﻦ ﻟﻠﻌﻴﺎﻥ‪ ،‬ﻭﺑﻌﺪ ﺍﻻﲡﺎﻩ ﺍﻟﻨﺎﺯﻝ‬
‫ﺍﻟﻄﻮﻳﻞ ﺃﻭ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺴﻮﺩﺍﺀ ﺍﻟﻄﻮﻳﻠﺔ ﺃﻭ ﻣﻨﻄﻘﺔ ﺍﻟﺪﻋﻢ ﺍﻟـ )‪ Dragon Fly Doji (UMBRELLA‬ﺗﻌﺘﱪ ﺇﺷﺎﺭﺓ ﻟﻠﻘﺎﻉ ﺃﻭ ﻻﺣﺘﻤﺎﻝ ﺍﻧﻌﻜﺎﺱ ﻣﺘﻔﺎﺋﻞ‬
‫)ﻣﺘﻮﻗﻊ ﻟﻼﺭﺗﻔﺎﻉ( ﻟﻼﲡﺎﻩ ﻭﺑﻌﺪ ﺍﻻﲡﺎﻩ ﺍﻟﺼﺎﻋﺪ ﺍﻟﻄﻮﻳﻞ ﺃﻭ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺒﻴﻀﺎﺀ ﺍﻟﻄﻮﻳﻠﺔ ﺃﻭ ﻣﻨﻄﻘﺔ ﺍﳌﻘﺎﻭﻣﺔ ﺍﻟﻈﻞ ﺍﻟﺴﻔﻠﻲ ﺍﻟﻄﻮﻳﻞ ﻳﺸﲑ ﺇﱃ ﺍﻟﻘﻤﺔ ﺃﻭ ﺑﺎﻧﻌﻜﺎﺱ‬
‫ﻣﺘﺸﺎﺋﻢ )ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ( ﻟﻼﲡﺎﻩ ﻭﺳﻮﺍ ًﺀ ﻛﺎﻧﺖ ﺍﻟﻌﻤﻠﻴﺔ ﺗﻔﺎﺅﻝ )ﺗﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ( ﺃﻭ ﺗﺸﺎﺅﻡ )ﺗﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ( ﻓﺎﻥ ﺍﻟﺘﺄﻛﻴﺪ ﻣﻄﻠﻮﺏ ﰲ ﻛﻼ ﺍﳊﺎﻟﺘﲔ‪..‬‬

‫◊ ﺷﻤﻌﺔ ‪ Doji‬اﻟﻤﻈﻠﺔ اﻟﻤﻘﻠﻮﺑﺔ أو اﻟـ ‪:Gravestone Doji‬‬

‫ﺗﺘﻜﻮﻥ ﻋﻨﺪﻣﺎ ﻳﻜﻮﻥ ﺍﻻﻓﺘﺘﺎﺡ ﻭﺃﺩﱏ ﺳﻌﺮ ﻭﺍﻹﻏﻼﻕ ﻣﺘﺴﺎﻭﻳﺔ ﻭﺃﻋﻠﻰ ﺳﻌﺮ‬ ‫)‪Gravestone Doji (Inverted UMBRELLA‬‬ ‫ﺍﻟـ‬
‫ﻳﺼﻨﻊ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ ﻭﺍﻟﻨﺘﻴﺠﺔ ﺗﻜﻮﻥ ﻋﺒﺎﺭﺓ ﻋﻦ ﴰﻌﺔ ﺗﺸﺒﻪ ﺣﺮﻑ "‪ "T‬ﻣﻘﻠﻮﺏ ﻭ ﺫﺍﺕ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ ﻭﻟﻴﺲ ﳍﺎ ﻇﻞ ﺳﻔﻠﻲ‪ ،‬ﻭﻫﺬﻩ ﺍﻟﺸﻤﻌﺔ ﺗﺸﲑ‬
‫ﺇﱃ ﺃﻥ ﺍﳌﺸﺘﺮﻳﻦ ﺳﻴﻄﺮﻭﺍ ﻋﻠﻰ ﺍﻟﺘﺪﺍﻭﻝ ﻭﻗﺎﺩﻭﺍ ﺍﻟﺴﻌﺮ ﺇﱃ ﺃﻋﻠﻰ ﺃﺛﻨﺎﺀ ﺟﻠﺴﺔ ﺍﻟﺘﺪﺍﻭﻝ ﻭﻟﻜﻦ ﺑﻨﻬﺎﻳﺔ ﺍﳉﻠﺴﺔ ﻇﻬﺮ ﺍﻟﺒﺎﺋﻌﲔ ﻭﺩﻓﻌﻮﺍ ﺍﻟﺴﻌﺮ ﻟﻴﻌﻮﺩ ﻣﺮﺓ ﺃﺧﺮﻯ‬
‫ﺇﱃ ﻣﺴﺘﻮﻯ ﺍﻻﻓﺘﺘﺎﺡ ﻭﺍﳉﻠﺴﺔ ﺃﻏﻠﻘﺖ ﻋﻨﺪ ﺍﻗﻞ ﺳﻌﺮ‪..‬‬

‫ﻭﻫﺬﻩ ﺍﻟﺸﻤﻌﺔ ﻣﺜﻠﻬﺎ ﻣﺜﻞ ﺑﻘﻴﺔ ﺍﻟﺸﻤﻮﻉ ﺿﻤﺎﻥ ﺍﻻﻧﻌﻜﺎﺱ ﺑﺎﻟﻨﺴﺒﺔ ﳍﺎ ﻳﻌﺘﻤﺪ ﻋﻠﻰ ﺣﺮﻛﺔ ﺍﻟﺴﻌﺮ ﺍﻟﺴﺎﺑﻘﺔ ﻭﺍﻟﺘﺄﻛﻴﺪ ﺍﳌﺴﺘﻘﺒﻠﻲ‪ ،‬ﻭﻋﻠﻰ ﺍﻟﺮﻏﻢ ﻣﻦ‬
‫ﺍﻟﻈﻞ ﺍﻟﻌﻠﻮﻱ ﺍﻟﻄﻮﻳﻞ ﻳﺸﲑ ﺇﱃ ﺳﻘﻮﻁ ﺣﻘﻴﻘﻲ ﺇﻻ ﺃﻥ ﺃﻋﻠﻰ ﺳﻌﺮ ﰲ ﺍﻟﻴﻮﻡ ﻳﻌﻄﻲ ﺷﺎﻫﺪ ﻋﻠﻰ ﺑﻌﺾ ﺿﻐﻂ ﺍﻟﺸﺮﺍﺀ‪ ،‬ﺑﻌﺪ ﺍﻻﲡﺎﻩ ﺍﻟﻨﺎﺯﻝ ﺍﻟﻄﻮﻳﻞ ﺃﻭ ﺍﻟﺸﻤﻌﺔ‬
‫ﺍﻟﺴﻮﺩﺍﺀ ﺍﻟﻄﻮﻳﻠﺔ ﺃﻭ ﻣﻨﻄﻘﺔ ﺍﻟﺪﻋﻢ ﻓﺎﻥ ﺍﻟﺘﺮﻛﻴﺰ ﻳﺘﺤﻮﻝ ﺇﱃ ﺷﺎﻫﺪ ﻋﻠﻰ ﺿﻐﻂ ﺷﺮﺍﺀ ﻭﺍﺣﺘﻤﺎﻝ ﺍﻧﻌﻜﺎﺱ ﻣﺘﻔﺎﺋﻞ )ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ( ﰲ ﺍﻻﲡﺎﻩ ﻭﺑﻌﺪ ﺍﻻﲡﺎﻩ‬
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 ‫ﺍﻟﺼﺎﻋﺪ ﺍﻟﻄﻮﻳﻞ ﺃﻭ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺒﻴﻀﺎﺀ ﺍﻟﻄﻮﻳﻠﺔ ﺃﻭ ﻣﻨﻄﻘﺔ ﺍﳌﻘﺎﻭﻣﺔ ﻓﺎﻥ ﺍﻟﺘﺮﻛﻴﺰ ﻳﺘﺤﻮﻝ ﺇﱃ ﺍﻟﺴﻘﻮﻁ ﺍﳊﻘﻴﻘﻲ ﻭﺍﺣﺘﻤﺎﻝ ﺍﻻﻧﻌﻜﺎﺱ ﺍﳌﺘﺸﺎﺋﻢ )ﺍﳌﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ(‬
‫ﻟﻼﲡﺎﻩ ﻭﺳﻮﺍ ًﺀ ﻛﺎﻧﺖ ﺍﻟﻌﻤﻠﻴﺔ ﺗﻔﺎﺅﻝ ) ﺗﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ( ﺃﻭ ﺗﺸﺎﺅﻡ )ﺗﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ( ﻓﺎﻥ ﺍﻟﺘﺄﻛﻴﺪ ﻣﻄﻠﻮﺏ ﰲ ﻛﻼ ﺍﳊﺎﻟﺘﲔ‪..‬‬

‫◊ اﻟﺜﻴﺮان ﺿﺪّ اﻟﺪﺑﺒﺔ‪:‬‬

‫ﺍﻟﺸﻤﻌﺔ ﺗﺼﻮﺭ ﺍﳌﻌﺮﻛﺔ ﺑﲔ ﺍﻟﺜﲑﺍﻥ )ﺍﳌﺸﺘﺮﻳﻦ( ﻭﺍﻟﺪﺑﺒﺔ )ﺍﻟﺒﺎﺋﻌﲔ( ﺃﺛﻨﺎﺀ ﻓﺘﺮﺓ ﺯﻣﻨﻴﺔ ﻣﻌﻴﻨﺔ )ﻣﻌﻄﻴﺔ( ﻭﳝﻜﻦ ﺗﺼﻮﻳﺮ ﻫﺬﻩ ﺍﳌﻌﺮﻛﺔ ﲟﺒﺎﺭﺍﺓ ﺑﲔ ﻓﺮﻳﻘﻲ‬
‫ﻛﺮﺓ ﻗﺪﻡ ﻭﳝﻜﻨﻨﺎ ﺍﻟﻘﻮﻝ ﺃﻳﻀﺎ ﻣﺒﺎﺭﺍﺓ ﺑﲔ ﺍﻟﺜﲑﺍﻥ ﻭﺍﻟﺪﺑﺒﺔ‪ ،‬ﺍﻟﻘﺎﻉ )ﻣﺴﺘﻮﻯ ﻣﻨﺨﻔﺾ ﺩﺍﺧﻞ ﺍﳉﻠﺴﺔ( ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﺸﻤﻌﺔ ﳝﺜﻞ ﻫﺒﻮﻁ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﺪﺑﺒﺔ ﻭﺍﻟﻘﻤﺔ‬
‫)ﻣﺴﺘﻮﻯ ﻋﺎﱄ ﺩﺍﺧﻞ ﺍﳉﻠﺴﺔ( ﲤﺜﻞ ﻫﺒﻮﻁ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﺜﲑﺍﻥ‪ ،‬ﺍﻻﻧﺘﻬﺎﺀ ﺍﻷﻗﺮﺏ ﻟﻠﻤﺴﺘﻮﻯ ﺍﻟﻌﺎﱄ ﳝﺜﻞ ﻫﺒﻮﻁ ﻟﻠﺜﲑﺍﻥ ﺑﻴﻨﻤﺎ ﺍﻻﻧﺘﻬﺎﺀ ﺍﻷﻗﺮﺏ ﻟﻠﻤﺴﺘﻮﻯ‬
‫ﺍﳌﻨﺨﻔﺾ ﳝﺜﻞ ﻫﺒﻮﻁ ﻟﻠﺪﺑﺒﺔ‪ ،‬ﻭﻫﻨﺎﻙ ﺍﻟﻌﺪﻳﺪ ﻣﻦ ﺍﻟﺘﻨﻮﻋﺎﺕ )ﺍﻻﺧﺘﻼﻓﺎﺕ( ﺿﻴﻘﺖ ﺍﳌﻠﻌﺐ ﺇﱃ ‪ 6‬ﺃﻧﻮﺍﻉ ﻣﻦ ﺍﻷﻟﻌﺎﺏ )ﺍﻟﺸﻤﻮﻉ(‪:‬‬

‫‪ -1‬ﺍﻟﺸﻤﻌﺔ ﺍﻟﺒﻴﻀﺎﺀ ﺍﻟﻄﻮﻳﻠﺔ ﺗﺸﲑ ﺇﱃ ﺃﻥ ﺍﻟﺜﲑﺍﻥ ﺳﻴﻄﺮﻭﺍ ﻋﻠﻰ ﺍﻟﻜﺮﺓ )ﺍﻟﺘﺪﺍﻭﻝ( ﻷﻏﻠﺐ ﻭﻗﺖ ﺍﻟﻠﻌﺒﺔ‪.‬‬
‫‪ -2‬ﺍﻟﺸﻤﻌﺔ ﺍﻟﺴﻮﺩﺍﺀ ﺍﻟﻄﻮﻳﻠﺔ ﺗﺸﲑ ﺇﱃ ﺃﻥ ﺍﻟﺪﺑﺒﺔ ﺳﻴﻄﺮﻭﺍ ﻋﻠﻰ ﺍﻟﻜﺮﺓ )ﺍﻟﺘﺪﺍﻭﻝ( ﻷﻏﻠﺐ ﻭﻗﺖ ﺍﻟﻠﻌﺒﺔ‪.‬‬
‫‪ -3‬ﺍﻟﺸﻤﻌﺔ ﺍﻟﺼﻐﲑﺓ ﺗﺸﲑ ﺇﱃ ﺍﻧﻪ ﱂ ﻳﺴﺘﻄﻊ ﺍﺣﺪ ﺍﻟﻔﺮﻳﻘﲔ ﲢﺮﻳﻚ ﺍﻟﻜﺮﺓ ﻭﺍﻷﺳﻌﺎﺭ ﺍﻧﺘﻬﺖ ﺣﻮﻝ ﻣﻜﺎﻥ ﺍﻟﺒﺪﺍﻳﺔ‪.‬‬
‫‪ -4‬ﺍﻟﻈﻞ ﺍﻟﺴﻔﻠﻲ ﺍﻟﻄﻮﻳﻞ ﻳﺸﲑ ﺇﱃ ﺃﻥ ﺍﻟﺪﺑﺒﺔ ﲢﻜﻤﻮﺍ ﰲ ﺍﻟﻜﺮﺓ ﳉﺰﺀ ﻣﻦ ﺍﻟﻠﻌﺒﺔ ﻟﻜﻨﻬﻢ ﻓﻘﺪﻭﺍ ﺍﻟﺴﻴﻄﺮﺓ ﰲ ﺍﻟﻨﻬﺎﻳﺔ ﻭﺍﻟﺜﲑﺍﻥ ﻗﺎﻣﻮﺍ ﺑﻌﻮﺩﺓ ﺭﺍﺋﻌﺔ‪.‬‬
‫‪ -5‬ﺍﻟﻈﻞ ﺍﻟﻌﻠﻮﻱ ﺍﻟﻄﻮﻳﻞ ﻳﺸﲑ ﺇﱃ ﺃﻥ ﺍﻟﺜﲑﺍﻥ ﲢﻜﻤﻮﺍ ﰲ ﺍﻟﻜﺮﺓ ﳉﺰﺀ ﻣﻦ ﺍﻟﻠﻌﺒﺔ ﻟﻜﻨﻬﻢ ﻓﻘﺪﻭﺍ ﺍﻟﺴﻴﻄﺮﺓ ﰲ ﺍﻟﻨﻬﺎﻳﺔ ﻭﺍﻟﺪﺑﺒﺔ ﻗﺎﻣﻮﺍ ﺑﻌﻮﺩﺓ ﺭﺍﺋﻌﺔ‪.‬‬
‫‪ -6‬ﺍﻟﻈﻞ ﺍﻟﻄﻮﻳﻞ ﺍﻟﻌﻠﻮﻱ ﻭﺍﻟﻈﻞ ﺍﻟﻄﻮﻳﻞ ﺍﻟﺴﻔﻠﻲ ﻳﺸﲑﺍﻥ ﺇﱃ ﺍﻟﺪﺑﺒﺔ ﻭﺍﻟﺜﲑﺍﻥ ﻛﻼﳘﺎ ﻛﺎﻥ ﻟﻪ ﳊﻈﺎﺗﻪ ﺃﺛﻨﺎﺀ ﺍﻟﻠﻌﺒﺔ ﻟﻜﻨﻪ ﱂ ﻳﺴﺘﻄﻊ ﺗﻨﺤﻴﺔ ﺍﻵﺧﺮ ﺟﺎﻧﺒﹰﺎ ﳑﺎ‬
‫ﺃﺩﻯ ﺇﱃ ﺍﺳﺘﻤﺮﺍﺭ ﺍﳌﻮﺍﺟﻬﺔ‪.‬‬

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 ‫◊ ﻣﺎ اﻟﺬي ﻻ ﺗﺨﺒﺮك ﺑﻪ اﻟﺸﻤﻮع اﻟﻴﺎﺑﺎﻧﻴﺔ‪:‬‬
‫ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ ﻻ ﺗﻌﻜﺲ ﺳﻠﺴﻠﺔ ﺍﻷﺣﺪﺍﺙ ﺑﲔ ﺍﻻﻓﺘﺘﺎﺡ ﻭﺍﻹﻏﻼﻕ‪ ،‬ﻓﻘﻂ ﺗﻘﻮﻡ ﺑﺘﺤﺪﻳﺪ ﺍﻟﻌﻼﻗﺔ ﺑﲔ ﺍﻻﻓﺘﺘﺎﺡ ﻭﺍﻹﻏﻼﻕ ﻭﺃﻋﻠﻰ ﺳﻌﺮ ﻭﺍﻗﻞ‬
‫ﺳﻌﺮ ﻭﻫﺬﻩ ﺗﻜﻮﻥ ﻭﺍﺿﺤﺔ ﻭﻏﲑ ﻗﺎﺑﻠﺔ ﻟﻠﺠﺪﺍﻝ ﻟﻜﻦ ﺍﻟﺸﻤﻌﺔ )ﻭﻛﺬﻟﻚ ﺍﻟﺮﺳﻮﻡ ﺍﻟﺒﻴﺎﻧﻴﺔ ﻭﺍﳋﺮﺍﺋﻂ( ﻻ ﺗﺴﺘﻄﻴﻊ ﺇﺧﺒﺎﺭﻧﺎ ﺃﻳﻬﻤﺎ ﺟﺎﺀ ﺃﻭﻻ‬
‫ﺍﻗﻞ ﺳﻌﺮ ﺃﻡ ﺃﻋﻠﻰ ﺳﻌﺮ‪..‬‬

‫◊ اﺗﺠﺎﻩ اﻟﺘﺪاول اﻟﺴﺎﺑﻖ‪:‬‬

‫ﻟﻜﻲ ﳛﺪﺩ ﺍﻟﻨﻤﻮﺫﺝ ﻋﻠﻰ ﺍﻧﻪ ﳕﻮﺫﺝ ﺍﻧﻌﻜﺎﺳﻲ ﳚﺐ ﺃﻥ ﻳﻜﻮﻥ ﻫﻨﺎﻙ ﺍﲡﺎﻩ ﺗﺪﺍﻭﻝ ﺳﺎﺑﻖ ﻟﺘﺘﻢ ﻋﻤﻠﻴﺔ ﺍﻟﻌﻜﺲ‪ ،‬ﺍﻻﻧﻌﻜﺎﺳﺎﺕ‬
‫ﺍﳌﺘﻔﺎﺋﻠﺔ )ﺍﳌﺘﻮﻗﻌﺔ ﻟﻠﺼﻌﻮﺩ( ﺗﺘﻄﻠﺐ ﺍﲡﺎﻩ ﻧﺎﺯﻝ ﺳﺎﺑﻖ ﻭﺍﻻﻧﻌﻜﺎﺳﺎﺕ ﺍﳌﺘﺸﺎﺋﻤﺔ )ﺍﳌﺘﻮﻗﻌﺔ ﻟﻠﻬﺒﻮﻁ( ﺗﺘﻄﻠﺐ ﺍﲡﺎﻩ ﺻﺎﻋﺪ ﺳﺎﺑﻖ‪ ،‬ﻭﺍﳊﺮﻛﺔ ﺑﺎﻟﻨﺴﺒﺔ ﻻﲡﺎﻩ‬
‫ﺍﻟﺘﺪﺍﻭﻝ ﳝﻜﻦ ﺃﻥ ﺗﺘﻘﺮﺭ ﺑﺎﺳﺘﻌﻤﺎﻝ ﲢﻠﻴﻞ ‪) Trendlines‬ﺧﻄﻮﻁ ﺍﻻﲡﺎﻩ( ﺃﻭ ﺑﺎﺳﺘﺨﺪﺍﻡ ‪) Moving Averages‬ﺍﳌﺘﻮﺳﻄﺎﺕ ﺍﳌﺘﺤﺮﻛﺔ( ﺃﻭ ﺑﺎﺳﺘﺨﺪﺍﻡ‬
‫ﺍﻟﻘﻤﺔ ﻭ ﺍﻟﻘﺎﻉ ﺃﻭ ﺑﺎﺳﺘﻌﻤﺎﻝ ﺍﻟﺴﻤﺎﺕ ﺍﻷﺧﺮﻯ ﻟﻠﺘﺤﻠﻴﻞ ﺍﻟﻔﲏ‪ ،‬ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ ﻗﺪ ﻳﻮﺟﺪ ﻋﻠﻰ ﻃﻮﻝ ﻭﺟﻮﺩ ﺗﺪﺍﻭﻝ ﺍﻟﺴﻬﻢ ﲢﺖ ﺧﻂ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ‬
‫ﺍﻟﺴﻔﻠﻲ ﺍﳋﺎﺹ ﺑﻪ ﺃﻭ ﲢﺖ ﺭﺩﺓ ﻓﻌﻞ ﺍﻟﻘﻤﺔ ﺍﻟﺴﺎﺑﻘﺔ ﺃﻭ ﲢﺖ ﻣﺘﻮﺳﻂ ﻣﺘﺤﺮﻙ ﻣﻌﲔ‪ ،‬ﻭﺍﻟﻌﻜﺲ ﺻﺤﻴﺢ ﺑﺎﻟﻨﺴﺒﺔ ﻻﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ‪..‬‬

‫ﺍﻟﻄﻮﻝ ﻭﺍﳌﺪﺓ ﺳﻴﻌﺘﻤﺪﺍﻥ ﻋﻠﻰ ﺍﻟﺘﻔﻀﻴﻼﺕ ﺍﻟﻔﺮﺩﻳﺔ‪ ،‬ﻭﻋﻠﻰ ﺃﻳﺔ ﺣﺎﻝ ﻻﻥ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ ﰲ ﻃﺒﻴﻌﺘﻬﺎ ﻗﺼﲑﺓ ﺍﻷﻣﺪ ﻓﺎﻧﻪ ﺩﺍﺋﻤﹰﺎ ﻣﻦ ﺍﻷﻓﻀﻞ‬
‫ﺍﻷﺧﺬ ﰲ ﺍﻻﻋﺘﺒﺎﺭ ﺁﺧﺮ ‪ 4 – 1‬ﺃﺳﺎﺑﻴﻊ ﻣﻦ ﺣﺮﻛﺔ ﺍﻟﺴﻌﺮ‪..‬‬
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 ‫◊ ﻣﻮاﺿﻊ اﻟﺸﻤﻮع اﻟﻴﺎﺑﺎﻧﻴﺔ‪:‬‬
‫أ‪ -‬اﻟﻤﻮﻗﻊ اﻟﻼﻣﻊ ) ‪:( Star Position‬‬
‫ﺍﻟﺸﻤﻌﺔ ﺍﻟﱵ ﺗﻔﺘﺢ ﺑﻔﺠﻮﺓ ﻋﻦ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺴﺎﺑﻘﺔ ﳍﺎ ﻳﻘﺎﻝ ﺃ‪‬ﺎ ﻛﺎﻧﺖ ﰲ ﻣﻮﻗﻊ ﻻﻣﻊ ) ‪ ،( Star Position‬ﺍﻟﺸﻤﻌﺔ ﺍﻷﻭﱃ ﰲ ﺍﻟﻌﺎﺩﺓ ﻳﻜﻮﻥ ﳍﺎ‬
‫( ﳍﺎ ﺟﺴﻢ ﺣﻘﻴﻘﻲ ﺻﻐﲑ‪ ،‬ﻭﺍﻋﺘﻤﺎﺩﹰﺍ ﻋﻠﻰ ﺍﻟﺸﻤﻌﺔ‬ ‫‪Star Position‬‬ ‫ﺟﺴﻢ ﺣﻘﻴﻘﻲ ﻛﺒﲑ ﻭﻟﻜﻦ ﻟﻴﺲ ﺩﺍﺋﻤﹰﺎ ﻭﺍﻟﺸﻤﻌﺔ ﺍﻟﺜﺎﻧﻴﺔ ﺍﻟﱵ ﰲ ﺍﳌﻮﻗﻊ ﺍﻟﻼﻣﻊ )‬
‫( ﺗﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﻋﻠﻰ ﺃﻭ ﺇﱃ ﺃﺳﻔﻞ ﻭﺗﺒﺪﻭ ﻣﻌﺰﻭﻟﺔ ﻋﻦ ﺣﺮﻛﺔ ﺍﻟﺴﻌﺮ‬ ‫‪Star Position‬‬ ‫ﺍﻟﺴﺎﺑﻘﺔ ﻓﺎﻥ ﺍﻟﺸﻤﻌﺔ ﺫﺍﺕ ﺍﳌﻮﻗﻊ ﺍﻟﻼﻣﻊ )‬
‫ﺍﻟﺴﺎﺑﻘﺔ ﻭﺍﻟﺸﻤﻌﺔ ﳝﻜﻦ ﺃﻥ ﺗﻜﻮﻥ ﺑﻴﻀﺎﺀ ﺃﻭ ﺳﻮﺩﺍﺀ‪ ،‬ﻭﻫﻨﺎﻙ ﻋﺪﺓ ﴰﻮﻉ ﳍﺎ ﺃﺟﺴﺎﻡ ﺣﻘﻴﻘﻴﺔ ﺻﻐﲑﺓ ﻭﳝﻜﻦ ﺃﻥ ﺗﺘﻜﻮﻥ ﰲ ﺍﳌﻮﻗﻊ‬
‫ﺍﻟﻼﻣﻊ ) ‪ ( Star Position‬ﻣﺜﻞ‪.. Hammers – Shooting Stars – Spinning Tops – Doji :‬‬

‫ب‪ -‬اﻟﻤﻮﻗﻊ اﻟﺤﺎﻣﻞ ) ‪:( Harami Position‬‬

‫ﺍﻟﺸﻤﻌﺔ ﺍﻟﱵ ﺗﺘﻜﻮﻥ ﺿﻤﻦ ﺍﳉﺴﻢ ﺍﳊﻘﻴﻘﻲ ﻟﻠﺸﻤﻌﺔ ﺍﻟﺴﺎﺑﻘﺔ ﺗﻜﻮﻥ ﰲ ﺍﳌﻮﻗﻊ ﺍﳊﺎﻣﻞ ) ‪ ( Harami Position‬ﻭﻛﻠﻤﺔ "‪ "Harami‬ﺗﻌﲏ‬
‫"ﺣﺎﻣﻞ" ﰲ ﺍﻟﻠﻐﺔ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ ﻭﺍﻟﺸﻤﻌﺔ ﺍﻟﺜﺎﻧﻴﺔ ﺗﻜﻮﻥ ﳏﺘﻀﻨﺔ ﺩﺍﺧﻞ ﺍﻟﺸﻤﻌﺔ ﺍﻷﻭﱃ‪ ،‬ﺍﻟﺸﻤﻌﺔ ﺍﻷﻭﱃ ﰲ ﺍﻟﻌﺎﺩﺓ ﻳﻜﻮﻥ ﳍﺎ ﺟﺴﻢ ﺣﻘﻴﻘﻲ ﻛﺒﲑ ﻭﺍﻟﺸﻤﻌﺔ ﺍﻟﺜﺎﻧﻴﺔ ﳍﺎ‬
‫ﺟﺴﻢ ﺣﻘﻴﻘﻲ ﺃﺻﻐﺮ ﻣﻦ ﺍﻟﺸﻤﻌﺔ ﺍﻷﻭﱃ ﻭﺍﻟﻈﻼﻝ )ﺍﻟﻌﻠﻮﻳﺔ ﻭ ﺍﻟﺴﻔﻠﻴﺔ( ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﺸﻤﻌﺔ ﺍﻟﺜﺎﻧﻴﺔ ﻟﻴﺲ ﻣﻦ ﺍﻟﻀﺮﻭﺭﻱ ﺃﻥ ﺗﻜﻮﻥ ﺿﻤﻦ‬
‫ﺍﻟﺸﻤﻌﺔ ﺍﻷﻭﱃ ﻣﻊ ﺍﻧﻪ ﻳﻔﻀﻞ ﺃﻥ ﺗﻜﻮﻥ ﳏﺘﻮﻳﻪ ﺿﻤﻦ ﺍﻟﺸﻤﻌﺔ ﺍﻷﻭﱃ‪ ،‬ﻭﻫﻨﺎﻙ ﻋﺪﺓ ﴰﻮﻉ ﳍﺎ ﺃﺟﺴﺎﻡ ﺣﻘﻴﻘﻴﺔ ﺻﻐﲑﺓ ﻭﳝﻜﻦ ﺃﻥ ﺗﺘﻜﻮﻥ ﰲ‬
‫ﺍﳌﻮﻗﻊ ﺍﳊﺎﻣﻞ ) ‪ ( Harami Position‬ﻣﺜﻞ‪..Doji – Spinning Tops :‬‬

‫◊ اﻟﻈﻼل اﻟﻄﻮﻳﻠﺔ اﻟﻌﻜﺴﻴﺔ‪:‬‬

‫ﻫﻨﺎﻙ ﺯﻭﺟﺎﻥ ﻣﻦ ﺍﻟﻨﻤﺎﺫﺝ ﺍﻟﻔﺮﺩﻳﺔ ﺍﻟﻌﻜﺴﻴﺔ ﻭﻳﺘﻜﻮﻧﺎﻥ ﻣﻦ ﺟﺴﻢ ﺣﻘﻴﻘﻲ ﺻﻐﲑ ﻭﻇﻞ ﻭﺍﺣﺪ ﻃﻮﻳﻞ ﻭﻇﻞ ﻗﺼﲑ ﺃﻭ ﻻ ﻳﻮﺟﺪ ﻇﻞ ﺁﺧﺮ‪ ،‬ﻋﻤﻮﻣﹰﺎ‬
‫ﺍﻟﻈﻞ ﺍﻟﻄﻮﻳﻞ ﳚﺐ ﺃﻥ ﻳﻜﻮﻥ ﻋﻠﻰ ﺍﻷﻗﻞ ﻃﻮﻝ ﺍﳉﺴﻢ ﺍﳊﻘﻴﻘﻲ ﻣﺮﺗﲔ ﻭﺍﳉﺴﻢ ﺍﳊﻘﻴﻘﻲ ﳝﻜﻦ ﺃﻥ ﻳﻜﻮﻥ ﺍﺳﻮﺩ ﺃﻭ ﺍﺑﻴﺾ‪ ،‬ﻭﻣﻮﺿﻊ ﻭﻣﻜﺎﻥ ﺍﻟﻈﻞ ﺍﻟﻄﻮﻳﻞ‬
‫ﻭﺣﺮﻛﺔ ﺍﻟﺴﻌﺮ ﺍﻟﺴﺎﺑﻘﺔ ﲢﺪﺩ ﺗﺼﻨﻴﻒ )ﻧﻮﻉ( ﺍﻟﺸﻤﻌﺔ‪..‬‬

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 ‫ﻳﻜﻮﻥ ﳑﺜﻞ ﺑﺄﺟﺴﺎﻡ ﺻﻐﲑﺓ ﻭﻇﻼﻝ ﺳﻔﻠﻴﺔ ﻃﻮﻳﻠﺔ‪ ،‬ﺍﻟﺰﻭﺝ ﺍﻟﺜﺎﱐ‬ ‫‪Hanging Man‬‬ ‫ﻭ‬ ‫‪Hammer‬‬ ‫ﺍﻟﺰﻭﺝ ﺍﻷﻭﻝ‬
‫ﻭﻳﻜﻮﻥ ﳑﺜﻞ ﺃﻳﻀﹰﺎ ﺑﺎﻷﺟﺴﺎﻡ ﺍﻟﺼﻐﲑﺓ ﻭﻟﻜﻦ ﻟﻪ ﻇﻼﻝ ﻋﻠﻮﻳﺔ ﻃﻮﻳﻠﺔ‪ ،‬ﺣﺮﻛﺔ‬ ‫‪Shooting Star‬‬ ‫ﻭ‬ ‫‪Inverted Hammer‬‬

‫ﺍﻟﺴﻌﺮ ﺍﻟﺴﺎﺑﻘﺔ ﻭﺍﻟﺘﻌﺰﻳﺰ ) ﺍﻟﺘﺄﻛﻴﺪ ( ﻫﻲ ﺍﻟﱵ ﲢﺪﺩ ﻓﻘﻂ ﻃﺒﻴﻌﺔ ﻫﺬﻩ ﺍﻟﺸﻤﻮﻉ ﺳﻮﺍ ًﺀ ﻛﺎﻧﺖ ﻣﺘﻔﺎﺋﻠﺔ ) ﻣﺘﻮﻗﻌﺔ ﻟﻠﺼﻌﻮﺩ (‬
‫ﺗﺘﻜﻮﻥ ﺑﻌﺪ ﺍﻻﳔﻔﺎﺽ ﻭﺗﻜﻮﻥ ﻋﺒﺎﺭﺓ ﳕﺎﺫﺝ ﺍﻧﻌﻜﺎﺳﻴﺔ‬ ‫‪Inverted Hammer‬‬ ‫ﻭ ﺍﻟـ‬ ‫‪Hammer‬‬ ‫ﺃﻭ ﻣﺘﺸﺎﺋﻤﺔ ) ﻣﺘﻮﻗﻌﺔ ﻟﻠﻬﺒﻮﻁ (‪ ،‬ﺍﻟـ‬
‫ﺗﺘﻜﻮﻥ ﺑﻌﺪ ﺍﻻﺭﺗﻔﺎﻉ ﻭﺗﻜﻮﻥ ﻋﺒﺎﺭﺓ ﻋﻦ ﳕﺎﺫﺝ ﺍﻧﻌﻜﺎﺳﻴﺔ‬ ‫ﺍﻟـ‪Shooting Star‬‬ ‫ﻭ‬ ‫‪Hanging Man‬‬ ‫ﻣﺘﻔﺎﺋﻠﺔ ) ﻣﺘﻮﻗﻌﺔ ﻟﻠﺼﻌﻮﺩ ( ﺑﻴﻨﻤﺎ ﺍﻟـ‬
‫ﻣﺘﺸﺎﺋﻤﺔ )ﻣﺘﻮﻗﻌﺔ ﻟﻠﻬﺒﻮﻁ (‪..‬‬

‫◊ اﻟﺰوج اﻷول ‪ Hammer‬و ‪:Hanging Man‬‬

‫ﺍﻟـ ‪ Hammer‬ﻭ ‪ Hanging Man‬ﺗﺒﺪﻭ ﻣﺘﺸﺎ‪‬ﺔ ﺑﺎﻟﻀﺒﻂ ﻟﻜﻦ ﳍﺎ ﻧﺘﺎﺋﺠﻬﺎ ﳐﺘﻠﻔﺔ ﻭﺫﻟﻚ ﺑﺎﻻﺳﺘﻨﺎﺩ ﻋﻠﻰ ﺣﺮﻛﺔ ﺍﻟﺴﻌﺮ ﺍﻟﺴﺎﺑﻘﺔ‪ ،‬ﻛﻼﳘﺎ‬
‫ﻟﻪ ﺟﺴﻢ ﺣﻘﻴﻘﻲ ﺻﻐﲑ ﺑﺎﻹﺿﺎﻓﺔ ﺇﱃ ﻇﻼﻝ ﺳﻔﻠﻴﺔ ﻃﻮﻳﻠﺔ ﻭﻇﻞ ﻗﺼﲑ ﻋﻠﻮﻱ ﺃﻭ ﺗﻜﻮﻥ ﺑﺪﻭﻥ ﻇﻞ ﻋﻠﻮﻱ‪ ،‬ﺍﻟـ ‪ Hammer‬ﻭ ‪ Hanging Man‬ﻣﺜﻠﻬﺎ‬
‫ﻣﺜﻞ ﺍﻟﻜﺜﲑ ﻣﻦ ﳕﺎﺫﺝ ﺍﻟﺸﻤﻮﻉ ﺍﳌﻨﻔﺮﺩﺓ ﻭﺍﳌﻀﺎﻋﻔﺔ ﺗﺘﻄﻠﺐ ﺍﻟﺘﺄﻛﻴﺪ ﻗﺒﻞ ﺍﻟﺘﺼﺮﻑ‪..‬‬

‫) ﺫﺍﺕ ﺍﳉﺴﻢ ﺍﳊﻘﻴﻘﻲ ﺍﻷﺑﻴﺾ ( ﻋﺒﺎﺭﺓ ﻋﻦ ﳕﻮﺫﺝ ﺍﻧﻌﻜﺎﺳﻲ ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ ( ﻳﺘﻜﻮﻥ ﺑﻌﺪ‬ ‫‪Hammer‬‬ ‫ﺍﻟـ‬
‫ﳝﻜﻦ ﺃﻥ ﺗﻌﻄﻲ ﺇﺷﺎﺭﺓ ﻟﻠﻘﺎﻉ ﺃﻭ ﳌﺴﺘﻮﻳﺎﺕ ﺍﻟﺪﻋﻢ ﻭﺑﻌﺪ ﺍﻻﳔﻔﺎﺽ‬ ‫‪Hammer‬‬ ‫ﺍﻻﳔﻔﺎﺽ )ﺍﻻﳓﺪﺍﺭ(‪ ،‬ﺑﺎﻹﺿﺎﻓﺔ ﺇﱃ ﻋﻜﺲ ﺍﻻﲡﺎﻩ ﺍﶈﺘﻤﻞ ﻓﺎﻥ ﺍﻟـ‬
‫ﺍﻟـ ‪ Hammer‬ﺗﺸﲑ ﺇﱃ ﻋﻤﻠﻴﺔ ﺇﺣﻴﺎﺀ ﻣﺘﻔﺎﺋﻠﺔ ) ﻣﺘﻮﻗﻌﺔ ﻟﻠﺼﻌﻮﺩ (‪ ،‬ﺍﻗﻞ ﺳﻌﺮ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﻈﻞ ﺍﻟﺴﻔﻠﻲ ﺍﻟﻄﻮﻳﻞ ﻳﺪﻝ ﻋﻠﻰ ﺃﻥ ﺍﻟﺒﺎﺋﻌﲔ ﻗﺎﺩﻭﺍ ﺍﻷﺳﻌﺎﺭ ﺇﱃ‬
‫ﺍﻻﳔﻔﺎﺽ ﺃﺛﻨﺎﺀ ﺟﻠﺴﺔ ﺍﻟﺘﺪﺍﻭﻝ ﻭﻋﻠﻰ ﺃﻳﺔ ﺣﺎﻝ ﺗﺸﲑ ﺍﻟﻨﻬﺎﻳﺔ ﺍﻟﻘﻮﻳﺔ ﻋﻠﻰ ﺃﻥ ﺍﳌﺸﺘﺮﻳﻦ ﺍﺳﺘﻌﺎﺩﻭﺍ ﺣﺎﻟﺘﻬﻢ ﻹ‪‬ﺎﺀ ﺍﳉﻠﺴﺔ ﻋﻠﻰ ﻣﻼﺣﻈﺔ ﻗﻮﻳﺔ‪ ،‬ﻭﺑﻴﻨﻤﺎ ﻫﺬﺍ‬
‫ﻳﺒﺪﻭ ﻛﺎﻓﻴﹰﺎ ﻟﻠﺘﺼﺮﻑ ﺇﱃ ﺃﻥ ﺍﻟـ ‪ Hammer‬ﺗﺘﻄﻠﺐ ﺗﺄﻛﻴﺪ ﺁﺧﺮ ﻟﻠﺼﻌﻮﺩ‪..‬‬

‫ﺍﻗﻞ ﺳﻌﺮ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠـ ‪ Hammer‬ﻳﺒﲔ ﺃﻥ ﺍﻟﻜﺜﲑ ﻣﻦ ﺍﻟﺒﺎﺋﻌﲔ ﺑﺎﻗﻮﻥ )ﻣﺘﻮﺍﺟﺪﻳﻦ(‪ ،‬ﺗﻌﺰﻳﺰ )ﺗﺄﻛﻴﺪ( ﺿﻐﻂ ﺍﻟﺒﻴﻊ ﻭﺍﻟﺰﻳﺎﺩﺓ ﺍﳌﻔﻀﻠﺔ ﰲ ﺣﺠﻢ‬
‫ﺃﻭ ﺑﻮﺍﺳﻄﺔ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺒﻴﻀﺎﺀ‬ ‫‪Gap Up‬‬ ‫ﺍﻟﺘﺪﺍﻭﻝ ﻣﻄﻠﻮﺑﺔ ﻗﺒﻞ ﺍﻟﺘﺼﺮﻑ ﻭﻣﺜﻞ ﻫﺬﺍ ﺍﻟﺘﺄﻛﻴﺪ ﳝﻜﻦ ﺃﻥ ﻳﺄﰐ ﺑﻮﺍﺳﻄﺔ ﺍﻟﻔﺠﻮﺓ ﺇﱃ ﺃﻋﻠﻰ‬
‫ﺍﻟﻄﻮﻳﻠﺔ‪ ،‬ﺍﻟـ ‪ Hammer‬ﺗﺒﲔ )ﺗﺸﺎﺑﻪ( ﺫﺭﻭﺓ ﺍﻟﺒﻴﻊ ﻭﺣﺠﻢ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺜﻘﻴﻞ ﳜﺪﻡ ﰲ ﺗﻌﺰﻳﺰ ﺻﻼﺣﻴﺔ ﺍﻻﻧﻌﻜﺎﺱ‪..‬‬

‫ﺍﻟـ ‪ ) Hanging Man‬ﺫﺍﺕ ﺍﳉﺴﻢ ﺍﳊﻘﻴﻘﻲ ﺍﻷﺳﻮﺩ ( ﻋﺒﺎﺭﺓ ﻋﻦ ﳕﻮﺫﺝ ﺍﻧﻌﻜﺎﺳﻲ ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ ( ﻭﳝﻜﻦ ﺃﻳﻀﺎ ﺃﻥ ﻳﺸﲑ ﺇﱃ‬
‫ﻳﺘﻜﻮﻥ ﺑﻌﺪ ﺍﻻﺭﺗﻔﺎﻉ ﻭﻳﺸﲑ ﺇﱃ ﺿﻐﻂ ﺑﻴﻊ ﺑﺎﺩﺉ ﰲ ﺍﻻﺯﺩﻳﺎﺩ ﻭﺃﺩﱏ ﺳﻌﺮ ﰲ ﺍﻟﻈﻞ ﺍﻟﺴﻔﻠﻲ‬ ‫‪Hanging Man‬‬ ‫ﺍﻟﻘﻤﺔ ﺃﻭ ﻣﺴﺘﻮﻳﺎﺕ ﺍﳌﻘﺎﻭﻣﺔ‪ ،‬ﻭﺍﻟـ‬
‫ﺍﻟﻄﻮﻳﻞ ﻳﺸﲑ ﺇﱃ ﺃﻥ ﺍﻟﺒﺎﺋﻌﲔ ﺩﻓﻌﻮﺍ ﺍﻷﺳﻌﺎﺭ ﺇﱃ ﺃﺳﻔﻞ ﺃﺛﻨﺎﺀ ﺍﳉﻠﺴﺔ ﻭﺑﺎﻟﺮﻏﻢ ﻣﻦ ﺃﻥ ﺍﻟﺜﲑﺍﻥ ﺍﺳﺘﻌﺎﺩﻭﺍ ﺣﺎﻟﺘﻬﻢ )ﻣﻮﺿﻊ ﺃﻗﺪﺍﻣﻬﻢ( ﻭﻗﺎﺩﻭﺍ ﺍﻟﺴﻌﺮ ﺇﱃ ﺃﻋﻠﻰ‬
‫ﻓﺎﻥ‬ ‫‪Hammer‬‬ ‫ﺑﺎﻟﻨﻬﺎﻳﺔ ﺇﱃ ﺃﻥ ﺍﻟﻈﻬﻮﺭ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻀﻐﻂ ﺍﻟﺒﻴﻊ ﺭﻓﻊ ﺍﻟﻌﻠﻢ ﺍﻷﺻﻔﺮ‪ ،‬ﻭﻛﻤﺎ ﻫﻮ ﺍﳊﺎﻝ ﻣﻊ ﺍﻟـ‬
‫‪Gap Down‬‬ ‫ﺗﺘﻄﻠﺐ ﺗﺄﻛﻴﺪ ﻋﻤﻠﻴﺔ ﺍﳍﺒﻮﻁ ﻗﺒﻞ ﺍﻟﺘﺼﺮﻑ ﻭﻣﺜﻞ ﻫﺬﺍ ﺍﻟﺘﺄﻛﻴﺪ ﳝﻜﻦ ﺃﻥ ﻳﺄﰐ ﺑﻮﺍﺳﻄﺔ ﺍﻟﻔﺠﻮﺓ ﺇﱃ ﺃﺳﻔﻞ‬ ‫‪Hanging Man‬‬ ‫ﺍﻟـ‬
‫ﺃﻭ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺴﻮﺩﺍﺀ ﺍﻟﻄﻮﻳﻠﺔ ﻋﻠﻰ ﺣﺠﻢ ﺗﺪﺍﻭﻝ ﺛﻘﻴﻞ‪..‬‬
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 ‫◊ اﻟﺰوج اﻟﺜﺎﻧﻲ ‪ Inverted Hammer‬و ‪:Shooting Star‬‬
‫ﺗﺒﺪﻭ ﻣﺘﺸﺎ‪‬ﺔ ﺑﺎﻟﻀﺒﻂ ﻟﻜﻦ ﳍﺎ ﻧﺘﺎﺋﺞ ﳐﺘﻠﻔﺔ ﺑﺎﻻﺳﺘﻨﺎﺩ ﻋﻠﻰ ﺣﺮﻛﺔ ﺍﻟﺴﻌﺮ‬ ‫‪Shooting Star‬‬ ‫ﻭ‬ ‫‪Inverted Hammer‬‬ ‫ﺍﻟـ‬
‫ﺍﻟﺴﺎﺑﻘﺔ‪ ،‬ﻛﻼﳘﺎ ﻟﻪ ﺟﺴﻢ ﺻﻐﲑ ﺑﺎﻹﺿﺎﻓﺔ ﺇﱃ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ ﻭﻇﻞ ﺳﻔﻠﻲ ﻗﺼﲑ ﺃﻭ ﺑﺪﻭﻥ ﻇﻞ ﺳﻔﻠﻲ‪ ،‬ﻫﺬﻩ ﺍﻟﺸﻤﻌﺘﲔ ﺗﺸﲑ ﺇﱃ ﺍﺣﺘﻤﺎﻝ ﺍﻧﻌﻜﺎﺱ ﰲ‬
‫ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﻟﻜﻨﻬﺎ ﺗﺘﻄﻠﺐ ﺍﻟﺘﺄﻛﻴﺪ ﻗﺒﻞ ﺍﻟﺘﺼﺮﻑ‪..‬‬

‫ﺍﻟـ ‪ ) Shooting Star‬ﺫﺍﺕ ﺍﳉﺴﻢ ﺍﳊﻘﻴﻘﻲ ﺍﻷﺳﻮﺩ ( ﻋﺒﺎﺭﺓ ﻋﻦ ﳕﻮﺫﺝ ﺍﻧﻌﻜﺎﺳﻲ ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ ( ﻳﺘﻜﻮﻥ ﺑﻌﺪ ﺍﻻﺭﺗﻔﺎﻉ ﻭﰲ‬
‫ﳝﻜﻦ ﺃﻥ ﺗﻜﻮﻥ ﺍﻧﻌﻜﺎﺱ ﳏﺘﻤﻞ ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺃﻭ ﻣﺴﺘﻮﻯ‬ ‫‪Shooting Star‬‬ ‫( ﻟﺬﻟﻚ ﲰﻲ ‪‬ﺬﺍ ﺍﻻﺳﻢ‪ ،‬ﺍﻟـ‬ ‫‪Star Position‬‬ ‫ﺍﳌﻮﻗﻊ ﺍﻟﻼﻣﻊ )‬
‫ﻣﻘﺎﻭﻣﺔ ﻭﺍﻟﺸﻤﻌﺔ ﺗﺘﻜﻮﻥ ﻋﻨﺪﻣﺎ ﺗﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﻋﻠﻰ ﻋﻨﺪ ﺍﻻﻓﺘﺘﺎﺡ ﻭﺗﻜﻮﻥ ﰲ ﺍﺭﺗﻔﺎﻉ ﺃﺛﻨﺎﺀ ﺟﻠﺴﺔ ﺍﻟﺘﺪﺍﻭﻝ ﻭﺍﻹﻏﻼﻕ ﻳﻜﻮﻥ ﺑﻌﻴﺪﹰﺍ ﺟﺪﹰﺍ ﻋﻦ ﻣﺴﺘﻮﻳﺎ‪‬ﺎ‬
‫ﺍﻟﻌﺎﻟﻴﺔ ﻭﺍﻟﺸﻤﻌﺔ ﺍﻟﻨﺎﲡﺔ ﻳﻜﻮﻥ ﳍﺎ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ ﻭﺟﺴﻢ ﺻﻐﲑ ﺍﺳﻮﺩ‪..‬‬

‫ﺑﻌﺪ ﺍﻻﺭﺗﻔﺎﻉ ﺍﻟﻜﺒﲑ )ﺍﻟﻈﻞ ﺍﻟﻌﻠﻮﻱ( ﻓﺎﻥ ﺍﻟﻘﺪﺭﺓ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﺪﺑﺒﺔ ) ﺍﻟﺒﺎﺋﻌﲔ ( ﻟﺪﻓﻊ ﺍﻷﺳﻌﺎﺭ ﺇﱃ ﺃﺳﻔﻞ ﺗﺮﻓﻊ ﺍﻟﻌﻠﻢ‬
‫ﺍﻷﺻﻔﺮ ) ﺗﺘﻮﻗﻒ (‪ ،‬ﻟﻺﺷﺎﺭﺓ ﺇﱃ ﻋﻤﻠﻴﺔ ﻋﻜﺲ ﻛﺒﲑﺓ ﳚﺐ ﺃﻥ ﻳﻜﻮﻥ ﺍﻟﻈﻞ ﺍﻟﻌﻠﻮﻱ ﻃﻮﻳﻞ ﻧﺴﺒﻴﹰﺎ ﻭﻋﻠﻰ ﺍﻷﻗﻞ ﻳﻜﻮﻥ ﻃﻮﻝ ﺍﳉﺴﻢ ﻣﺮﺗﲔ ﻭﺗﺄﻛﻴﺪ ﻋﻤﻠﻴﺔ‬
‫ﺃﻭ ﺑﻮﺍﺳﻄﺔ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺴﻮﺩﺍﺀ‬ ‫‪Gap Down‬‬ ‫ﻭﳝﻜﻦ ﺃﻥ ﻳﻜﻮﻥ ﻫﺬﺍ ﺍﻟﺘﺄﻛﻴﺪ ﺑﻮﺍﺳﻄﺔ ﺍﻟﻔﺠﻮﺓ ﺇﱃ ﺃﺳﻔﻞ‬ ‫‪Shootin Star‬‬ ‫ﺍﳍﺒﻮﻁ ﻣﻄﻠﻮﺏ ﺑﻌﺪ ﺍﻟـ‬
‫ﺍﻟﻄﻮﻳﻠﺔ ﻋﻠﻰ ﺣﺠﻢ ﺗﺪﺍﻭﻝ ﺛﻘﻴﻞ‪..‬‬

‫) ﺫﺍﺕ ﺍﳉﺴﻢ ﺍﳊﻘﻴﻘﻲ ﺍﻷﺑﻴﺾ ( ﲤﺜﻞ ﻋﻜﺲ ﺍﲡﺎﻩ ﺗﺪﺍﻭﻝ ﻣﺘﻔﺎﺋﻠﺔ ) ﻣﺘﻮﻗﻌﺔ ﻟﻠﺼﻌﻮﺩ ( ﺃﻭ ﲤﺜﻞ ﻣﺴﺘﻮﻳﺎﺕ‬ ‫‪Inverted Hammer‬‬ ‫ﺍﻟـ‬
‫ﺩﻋﻢ‪ ،‬ﺑﻌﺪ ﺍﻻﳔﻔﺎﺽ )ﺍﻻﳓﺪﺍﺭ( ﻓﺎﻥ ﺍﻟﻈﻞ ﺍﻟﻌﻠﻮﻱ ﺍﻟﻄﻮﻳﻞ ﻳﺸﲑ ﺇﱃ ﺿﻐﻂ ﺷﺮﺍﺀ ﺃﺛﻨﺎﺀ ﺟﻠﺴﺔ ﺍﻟﺘﺪﺍﻭﻝ ﻭﻋﻠﻰ ﺃﻳﺔ ﺣﺎﻝ ﻓﺎﻥ ﺍﻟﺜﲑﺍﻥ ) ﺍﳌﺸﺘﺮﻳﻦ ( ﱂ ﻳﻜﻮﻧﻮﺍ‬
‫ﻗﺎﺩﺭﻳﻦ ﻋﻠﻰ ﲢﻤﻞ ﺿﻐﻂ ﺍﻟﺸﺮﺍﺀ ﻫﺬﺍ ﻭﺍﻷﺳﻌﺎﺭ ﺃﻏﻠﻘﺖ ﺑﻌﻴﺪﹰﺍ ﺟﺪﹰﺍ ﻋﻦ ﻣﺴﺘﻮﻳﺎ‪‬ﺎ ﺍﻟﻌﺎﻟﻴﺔ ﻭﺫﻟﻚ ﻫﻮ ﻣﺎ ﻛﻮﻥ ﺍﻟﻈﻞ ﺍﻟﻄﻮﻳﻞ ﺍﻟﻌﻠﻮﻱ ﻭﺑﺴﺒﺐ ﻫﺬﺍ ﺍﻟﻔﺸﻞ‬
‫)ﺍﻟﻌﺠﺰ( ﻓﺎﻥ ﺗﺄﻛﻴﺪ ﻋﻤﻠﻴﺔ ﺍﻟﺼﻌﻮﺩ ﻣﻄﻠﻮﺏ ﻗﺒﻞ ﺍﻟﺘﺼﺮﻑ‪ ،‬ﻭﺍﻟـ ‪ Inverted Hammer‬ﺗﻜﻮﻥ ﻣﺘﺒﻮﻋﺔ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﻋﻠﻰ ‪ Gap Up‬ﺃﻭ ﴰﻌﺔ ﺑﻴﻀﺎﺀ‬
‫ﻃﻮﻳﻠﺔ ﻣﻊ ﺣﺠﻢ ﺗﺪﺍﻭﻝ ﺛﻘﻴﻞ ﻛﺘﺄﻛﻴﺪ ﻟﻌﻤﻠﻴﺔ ﺍﻟﺼﻌﻮﺩ‪..‬‬

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 ‫◊ دﻣﺞ اﻟﺸﻤﻮع اﻟﻴﺎﺑﺎﻧﻴﺔ‪:‬‬
‫ﳕﺎﺫﺝ ﺍﻟﺸﻤﻮﻉ ﺗﺘﻜﻮﻥ ﻣﻦ ﴰﻌﺔ ﻭﺍﺣﺪﺓ ﺃﻭ ﺃﻛﺜﺮ ﻭﻫﺬﻩ ﺍﻟﺸﻤﻮﻉ ﳝﻜﻦ ﺃﻥ ﺗﺪﻣﺞ )ﲤﺰﺝ( ﻣﻊ ﺑﻌﻀﻬﺎ ﺍﻟﺒﻌﺾ ﻟﺘﻜﻮﻳﻦ ﴰﻌﺔ ﻭﺍﺣﺪﺓ ﻭﻫﺬﺍ ﺍﻟﺪﻣﺞ‬
‫ﻳﺴﺘﺤﻮﺫ ﻋﻠﻰ ﺟﻮﻫﺮ ﺍﻟﻨﻤﻮﺫﺝ ﻭﳝﻜﻦ ﺃﻥ ﻳﺘﻜﻮﻥ ﺑﺎﺳﺘﺨﺪﺍﻡ ﺍﻟﺘﺎﱄ‪:‬‬
‫● ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﺸﻤﻌﺔ ﺍﻷﻭﱃ‪.‬‬
‫● ﺳﻌﺮ ﺍﻹﻏﻼﻕ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﺸﻤﻌﺔ ﺍﻷﺧﲑﺓ‪.‬‬
‫● ﺃﻋﻠﻰ ﺳﻌﺮ ﻭﺍﻗﻞ ﺳﻌﺮ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﻨﻤﻮﺫﺝ‪.‬‬

‫ﻭﳝﻜﻦ ﺃﻳﻀﺎ ﻣﺰﺝ ﺃﻛﺜﺮ ﻣﻦ ﴰﻌﺘﲔ ﺑﺎﺳﺘﺨﺪﺍﻡ ﻧﻔﺲ ﺍﻟﺘﻌﻠﻴﻤﺎﺕ ﻭﻣﺜﺎﻝ ﺫﻟﻚ ﺩﻣﺞ ﺛﻼﺙ ﺟﻨﻮﺩ )ﴰﻮﻉ( ﺑﻴﺾ ﻳﻜﻮﻥ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﻃﻮﻳﻠﺔ ﻭﺩﻣﺞ‬
‫ﺛﻼﺙ ﻏﺮﺑﺎﻥ )ﴰﻮﻉ( ﺳﻮﺩ ﻳﻜﻮﻥ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﻃﻮﻳﻠﺔ‪ ،‬ﻭﻓﻴﻤﺎ ﻳﻠﻲ ﺑﻌﺾ ﺍﻷﻣﺜﻠﺔ ﻋﻠﻰ ﺩﻣﺞ ﺍﻟﺸﻤﻮﻉ ﻣﻊ ﺑﻌﻀﻬﺎ ﺍﻟﺒﻌﺾ‪..‬‬

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 ‫◊ اﻟﺸﻤﻮع اﻟﻴﺎﺑﺎﻧﻴﺔ وﻣﺴﺘﻮى اﻟﺪﻋﻢ‪:‬‬
‫ﺍﻟﺸﻤﻮﻉ ﺍﳌﻔﺮﺩﺓ ﻭﳕﺎﺫﺝ ﺍﻟﺸﻤﻮﻉ ﳝﻜﻦ ﺃﻥ ﺗﺴﺘﺨﺪﻡ ﰲ ﺗﺄﻛﻴﺪ ﺃﻭ ﲢﺪﻳﺪ ﻣﺴﺘﻮﻳﺎﺕ ﺍﻟﺪﻋﻢ‪ ،‬ﻭﻣﺴﺘﻮﻯ ﺍﻟﺪﻋﻢ ﻫﺬﺍ ﳝﻜﻦ ﺃﻥ ﻳﻜﻮﻥ ﺟﺪﻳﺪ ﺑﻌﺪ‬
‫‪ ،Trading‬ﺍﻟﺸﻤﻮﻉ ﳝﻜﻦ ﺃﻥ ﺗﺴﺎﻋﺪ ﰲ ﲢﺪﻳﺪ‬ ‫‪Range‬‬ ‫ﻫﺒﻮﻁ ﻃﻮﻳﻞ )ﳑﺘﺪ( ﺃﻭ ﻳﻜﻮﻥ ﺗﺄﻛﻴﺪ ﳌﺴﺘﻮﻯ ﺩﻋﻢ ﺳﺎﺑﻖ ﺿﻤﻦ ﳎﺎﻝ )ﻣﺪﻯ( ﺍﻟﺘﺪﺍﻭﻝ‬
‫)ﺍﺧﺘﻴﺎﺭ( ﻧﻘﺎﻁ ﺍﻟﺪﺧﻮﻝ ﻭﺍﳋﺮﻭﺝ ﰲ ﳎﺎﻝ )ﻣﺪﻯ( ﺍﻟﺘﺪﺍﻭﻝ ‪ Trading Range‬ﻭﺫﻟﻚ ﻟﻠﺸﺮﺍﺀ ﻗﺮﺏ ﻣﺴﺘﻮﻯ ﺍﻟﺪﻋﻢ ﻭﺍﻟﺒﻴﻊ ﻗﺮﺏ ﻣﺴﺘﻮﻯ ﺍﳌﻘﺎﻭﻣﺔ‪..‬‬

‫ﺍﻟﺸﻤﻮﻉ ﻭﺍﻟﻨﻤﺎﺫﺝ ﺍﳌﺘﻔﺎﺋﻠﺔ ) ﺍﳌﺘﻮﻗﻌﺔ ﻟﻠﺼﻌﻮﺩ ( ﺗﻮﺣﻲ ﺑﺎﻥ ﻫﻨﺎﻙ ﺿﻐﻂ ﺑﻴﻊ ﻗﺪ ﻫُﺰﻡ )ﺗﻼﺷﻰ( ﻭﺍﻥ ﻫﻨﺎﻙ ﺿﻐﻂ ﺷﺮﺍﺀ ﺑﺎﺩﺉ ﰲ ﺍﻟﻈﻬﻮﺭ ﻭﻣﺜﻞ‬
‫ﻫﺬﺍ ﺍﻟﺘﻔﺎﺅﻝ ﻳﺸﲑ ﺇﱃ ﺍﺣﺘﻤﺎﻝ ﺗﻜﻮﻥ ﻣﺴﺘﻮﻯ ﺩﻋﻢ‪..‬‬
‫) ﻣﻼﺣﻈﺔ‪ :‬ﻟﻠﺘﻌﺮﻑ ﻋﻠﻰ ﳕﺎﺫﺝ ﺍﻟﺸﻤﻮﻉ ﺍﳌﺘﻔﺎﺋﻠﺔ ﻭﺍﳌﺘﺸﺎﺋﻤﺔ ﺑﺈﻣﻜﺎﻧﻚ ﺍﻹﻃﻼﻉ ﻋﻠﻰ ﺍﳌﻠﺤﻖ ﺍﳋﺎﺹ ﺑﻨﻤﺎﺫﺝ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ (‬

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 ‫◊ اﻟﺸﻤﻮع اﻟﻴﺎﺑﺎﻧﻴﺔ وﻣﺴﺘﻮى اﻟﻤﻘﺎوﻣﺔ‪:‬‬
‫ﺍﻟﺸﻤﻮﻉ ﺍﳌﻔﺮﺩﺓ ﻭﳕﺎﺫﺝ ﺍﻟﺸﻤﻮﻉ ﳝﻜﻦ ﺃﻥ ﺗﺴﺘﺨﺪﻡ ﰲ ﺗﺄﻛﻴﺪ ﻭﲢﺪﻳﺪ ﻣﺴﺘﻮﻳﺎﺕ ﺍﳌﻘﺎﻭﻣﺔ‪ ،‬ﻭﻣﺴﺘﻮﻯ ﺍﳌﻘﺎﻭﻣﺔ ﻫﺬﺍ ﳝﻜﻦ ﺃﻥ ﻳﻜﻮﻥ ﺟﺪﻳﺪ ﺑﻌﺪ‬
‫ﺍﺭﺗﻔﺎﻉ ﻃﻮﻳﻞ )ﳑﺘﺪ( ﺃﻭ ﳝﻜﻦ ﺃﻥ ﻳﻜﻮﻥ ﺗﺄﻛﻴﺪ ﳌﺴﺘﻮﻯ ﻣﻘﺎﻭﻣﺔ ﻣﻮﺟﻮﺩ ﺿﻤﻦ ﳎﺎﻝ )ﻣﺪﻯ( ﺍﻟﺘﺪﺍﻭﻝ ‪ ،Trading Range‬ﺍﻟﺸﻤﻮﻉ ﳝﻜﻦ ﺃﻥ ﺗﺴﺎﻋﺪ ﰲ‬
‫ﻭﺫﻟﻚ ﻟﻠﺸﺮﺍﺀ ﻗﺮﺏ ﻣﺴﺘﻮﻯ ﺍﻟﺪﻋﻢ ﻭﺍﻟﺒﻴﻊ‬ ‫‪Trading Range‬‬ ‫ﲢﺪﻳﺪ )ﺍﺧﺘﻴﺎﺭ( ﻧﻘﺎﻁ ﺍﻟﺪﺧﻮﻝ ﻭﺍﳋﺮﻭﺝ ﰲ ﳎﺎﻝ )ﻣﺪﻯ( ﺍﻟﺘﺪﺍﻭﻝ‬
‫ﻗﺮﺏ ﻣﺴﺘﻮﻯ ﺍﳌﻘﺎﻭﻣﺔ‪..‬‬

‫ﺍﻟﺸﻤﻮﻉ ﻭﺍﻟﻨﻤﺎﺫﺝ ﺍﳌﺘﺸﺎﺋﻤﺔ ) ﺍﳌﺘﻮﻗﻌﺔ ﻟﻠﻬﺒﻮﻁ ( ﺗﻮﺣﻲ ﺑﺎﻥ ﻫﻨﺎﻙ ﺿﻐﻂ ﺷﺮﺍﺀ ﻗﺪ ﺍﻟﻐﻲ )ﺗﻼﺷﻰ( ﻭﺍﻥ ﻫﻨﺎﻙ ﺿﻐﻂ ﺑﻴﻊ ﺑﺎﺩﺉ ﰲ ﺍﻟﻈﻬﻮﺭ‬
‫ﻭﻣﺜﻞ ﻫﺬﺍ ﺍﻟﺘﺸﺎﺅﻡ ﻳﺸﲑ ﺇﱃ ﺍﺣﺘﻤﺎﻝ ﺗﻜﻮﻥ ﻣﺴﺘﻮﻯ ﻣﻘﺎﻭﻣﺔ‪..‬‬
‫) ﻣﻼﺣﻈﺔ‪ :‬ﻟﻠﺘﻌﺮﻑ ﻋﻠﻰ ﳕﺎﺫﺝ ﺍﻟﺸﻤﻮﻉ ﺍﳌﺘﻔﺎﺋﻠﺔ ﻭﺍﳌﺘﺸﺎﺋﻤﺔ ﺑﺈﻣﻜﺎﻧﻚ ﺍﻹﻃﻼﻉ ﻋﻠﻰ ﺍﳌﻠﺤﻖ ﺍﳋﺎﺹ ﺑﻨﻤﺎﺫﺝ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ (‬

‫◊ ﻧﻤﺎذج اﻟﺸﻤﻮع اﻻﻧﻌﻜﺎﺳﻴﺔ اﻟﻤﺘﻔﺎﺋﻠﺔ ) اﻟﻤﺘﻮﻗﻌﺔ ﻟﻠﺼﻌﻮد (‪:‬‬

‫ﻗﺒﻞ ﺍﳊﺪﻳﺚ ﻋﻦ ﺍﻟﻨﻤﺎﺫﺝ ﺍﻻﻧﻌﺎﻛﺴﻴﺔ ﺍﳌﺘﻔﺎﺋﻠﺔ ﻫﻨﺎﻙ ﺑﻌﺾ ﺍﻟﺘﻌﻠﻴﻤﺎﺕ )ﺍﻟﺘﻮﺟﻴﻬﺎﺕ( ﺍﻟﱵ ﳚﺐ ﺍﻟﺘﺄﻛﻴﺪ ﻋﻠﻴﻬﺎ ﻭﻫﻲ‪:‬‬
‫● ﺃﻛﺜﺮ ﺍﻟﻨﻤﺎﺫﺝ ﺗﺘﻄﻠﺐ ﺗﺄﻛﻴﺪ ﻋﻤﻠﻴﺔ ﺍﻟﺼﻌﻮﺩ‪.‬‬
‫● ﺍﻟﻨﻤﺎﺫﺝ ﺍﻻﻧﻌﻜﺎﺳﻴﺔ ﺍﳌﺘﻔﺎﺋﻠﺔ ﳚﺐ ﺃﻥ ﺗﺘﻜﻮﻥ ﺿﻤﻦ ﺍﲡﺎﻩ ﺗﺪﺍﻭﻝ ﻫﺎﺑﻂ )ﻧﺎﺯﻝ(‪.‬‬
‫● ﳚﺐ ﺃﻥ ﺗﺴﺘﺨﺪﻡ ﺍﻟﺴﻤﺎﺕ )ﺍﻷﺩﻭﺍﺕ( ﺍﻷﺧﺮﻯ ﻟﻠﺘﺤﻠﻴﻞ ﺍﻟﻔﲏ ﻭﺑﺸﻜﻞ ﺟﻴﺪ‪.‬‬

‫أ‪ -‬ﺗﺄآﻴﺪ ﻋﻤﻠﻴﺔ اﻟﺼﻌﻮد‪:‬‬

‫ﺍﻟﻨﻤﺎﺫﺝ ﺍﻟﱵ ﺗﺘﻜﻮﻥ ﻣﻦ ﴰﻌﺔ ﻭﺍﺣﺪﺓ ﺗﺘﻄﻠﺐ ﻋﻤﻠﻴﺔ ﺗﺄﻛﻴﺪ ﺍﻟﺼﻌﻮﺩ ﻛﻤﺎ ﺃﻥ ﺍﻻﻧﻌﻜﺎﺱ ﺍﻟﻔﻌﻠﻲ ﻳﺸﲑ ﺇﱃ ﺃﻥ ﺍﳌﺸﺘﺮﻳﻦ ﺗﻐﻠﺒﻮﺍ ﻋﻠﻰ ﺿﻐﻂ ﺍﻟﺒﻴﻊ‬
‫ﺍﳌﺴﺒﻖ ﻭﻟﻜﻨﻪ ﻳﺒﻘﻰ ﻣﻦ ﻏﲑ ﺍﻟﻮﺍﺿﺢ ﻓﻴﻤﺎ ﺇﺫﺍ ﻛﺎﻥ ﺍﳌﺸﺘﺮﻳﻦ ﺍﳉﺪﺩ ﺳﻮﻑ ﻳﺮﻓﻌﻮﻥ ﺍﻷﺳﻌﺎﺭ ﺇﱃ ﺃﻋﻠﻰ ﺃﻡ ﻻ ؟ ﺑﺪﻭﻥ ﺍﻟﺘﺄﻛﻴﺪ ﺗﻌﺘﱪ ﻫﺬﻩ ﺍﻟﻨﻤﺎﺫﺝ ﳏﺎﻳﺪﺓ‬
‫ﻭﺗﺸﲑ ﺇﱃ ﻣﺴﺘﻮﻯ ﺩﻋﻢ ﰲ ﺃﺣﺴﻦ ﺍﻷﺣﻮﺍﻝ‪ ،‬ﺗﺄﻛﻴﺪ ﻋﻤﻠﻴﺔ ﺍﻟﺼﻌﻮﺩ ﻳﻌﲏ ﻣﺘﺎﺑﻌﺔ ﺃﺧﺮﻯ ﺑﺪﻭﻥ ﺗﻮﻗﻒ ﻟﻼﲡﺎﻩ ﺍﻟﺼﺎﻋﺪ ﻭﳝﻜﻦ ﺃﻥ ﺗﺄﰐ ﻫﺬﻩ ﺍﳌﺘﺎﺑﻌﺔ ﺑﻮﺍﺳﻄﺔ‬
‫ﺍﻟـ ‪ Gap Up‬ﺃﻭ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺒﻴﻀﺎﺀ ﺍﻟﻄﻮﻳﻠﺔ ﺃﻭ ﺍﻻﺭﺗﻔﺎﻉ ﰲ ﺣﺠﻢ ﺍﻟﺘﺪﺍﻭﻝ‪..‬‬

‫ﻷﻥ ﳕﺎﺫﺝ ﺍﻟﺸﻤﻮﻉ ﺗﻌﺘﱪ ﻗﺼﲑﺓ ﰲ ﺍﻟﻐﺎﻟﺐ ﻭﺗﺄﰐ ﺿﻤﻦ ﺃﺳﺒﻮﻉ ﺇﱃ ﺃﺳﺒﻮﻋﲔ ﻓﻘﻂ ﻓﺎﻥ ﺗﺄﻛﻴﺪ ﻋﻤﻠﻴﺔ ﺍﻟﺼﻌﻮﺩ ﳚﺐ ﺃﻥ ﺗﺄﰐ ﺿﻤﻦ ﻳﻮﻡ‬
‫ﺇﱃ ﺛﻼﺙ ﺃﻳﺎﻡ ﺑﻌﺪ ﺗﻜﻮﻥ ﺍﻟﻨﻤﻮﺫﺝ‪..‬‬

‫ب‪ -‬اﺗﺠﺎﻩ اﻟﺘﺪاول اﻟﻨﺎزل اﻟﻘﺎﺋﻢ ) اﻟﻤﻮﺟﻮد (‪:‬‬

‫‪Bullish Engulfing‬‬ ‫ﺣﱴ ﻧﻌﺘﱪ ﺃﻥ ﻫﻨﺎﻙ ﻋﻤﻠﻴﺔ ﺍﻧﻌﻜﺎﺱ ﻣﺘﻔﺎﺋﻠﺔ ﳚﺐ ﺃﻥ ﻳﻜﻮﻥ ﻫﻨﺎﻙ ﺍﲡﺎﻩ ﺗﺪﺍﻭﻝ ﻧﺎﺯﻝ ﻗﺎﺋﻢ ) ﻣﻮﺟﻮﺩ (‪ ،‬ﺍﻟـ‬
‫ﰲ ﺍﻻﺭﺗﻔﺎﻋﺎﺕ ﺍﳉﺪﻳﺪﺓ ﻣﻦ ﺍﻟﺼﻌﺐ ) ﻣﻦ ﻏﲑ ﺍﶈﺘﻤﻞ ( ﺃﻥ ﺗﻌﺘﱪ ﻋﻤﻠﻴﺔ ﺍﻧﻌﻜﺎﺱ ﻣﺘﻔﺎﺋﻠﺔ ﻭﻣﺜﻞ ﻫﺬﻩ ﺍﻟﻨﻤﺎﺫﺝ ﺗﺸﲑ ﺇﱃ ﺿﻐﻂ ﺷﺮﺍﺀ ﻣﺴﺘﻤﺮ ﻭﳝﻜﻦ‬
‫ﺃﻥ ﺗﻌﺘﱪ ﳕﺎﺫﺝ ﻣﻮﺍﺻﻠﺔ‪..‬‬

‫ﻭﺟﻮﺩ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ ﳝﻜﻦ ﺃﻥ ﻳﺘﺤﺪﺩ ﺑﺎﺳﺘﺨﺪﺍﻡ ‪ Moving Averages‬ﺃﻭ ‪ Trendlines‬ﺃﻭ ﺑﻮﺍﺳﻄﺔ ﲢﻠﻴﻞ ﺍﻟﻘﻤﺔ ﻭﺍﻟﻘﺎﻉ‪ ،‬ﺍﻟﺴﻬﻢ‬
‫ﳝﻜﻦ ﺃﻥ ﻳﻌﺘﱪ ﰲ ﺍﲡﺎﻩ ﺗﺪﺍﻭﻝ ﻧﺎﺯﻝ ﺑﺎﻻﺳﺘﻨﺎﺩ ﻋﻠﻰ ﻭﺍﺣﺪ ﺃﻭ ﺃﻛﺜﺮ ﻣﻦ ﺍﻟﻨﻘﺎﻁ ﺍﻟﺘﺎﻟﻴﺔ‪:‬‬
‫● ﺍﻟﺴﻬﻢ ﻳﺘﻢ ﺗﺪﺍﻭﻟﻪ ﲢﺖ )‪..20-day Exponential Moving Average (EMA‬‬
‫● ﺍﻟﺴﻬﻢ ﻳﺘﻢ ﺗﺪﺍﻭﻟﻪ ﲢﺖ ‪..Trendline‬‬
‫● ﻛﻞ ﺭﺩﺓ ﻓﻌﻞ ﻟﻘﻤﺔ ﺃﻭ ﻗﺎﻉ ﺗﻜﻮﻥ ﺍﻗﻞ ﻣﻦ ﺍﻟﱵ ﻗﺒﻠﻬﺎ‪..‬‬

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 ‫ﻫﺬﻩ ﻓﻘﻂ ﺃﻣﺜﻠﺔ ﻟﺒﻌﺾ ﺍﻟﺘﻌﻠﻴﻤﺎﺕ ﺍﶈﺘﻤﻠﺔ ﻟﺘﺤﺪﻳﺪ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ‪ ،‬ﺑﻌﺾ ﺍﳌﺘﺪﺍﻭﻟﲔ ﻗﺪ ﻳﻔﻀﻠﻮﻥ ﺍﲡﺎﻫﺎﺕ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻷﻗﺼﺮ ﻭﻳﻌﺘﱪﻭﻥ ﺍﻷﺳﻬﻢ ﺍﻟﱵ‬
‫ﲢﺖ ﺍﻟـ ‪ 10-day EMA‬ﰲ ﺍﲡﺎﻩ ﺗﺪﺍﻭﻝ ﻧﺎﺯﻝ ﻭﰲ ﺍﻟﻨﻬﺎﻳﺔ ﺍﳌﻌﺎﻳﲑ ﺍﳊﺎﲰﺔ ﺗﻌﺘﻤﺪ ﻋﻠﻰ ﺃﺳﻠﻮﺏ ﲡﺎﺭﺗﻚ ﻭﻋﻠﻰ ﺗﻔﻀﻴﻼﺗﻚ ﺍﻟﺸﺨﺼﻴﺔ‪..‬‬

‫ج‪ -‬اﻟﺴﻤﺎت اﻷﺧﺮى ﻟﻠﺘﺤﻠﻴﻞ اﻟﻔﻨﻲ‪:‬‬

‫ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ ﺗﺰﻭﺩ ﲟﻌﺎﱐ ﳑﺘﺎﺯﺓ ﻟﺘﻌﻴﲔ ﻫﻮﻳﺔ ﺍﻻﻧﻌﻜﺎﺳﺎﺕ ﻟﻜﻨﻬﺎ ﻻ ﺗﺴﺘﺨﺪﻡ ﲟﻔﺮﺩﻫﺎ ﻓﺎﻟﺴﻤﺎﺕ ﺍﻷﺧﺮﻯ ﻟﻠﺘﺤﻠﻴﻞ ﺍﻟﻔﲏ ﳚﺐ ﺃﻥ‬
‫ﺗﺪﻣﺞ ) ﺗُﺠﻤﻊ ( ﻣﻊ ﺑﻌﻀﻬﺎ ﺍﻟﺒﻌﺾ ﻟﺘﺰﻳﺪ ﻣﻦ ﻗﻮﺓ ﺍﻻﻧﻌﻜﺎﺱ ﻭﻓﻴﻤﺎ ﻳﻠﻲ ﺛﻼﺙ ﺃﻓﻜﺎﺭ ﰲ ﻛﻴﻔﻴﺔ ﺍﲢﺎﺩ ﺍﻟﺘﺤﻠﻴﻞ ﺍﻟﻔﲏ ﺍﻟﺘﻘﻠﻴﺪﻱ ﻣﻊ ﲢﻠﻴﻞ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ‪:‬‬
‫‪ -1‬ﻣﺴﺘﻮى اﻟﺪﻋﻢ‪:‬‬
‫ﺍﻧﻈﺮ ﺇﱃ ﺍﻻﻧﻌﻜﺎﺳﺎﺕ ﺍﳌﺘﻔﺎﺋﻠﺔ ﻋﻨﺪ ﻣﺴﺘﻮﻳﺎﺕ ﺍﻟﺪﻋﻢ ﻟﺘﺰﻳﺪ ﻣﻦ ﻗﻮﺓ ﺍﻟﺘﺄﻛﻴﺪ ﻟﻌﻤﻠﻴﺔ ﺍﻻﻧﻌﻜﺎﺱ‪ ،‬ﻣﺴﺘﻮﻳﺎﺕ ﺍﻟﺪﻋﻢ ﳝﻜﻦ ﺃﻥ ﺗﺘﺤﺪﺩ ﺑﺎﺳﺘﺨﺪﺍﻡ‬
‫– ﺭﺩﺓ ﻓﻌﻞ ﺍﻟﻘﺎﻉ‬ ‫)‪Fibonacci Retracements (%23.7,%38.2,%50,%61.8‬‬ ‫–‬ ‫‪Trendlines‬‬ ‫–‬ ‫‪Moving Averages‬‬

‫ﺍﻟﺴﺎﺑﻖ‪..‬‬
‫‪ -2‬اﻟﺰﺧﻢ ) اﻟﻘﻮة اﻟﺪاﻓﻌﺔ (‪:‬‬
‫ﺍﺳﺘﺨﺪﻡ ﺍﻟـ ‪ Oscillators‬ﻟﺘﺄﻛﻴﺪ ﲢﺴﻦ ﺍﻟﺰﺧﻢ ) ﺍﻟﻘﻮﺓ ﺍﻟﺪﺍﻓﻌﺔ ( ﻣﻊ ﺍﻻﻧﻌﻜﺎﺳﺎﺕ ﺍﳌﺘﻔﺎﺋﻠﺔ‪ ،‬ﺍﻻﳓﺮﺍﻓﺎﺕ ﺍﳌﻮﺟﺒﺔ ﰲ ‪– PPO – MACD‬‬
‫ﺗﺸﲑ ﺇﱃ ﲢﺴﻦ ﺍﻟﺰﺧﻢ ) ﺍﻟﻘﻮﺓ ﺍﻟﺪﺍﻓﻌﺔ ( ﻭﺗﺰﻳﺪ ﺍﻟﻘﻮﺓ ﺧﻠﻒ ﺍﻟﻨﻤﻮﺫﺝ ﺍﻻﻧﻌﻜﺎﺳﻲ‬ ‫‪Williams %R‬‬ ‫–‬ ‫‪StochRSI‬‬ ‫–‬ ‫‪Stochastics‬‬ ‫–‬ ‫‪RSI‬‬

‫ﺍﳌﺘﻔﺎﺋﻞ ) ﺍﳌﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‪ ،‬ﺑﺎﻹﺿﺎﻓﺔ ﺇﱃ ﺫﻟﻚ ﻓﺎﻥ ﺍﻟﻌﺒﻮﺭ ﺍﻟﺼﺎﻋﺪ ﻟﻠـ ‪ Moving Average‬ﰲ ﺍﻟـ ‪ PPO‬ﻭ ﺍﻟـ ‪ MACD‬ﻳﺰﻳﺪ ﺍﻟﺘﺄﻛﻴﺪ ﻣﺜﻠﻪ ﻣﺜﻞ‬
‫ﺍﻟﻌﺒﻮﺭ ﺍﻟﺼﺎﻋﺪ ﺑﺎﻟﻨﺴﺒﺔ ﻟـ ‪ ) trigger‬ﺍﳋﻂ ﺍﻟﺼﻐﲑ ﺍﳌﺮﺍﻓﻖ ﻟﻠﻤﺆﺷﺮ ( ﺑﺎﻟﻨﺴﺒﺔ ﻟـ ‪..Stochastic Oscillator‬‬
‫‪ -3‬ﺗﺪﻓﻖ اﻟﻤﺎل‪:‬‬
‫ﺍﺳﺘﺨﺪﻡ ﻗﻮﺍﻋﺪ ﻣﺆﺷﺮﺍﺕ ﺣﺠﻢ ﺍﻟﺘﺪﺍﻭﻝ ﳌﻌﺮﻓﺔ ﻧﻮﺑﺔ ) ﻓﻮﺭﺓ ( ﺿﻐﻂ ﺍﻟﺸﺮﺍﺀ ﺃﻭ ﺍﻟﺒﻴﻊ‪ ،‬ﻫﺬﻩ ﺍﳌﺆﺷﺮﺍﺕ )‪On Balance Volume (OBV‬‬

‫– )‪ Accumulation/Distribution Line – Chaikin Money Flow (CMF‬ﳝﻜﻦ ﺃﻥ ﺗﺴﺘﺨﺪﻡ ﻻﻛﺘﺸﺎﻑ ﺍﻻﳓﺮﺍﻓﺎﺕ ﺍﳌﻮﺟﺒﺔ ﺃﻭ ﺿﻐﻂ‬
‫ﺷﺮﺍﺀ ﻣﻔﺮﻁ ﺣﻘﹰﺎ ﻭﺫﻟﻚ ﺑﺎﻻﲢﺎﺩ ﻣﻊ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ‪ ،‬ﺍﻟﻘﻮﺓ ﰲ ﺃﻱ ﺃﺩﺍﺓ ﻣﻦ ﻫﺬﻩ ﺍﻷﺩﻭﺍﺕ ﺳﻮﻑ ﺗﺰﻳﺪ ﻣﻦ ﻗﻮﺓ ﺍﻻﻧﻌﻜﺎﺱ ﻭﻛﻞ ﻫﺬﻩ‬
‫ﺍﻷﺩﻭﺍﺕ ) ﺍﻟﺴﻤﺎﺕ ( ﳝﻜﻦ ﺃﻥ ﺗﺘﺤﺪ ﻟﺘﻌﻄﻲ ﺇﺷﺎﺭﺓ ﻋﻈﻤﻰ ﳝﻜﻦ ﺍﻻﻋﺘﻤﺎﺩ ﻋﻠﻴﻬﺎ‪..‬‬
‫) ﻣﻼﺣﻈﺔ‪ :‬ﻟﻠﺘﻌﺮﻑ ﻋﻠﻰ ﳕﺎﺫﺝ ﺍﻟﺸﻤﻮﻉ ﺍﳌﺘﻔﺎﺋﻠﺔ ﻭﺍﳌﺘﺸﺎﺋﻤﺔ ﺑﺈﻣﻜﺎﻧﻚ ﺍﻹﻃﻼﻉ ﻋﻠﻰ ﺍﳌﻠﺤﻖ ﺍﳋﺎﺹ ﺑﻨﻤﺎﺫﺝ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ (‬

‫◊ ﻧﻤﺎذج اﻟﺸﻤﻮع اﻻﻧﻌﻜﺎﺳﻴﺔ اﻟﻤﺘﺸﺎﺋﻤﺔ ) اﻟﻤﺘﻮﻗﻌﺔ ﻟﻠﻬﺒﻮط (‪:‬‬

‫ﻗﺒﻞ ﺍﳊﺪﻳﺚ ﻋﻦ ﺍﻟﻨﻤﺎﺫﺝ ﺍﻻﻧﻌﺎﻛﺴﻴﺔ ﺍﳌﺘﺸﺎﺋﻤﺔ ﻫﻨﺎﻙ ﺑﻌﺾ ﺍﻟﺘﻌﻠﻴﻤﺎﺕ )ﺍﻟﺘﻮﺟﻴﻬﺎﺕ( ﺍﻟﱵ ﳚﺐ ﺍﻟﺘﺄﻛﻴﺪ ﻋﻠﻴﻬﺎ ﻭﻫﻲ‪:‬‬
‫● ﺃﻛﺜﺮ ﺍﻟﻨﻤﺎﺫﺝ ﺗﺘﻄﻠﺐ ﺗﺄﻛﻴﺪ ﺇﺿﺎﰲ ﻟﻌﻤﻠﻴﺔ ﺍﳍﺒﻮﻁ‪.‬‬
‫● ﺍﻟﻨﻤﺎﺫﺝ ﺍﻻﻧﻌﻜﺎﺳﻴﺔ ﺍﳌﺘﺸﺎﺋﻤﺔ ﳚﺐ ﺃﻥ ﺗﺘﻜﻮﻥ ﺿﻤﻦ ﺍﲡﺎﻩ ﺗﺪﺍﻭﻝ ﺻﺎﻋﺪ‪.‬‬
‫● ﳚﺐ ﺃﻥ ﺗﺴﺘﺨﺪﻡ ﺍﻟﺴﻤﺎﺕ )ﺍﻷﺩﻭﺍﺕ( ﺍﻷﺧﺮﻯ ﻟﻠﺘﺤﻠﻴﻞ ﺍﻟﻔﲏ ﻭﺑﺸﻜﻞ ﺟﻴﺪ‪.‬‬

‫أ‪ -‬ﺗﺄآﻴﺪ ﻋﻤﻠﻴﺔ اﻟﻬﺒﻮط‪:‬‬

‫ﺍﻟﻨﻤﺎﺫﺝ ﺍﻻﻧﻌﻜﺎﺳﻴﺔ ﺍﳌﺘﺸﺎﺋﻤﺔ ) ﺍﳌﺘﻮﻗﻌﺔ ﻟﻠﻬﺒﻮﻁ ( ﳝﻜﻦ ﺃﻥ ﺗﺘﻜﻮﻥ ﻣﻦ ﴰﻌﺔ ﻭﺍﺣﺪﺓ ﺃﻭ ﻣﻦ ﻋﺪﺓ ﴰﻮﻉ ﻭﺍﻏﻠﺒﻬﺎ ﻳﺘﻄﻠﺐ ﻋﻤﻠﻴﺔ‬
‫ﺗﺄﻛﻴﺪ ﺍﳍﺒﻮﻁ ﻭﻛﻤﺎ ﺃﻥ ﺍﻻﻧﻌﻜﺎﺱ ﺍﻟﻔﻌﻠﻲ ﻳﺸﲑ ﺇﱃ ﺃﻥ ﺿﻐﻂ ﺍﻟﺒﻴﻊ ﺳﺤﻖ ﺿﻐﻂ ﺍﻟﺸﺮﺍﺀ ﻟﻴﻮﻡ ﻭﺍﺣﺪ ﺃﻭ ﻟﻌﺪﺓ ﺃﻳﺎﻡ ﺇﻻ ﺍﻧﻪ ﻳﺒﻘﻰ ﻣﻦ ﻏﲑ‬
‫ﺍﻟﻮﺍﺿﺢ ﻓﻴﻤﺎ ﺇﺫﺍ ﻛﺎﻥ ﺍﻟﺒﺎﺋﻌﲔ ﺳﻮﻑ ﻳﺪﻓﻌﻮﻥ ﺍﻷﺳﻌﺎﺭ ﺇﱃ ﺃﺳﻔﻞ ﺃﻡ ﻻ ؟ ‪ ،‬ﺑﺪﻭﻥ ﻋﻤﻠﻴﺔ ﺍﻟﺘﺄﻛﻴﺪ ﺗﻌﺘﱪ ﺃﻛﺜﺮ ﻫﺬﻩ ﺍﻟﻨﻤﺎﺫﺝ ﻋﺒﺎﺭﺓ ﻋﻦ ﳕﺎﺫﺝ‬
‫ﳏﺎﻳﺪﺓ ﻭﺗﺸﲑ ﻓﻘﻂ ﺇﱃ ﻣﺴﺘﻮﻯ ﻣﻘﺎﻭﻣﺔ ﳏﺘﻤﻞ ﰲ ﺃﺣﺴﻦ ﺍﻷﺣﻮﺍﻝ‪ ،‬ﺗﺄﻛﻴﺪ ﻋﻤﻠﻴﺔ ﺍﳍﺒﻮﻁ ﻳﻌﲏ ﻣﺘﺎﺑﻌﺔ ﺃﺧﺮﻯ ﻟﻼﲡﺎﻩ ﺍﻟﻨﺎﺯﻝ ﺑﺪﻭﻥ ﺗﻮﻗﻒ‬
‫ﺃﻭ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺴﻮﺩﺍﺀ ﺍﻟﻄﻮﻳﻠﺔ ﺃﻭ ﺍﻻﺭﺗﻔﺎﻉ ﰲ ﺣﺠﻢ ﺍﻟﺘﺪﺍﻭﻝ‬ ‫‪Gap Down‬‬ ‫ﻟﻼﲡﺎﻩ ﺍﳍﺎﺑﻂ ﻭﳝﻜﻦ ﺃﻥ ﺗﺄﰐ ﻫﺬﻩ ﺍﳌﺘﺎﺑﻌﺔ ﺑﻮﺍﺳﻄﺔ ﺍﻟـ‬
‫ﺍﳌﻨﺨﻔﺾ ) ﺍﻟﺬﻱ ﻳﺸﲑ ﺇﱃ ﺍﳍﺒﻮﻁ (‪..‬‬

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 ‫ﻻﻥ ﳕﺎﺫﺝ ﺍﻟﺸﻤﻮﻉ ﺗﻌﺘﱪ ﻗﺼﲑﺓ ﰲ ﺍﻟﻐﺎﻟﺐ ﻭﺗﺄﰐ ﺿﻤﻦ ﺃﺳﺒﻮﻉ ﺇﱃ ﺃﺳﺒﻮﻋﲔ ﻓﻘﻂ ﻓﺎﻥ ﺗﺄﻛﻴﺪ ﻋﻤﻠﻴﺔ ﺍﳍﺒﻮﻁ ﳚﺐ ﺃﻥ ﺗﺄﰐ ﺿﻤﻦ ﻳﻮﻡ ﺇﱃ‬
‫ﺛﻼﺙ ﺃﻳﺎﻡ ﺑﻌﺪ ﺗﻜﻮﻥ ﺍﻟﻨﻤﻮﺫﺝ‪..‬‬

‫ب‪ -‬اﺗﺠﺎﻩ اﻟﺘﺪاول اﻟﺼﺎﻋﺪ اﻟﻘﺎﺋﻢ ) اﻟﻤﻮﺟﻮد (‪:‬‬

‫ﺣﱴ ﻧﻌﺘﱪ ﺃﻥ ﻫﻨﺎﻙ ﻋﻤﻠﻴﺔ ﺍﻧﻌﻜﺎﺱ ﻣﺘﺸﺎﺋﻤﺔ ﳚﺐ ﺃﻥ ﻳﻜﻮﻥ ﻫﻨﺎﻙ ﺍﲡﺎﻩ ﺗﺪﺍﻭﻝ ﺻﺎﻋﺪ ﻗﺎﺋﻢ ) ﻣﻮﺟﻮﺩ ( ﻭﻻ ﻳﺸﺘﺮﻁ ﺃﻥ ﻳﻜﻮﻥ ﻫﺬﺍ ﺍﻻﲡﺎﻩ‬
‫ﺍﻟﺼﺎﻋﺪ ﺭﺋﻴﺴﻲ ﻟﻜﻨﻪ ﳚﺐ ﺃﻥ ﻳﻜﻮﻥ ﺧﻼﻝ ﺍﳌﺪﻯ ﺍﻟﻘﺼﲑ ﺃﻭ ﻋﻠﻰ ﺍﻷﻗﻞ ﺃﺛﻨﺎﺀ ﺍﻷﻳﺎﻡ ﺍﻟﻘﻠﻴﻠﺔ ﺍﳌﺎﺿﻴﺔ‪ ،‬ﺍﻟـ ‪ Dark Cloud Cover‬ﺑﻌﺪ ﺍﻻﳓﺪﺍﺭ ﺍﳊﺎﺩ‬
‫ﺃﻭ ﺑﺎﻟﻘﺮﺏ ﻣﻦ ﺍﳔﻔﺎﺽ ﺟﺪﻳﺪ ﻣﻦ ﺍﻟﺼﻌﺐ ) ﻣﻦ ﻏﲑ ﺍﶈﺘﻤﻞ ( ﺃﻥ ﺗﻌﺘﱪ ﻋﻤﻠﻴﺔ ﺍﻧﻌﻜﺎﺱ ﻣﺘﺸﺎﺋﻤﺔ ﻭﻣﺜﻞ ﻫﺬﻩ ﺍﻟﻨﻤﺎﺫﺝ ﺗﺄﻛﻴﺪ ﻟﻀﻐﻂ ﺑﻴﻊ ﻣﺴﺘﻤﺮ ﻭﳝﻜﻦ‬
‫ﺃﻥ ﺗﻌﺘﱪ ﳕﺎﺫﺝ ﻣﻮﺍﺻﻠﺔ‪..‬‬

‫ﺃﻭ ﺑﻮﺍﺳﻄﺔ ﲢﻠﻴﻞ ﺍﻟﻘﻤﺔ‬ ‫‪Trendlines‬‬ ‫ﺃﻭ‬ ‫‪Moving Averages‬‬ ‫ﻭﺟﻮﺩ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ ﳝﻜﻦ ﺃﻥ ﻳﺘﺤﺪﺩ ﺑﺎﺳﺘﺨﺪﺍﻡ‬
‫ﻭﺍﻟﻘﺎﻉ‪ ،‬ﺍﻟﺴﻬﻢ ﳝﻜﻦ ﺃﻥ ﻳﻌﺘﱪ ﰲ ﺍﲡﺎﻩ ﺗﺪﺍﻭﻝ ﺻﺎﻋﺪ ﺑﺎﻻﺳﺘﻨﺎﺩ ﻋﻠﻰ ﻭﺍﺣﺪ ﺃﻭ ﺃﻛﺜﺮ ﻣﻦ ﺍﻟﻨﻘﺎﻁ ﺍﻟﺘﺎﻟﻴﺔ‪:‬‬
‫● ﺍﻟﺴﻬﻢ ﻳﺘﻢ ﺗﺪﺍﻭﻟﻪ ﻓﻮﻕ )‪..20-day Exponential Moving Average (EMA‬‬
‫● ﺍﻟﺴﻬﻢ ﻳﺘﻢ ﺗﺪﺍﻭﻟﻪ ﻓﻮﻕ ‪.. Trendline‬‬
‫● ﻛﻞ ﺭﺩﺓ ﻓﻌﻞ ﻟﻘﻤﺔ ﺃﻭ ﻗﺎﻉ ﺗﻜﻮﻥ ﺃﻋﻠﻰ ﻣﻦ ﺍﻟﱵ ﻗﺒﻠﻬﺎ‪..‬‬

‫ﻫﺬﻩ ﻓﻘﻂ ﺃﻣﺜﻠﺔ ﻟﺒﻌﺾ ﺍﻟﺘﻌﻠﻴﻤﺎﺕ ﺍﶈﺘﻤﻠﺔ ﻟﺘﺤﺪﻳﺪ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ‪ ،‬ﺑﻌﺾ ﺍﳌﺘﺪﺍﻭﻟﲔ ﻗﺪ ﻳﻔﻀﻠﻮﻥ ﺍﲡﺎﻫﺎﺕ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻷﻗﺼﺮ ﻭﻳﻌﺘﱪﻭﻥ ﺍﻷﺳﻬﻢ ﺍﻟﱵ‬
‫ﻳﺘﻢ ﺗﺪﺍﻭﳍﺎ ﻓﻮﻕ ﺍﻟـ ‪ 10-day EMA‬ﰲ ﺍﲡﺎﻩ ﺗﺪﺍﻭﻝ ﺻﺎﻋﺪ ﻭﰲ ﺍﻟﻨﻬﺎﻳﺔ ﺍﳌﻌﺎﻳﲑ ﺍﳊﺎﲰﺔ ﺗﻌﺘﻤﺪ ﻋﻠﻰ ﺃﺳﻠﻮﺏ ﲡﺎﺭﺗﻚ ﻭﻋﻠﻰ ﺗﻔﻀﻴﻼﺗﻚ ﺍﻟﺸﺨﺼﻴﺔ‪..‬‬

‫ج‪ -‬اﻟﺴﻤﺎت اﻷﺧﺮى ﻟﻠﺘﺤﻠﻴﻞ اﻟﻔﻨﻲ‪:‬‬

‫ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ ﺗﺰﻭﺩ ﲟﻌﺎﱐ ﳑﺘﺎﺯﺓ ﻟﺘﻌﻴﲔ ﻫﻮﻳﺔ ﺍﻻﻧﻌﻜﺎﺳﺎﺕ ﻟﻜﻨﻬﺎ ﻻ ﺗﺴﺘﺨﺪﻡ ﲟﻔﺮﺩﻫﺎ ﻓﺎﻟﺴﻤﺎﺕ ﺍﻷﺧﺮﻯ ﻟﻠﺘﺤﻠﻴﻞ ﺍﻟﻔﲏ ﳚﺐ ﺃﻥ‬
‫ﺗﺪﻣﺞ ) ﺗُﺠﻤﻊ ( ﻣﻊ ﺑﻌﻀﻬﺎ ﺍﻟﺒﻌﺾ ﻟﺘﺰﻳﺪ ﻣﻦ ﻗﻮﺓ ﺍﻻﻧﻌﻜﺎﺱ ﻭﻓﻴﻤﺎ ﻳﻠﻲ ﺛﻼﺙ ﺃﻓﻜﺎﺭ ﰲ ﻛﻴﻔﻴﺔ ﺍﲢﺎﺩ ﺍﻟﺘﺤﻠﻴﻞ ﺍﻟﻔﲏ ﺍﻟﺘﻘﻠﻴﺪﻱ ﻣﻊ ﲢﻠﻴﻞ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ‪:‬‬
‫‪ -1‬ﻣﺴﺘﻮى اﻟﻤﻘﺎوﻣﺔ‪:‬‬
‫ﺍﻧﻈﺮ ﺇﱃ ﺍﻻﻧﻌﻜﺎﺳﺎﺕ ﺍﳌﺘﺸﺎﺋﻤﺔ ﻋﻨﺪ ﻣﺴﺘﻮﻳﺎﺕ ﺍﳌﻘﺎﻭﻣﺔ ﻟﺘﺰﻳﺪ ﻣﻦ ﻗﻮﺓ ﺍﻟﺘﺄﻛﻴﺪ ﻟﻌﻤﻠﻴﺔ ﺍﻻﻧﻌﻜﺎﺱ‪ ،‬ﻣﺴﺘﻮﻳﺎﺕ ﺍﳌﻘﺎﻭﻣﺔ ﳝﻜﻦ ﺃﻥ ﺗﺘﺤﺪﺩ‬
‫– ﺭﺩﺓ ﻓﻌﻞ‬ ‫)‪Fibonacci Retracements(%23.7,%38.2,%50,%61.8‬‬ ‫–‬ ‫‪Trendlines– Moving Averages‬‬ ‫ﺑﺎﺳﺘﺨﺪﺍﻡ‬
‫ﺍﻟﻘﻤﺔ ﺍﻟﺴﺎﺑﻘﺔ‪..‬‬
‫‪ -2‬اﻟﺰﺧﻢ ) اﻟﻘﻮة اﻟﺪاﻓﻌﺔ (‪:‬‬
‫ﺍﺳﺘﺨﺪﻡ ﺍﻟـ ‪ Oscillators‬ﻟﺘﺄﻛﻴﺪ ﲢﺴﻦ ﺍﻟﺰﺧﻢ ) ﺍﻟﻘﻮﺓ ﺍﻟﺪﺍﻓﻌﺔ ( ﻣﻊ ﺍﻻﻧﻌﻜﺎﺳﺎﺕ ﺍﳌﺘﺸﺎﺋﻤﺔ‪ ،‬ﺍﻻﳓﺮﺍﻓﺎﺕ ﺍﻟﺴﺎﻟﺒﺔ ﰲ ‪PPO – MACD‬‬

‫ﺗﺸﲑ ﺇﱃ ﺿﻌﻒ ﺍﻟﺰﺧﻢ ) ﺍﻟﻘﻮﺓ ﺍﻟﺪﺍﻓﻌﺔ ( ﻭﳝﻜﻦ ﺃﻥ ﺗﺰﻳﺪ ﻣﻦ ﻗﻮﺓ ﺍﻟﻨﻤﻮﺫﺝ‬ ‫‪Williams %R‬‬ ‫–‬ ‫‪StochRSI‬‬ ‫–‬ ‫‪Stochastics‬‬ ‫–‬ ‫‪RSI‬‬ ‫–‬
‫ﻳﺰﻳﺪ ﺍﻟﺘﺄﻛﻴﺪ ﻣﺜﻠﻪ ﻣﺜﻞ ﺍﻟﻌﺒﻮﺭ‬ ‫‪MACD‬‬ ‫ﻭ ﺍﻟـ‬ ‫‪PPO‬‬ ‫ﰲ ﺍﻟـ‬ ‫‪Moving Average‬‬ ‫ﺍﳌﺘﺸﺎﺋﻢ ﺍﻟﻌﻜﺴﻲ‪ ،‬ﺑﺎﻹﺿﺎﻓﺔ ﺇﱃ ﺫﻟﻚ ﻓﺎﻥ ﺍﻟﻌﺒﻮﺭ ﺍﳍﺎﺑﻂ ﻟﻠـ‬
‫ﺍﳍﺎﺑﻂ ﻟـ ‪ ) trigger‬ﺍﳋﻂ ﺍﻟﺼﻐﲑ ﺍﳌﺮﺍﻓﻖ ﻟﻠﻤﺆﺷﺮ ( ﺑﺎﻟﻨﺴﺒﺔ ﻟـ ‪..Stochastic Oscillator‬‬
‫‪ -3‬ﺗﺪﻓﻖ اﻟﻤﺎل‪:‬‬
‫ﺍﳌﺆﺷﺮﺍﺕ‬ ‫ﻫــﺬﻩ‬ ‫ﺍﻟﺒﻴﻊ‪،‬‬ ‫ﺿﻐــﻂ‬ ‫(‬ ‫ﺍﻟﺘﺪﺍﻭﻝ ﳌﻌﺮﻓﺔ ﻧﻮﺑﺔ ) ﻓﻮﺭﺓ‬ ‫ﺣﺠﻢ‬ ‫ﻣﺆﺷﺮﺍﺕ‬ ‫ﻗﻮﺍﻋﺪ‬ ‫ﺍﺳﺘﺨﺪﻡ‬
‫ﳝﻜﻦ ﺃﻥ ﺗﺴﺘﺨﺪﻡ‬ ‫‪Accumulation/Distribution Line‬‬ ‫–‬ ‫)‪Chaikin Money Flow (CMF‬‬ ‫–‬ ‫)‪On Balance Volume (OBV‬‬

‫ﻻﻛﺘﺸﺎﻑ ﺍﻻﳓﺮﺍﻓﺎﺕ ﺍﻟﺴﺎﻟﺒﺔ ﺃﻭ ﺿﻐﻂ ﺑﻴﻊ ﻣﻔﺮﻁ ﺣﻘﹰﺎ ﻭﺫﻟﻚ ﺑﺎﻻﲢﺎﺩ ﻣﻊ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ‪ ،‬ﺍﻟﻘﻮﺓ ﰲ ﺃﻱ ﺃﺩﺍﺓ ﻣﻦ ﻫﺬﻩ ﺍﻷﺩﻭﺍﺕ ﺳﻮﻑ ﺗﺰﻳﺪ ﻣﻦ ﻗﻮﺓ‬
‫ﺍﻻﻧﻌﻜﺎﺱ ﻭﻛﻞ ﻫﺬﻩ ﺍﻷﺩﻭﺍﺕ ) ﺍﻟﺴﻤﺎﺕ ( ﳝﻜﻦ ﺃﻥ ﺗﺘﺤﺪ ﻟﺘﻌﻄﻲ ﺇﺷﺎﺭﺓ ﻋﻈﻤﻰ ﳝﻜﻦ ﺍﻻﻋﺘﻤﺎﺩ ﻋﻠﻴﻬﺎ‪..‬‬
‫) ﻣﻼﺣﻈﺔ‪ :‬ﻟﻠﺘﻌﺮﻑ ﻋﻠﻰ ﳕﺎﺫﺝ ﺍﻟﺸﻤﻮﻉ ﺍﳌﺘﻔﺎﺋﻠﺔ ﻭﺍﳌﺘﺸﺎﺋﻤﺔ ﺑﺈﻣﻜﺎﻧﻚ ﺍﻹﻃﻼﻉ ﻋﻠﻰ ﺍﳌﻠﺤﻖ ﺍﳋﺎﺹ ﺑﻨﻤﺎﺫﺝ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ (‬

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 ‫◊ ﻣﻔﺎﺗﻴﺢ و ﻣﻼﺣﻈﺎت ﻟﺘﺴﻬﻴﻞ ﻓﻬﻢ اﻟﻨﻤﺎذج اﻟﻤﺘﻔﺎﺋﻠﺔ واﻟﻤﺘﺸﺎﺋﻤﺔ‪:‬‬
‫ﺍﻟﺸﻤﻌﺔ ﺫﺍﺕ ﺍﻟﻠﻮﻥ ﺍﻷﺑﻴﺾ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ﺍﺑﻴﺾ ﺳﻌﺮ ﺍﻹﻏﻼﻕ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻪ ﺃﻋﻠﻰ ﻣﻦ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ‪.‬‬ ‫™‬

‫ﺍﻟﺸﻤﻌﺔ ﺫﺍﺕ ﺍﻟﻠﻮﻥ ﺍﻷﺳﻮﺩ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ﺃﺳﻮﺩ ﺳﻌﺮ ﺍﻹﻏﻼﻕ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻪ ﺍﻗﻞ ﻣﻦ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ‪.‬‬ ‫™‬

‫ﺍﻟﺸﻤﻌﺔ ﺫﺍﺕ ﺍﻟﻠﻮﻥ ﺍﻟﺮﻣﺎﺩﻱ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ﺍﺑﻴﺾ ﺃﻭ ﻳﻮﻡ ﺍﺳﻮﺩ ﻭﻟﻴﺲ ﻣﻬﻢ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﻨﻤﻮﺫﺝ ﺍﻟﺬﻱ ﳛﺘﻮﻱ ﻋﻠﻰ ﴰﻌﺔ ‪‬ـﺬﺍ ﺍﻟﻠـﻮﻥ ﺃﻥ ﺗﻜـﻮﻥ‬ ‫™‬

‫ﺍﻟﺸﻤﻌﺔ ﺫﺍﺕ ﺍﻟﻠﻮﻥ ﺍﻟﺮﻣﺎﺩﻱ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ﺍﺑﻴﺾ ﺃﻭ ﻳﻮﻡ ﺍﺳﻮﺩ‪.‬‬

‫ﳛﺘﻮﻱ ﻫﺬﺍ ﺍﳌﻠﺤﻖ ﻋﻠﻰ ‪ 34‬ﳕﻮﺫﺝ ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ ( ﻭﻋﻠﻰ ‪ 34‬ﳕﻮﺫﺝ ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ ( ﻭﰲ ﻛﻞ ﳕﻮﺫﺝ ﺳﻮﻑ ﻧـﺴﺘﻌﺮﺽ‬ ‫™‬

‫ﺍﻟﻌﺪﻳﺪ ﻣﻦ ﺍﻟﻨﻘﺎﻁ ﻭﻫﻲ ‪:‬‬

‫‪ -‬ﺍﻟﻨﻤﻮﺫﺝ ‪ :‬ﻣﻌﻨﺎﻩ ﻧﻮﻉ ﺍﻟﻨﻤﻮﺫﺝ ﻓﻬﻨﺎﻙ ﳕﺎﺫﺝ ﺍﻧﻌﻜﺎﺳﻴﺔ ﲟﻌﲎ ﺍﻧﻪ ﺇﺫﺍ ﻛﺎﻥ ﺳﻌﺮ ﺍﻟﺴﻬﻢ ﻳﺘﺠﻪ ﻟﻠﺼﻌﻮﺩ ﻓﺎﻧﻪ ﺳﻮﻑ ﻳﻨﻌﻜﺲ ﻭﻳﺘﺠﻪ ﻟﻠـﻬﺒﻮﻁ‬
‫ﻭﺇﺫﺍ ﻛﺎﻥ ﰲ ﺣﺎﻟﺔ ﻫﺒﻮﻁ ﻓﺎﻧﻪ ﺳﻮﻑ ﻳﻨﻌﻜﺲ ﻭﻳﺘﺠﻪ ﻟﻠﺼﻌﻮﺩ ﻭﻫﻨﺎﻙ ﳕﺎﺫﺝ ﻣﻮﺍﺻﻠﺔ ﲟﻌﲎ ﺍﻧﻪ ﺇﺫﺍ ﻛﺎﻥ ﺍﻟﺴﻬﻢ ﰲ ﺣﺎﻟﺔ ﺻﻌﻮﺩ ﻓﺎﻧﻪ ﺳـﻮﻑ ﻳـﺴﺘﻤﺮ ﰲ‬
‫ﺍﻟﺼﻌﻮﺩ ﻭﺇﺫﺍ ﻛﺎﻥ ﰲ ﺣﺎﻟﺔ ﻫﺒﻮﻁ ﻓﺎﻧﻪ ﺳﻮﻑ ﻳﺴﺘﻤﺮ ﰲ ﺍﳍﺒﻮﻁ‪...‬‬
‫‪ -‬ﺍﻟﱰﻋﺔ ‪ :‬ﻫﻨﺎﻙ ﻧﻮﻋﺎﻥ ﻣﻦ ﺍﻟﻨﻤﺎﺫﺝ ﻣﻦ ﺣﻴﺚ ﺍﻟﱰﻋﺔ ﻓﺎﻟﻨﻤﻮﺫﺝ ﻳﻜﻮﻥ ﺇﻣﺎ ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ ( ﺃﻭ ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‪..‬‬
‫‪ -‬ﺍﻟﺜﻘﺔ ‪ :‬ﰎ ﺗﺼﻨﻴﻒ ﺍﻟﻨﻤﺎﺫﺝ ﻣﻦ ﺣﻴﺚ ﻗﻮ‪‬ﺎ ﻭﻣﺼﺪﺍﻗﻴﺘﻬﺎ ﻭﺩﺭﺟﺔ ﺍﻻﻋﺘﻤﺎﺩ ﻋﻠﻴﻬﺎ ﺇﱃ ﺛﻼﺙ ﺃﻧﻮﺍﻉ ﻭﻫﻲ ﳕﺎﺫﺝ ﻋﺎﻟﻴﺔ ﺍﻟﺜﻘﺔ ﻭﳕﺎﺫﺝ ﻣﺘﻮﺳﻄﺔ‬
‫ﺍﻟﺜﻘﺔ ﻭﳕﺎﺫﺝ ﺿﻌﻴﻔﺔ ﺍﻟﺜﻘﺔ‪..‬‬
‫‪ -‬ﻋﺪﺩ ﺍﻟﺸﻤﻮﻉ ‪ :‬ﻋﺪﺩ ﺍﻟﺸﻤﻮﻉ ﺍﻟﱵ ﻳﺘﻜﻮﻥ ﻣﻨﻬﺎ ﺍﻟﻨﻤﻮﺫﺝ ) ﺍﳌﺆﺷﺮ (‪..‬‬
‫‪ -‬ﺩﻣﺞ ﺍﻟﻨﻤﻮﺫﺝ ‪ :‬ﻳﺘﻢ ﻭﺻﻒ ﺍﶈﺼﻠﺔ ﺍﻟﻨﻬﺎﻳﺔ ﻟﻠﻨﻤﻮﺫﺝ ﺑﻌﺪ ﺩﳎﻪ ﻭﺫﻟﻚ ﻋﻨﺪ ﺗﻄﺒﻴﻖ ﻗﻮﺍﻋﺪ ﺍﻟﺪﻣﺞ ﻋﻠﻴﻪ ﲝﻴﺚ ﻧﻠﺨﺺ ﺍﻟﻨﻤـﻮﺫﺝ ﰲ ﴰﻌـﺔ‬
‫ﻭﺍﺣﺪﺓ ﺗﺴﺎﻋﺪ ﻋﻠـﻰ ﻓﻬـﻢ ﺍﻟﻨﻤـﻮﺫﺝ ﺑـﺸﻜﻞ ﺃﻓـﻀﻞ‪ ،‬ﻓﻬﻨـﺎﻙ ﳕـﺎﺫﺝ ﻋﻨـﺪ ﺩﳎﻬـﺎ ﺗﻌﻄـﻲ ﴰـﻮﻉ ﻣﻔـﺮﺩﺓ ﻣﻌﺮﻭﻓـﺔ ﻭﻣﻔﻬﻮﻣـﺔ ﻣﺜـﻞ‬
‫‪ Three‬ﻋﻨﺪ ﺩﳎﻪ ﻳﻌﻄﻲ ﴰﻌـﺔ ‪ Hammer‬ﻭﻫـﺬﻩ ﺍﻟـﺸﻤﻌﺔ ﻣﻌﺮﻭﻓـﺔ ﺃ‪‬ـﺎ ﻋﺒـﺎﺭﺓ ﻋـﻦ ﻋﻤﻠﻴـﺔ ﺍﻧﻌﻜـﺎﺱ‬ ‫‪Inside Up Bullish‬‬ ‫ﳕﻮﺫﺝ‬
‫ﻣﺘﻔﺎﺋﻠﺔ ) ﻣﺘﻮﻗﻌﺔ ﻟﻠﺼﻌﻮﺩ ( ﻭﻫﻜﺬﺍ‪...‬‬
‫‪ -‬ﻭﺻﻒ ﺍﻟﻨﻤﻮﺫﺝ ‪ :‬ﻋﺒﺎﺭﺓ ﻋﻦ ﻋﻤﻠﻴﺔ ﻭﺻﻒ ﻟﻠﺸﻤﻮﻉ ﺍﻟﱵ ﻳﺘﻜﻮﻥ ﻣﻨﻬﺎ ﺍﻟﻨﻤﻮﺫﺝ ﻣﻦ ﺣﻴﺚ ﺷﻜﻠﻬﺎ ﻭﻧﻮﻋﻬﺎ‪..‬‬
‫‪ -‬ﺗﻔﺴﲑ ﺍﻟﻨﻤﻮﺫﺝ ‪ :‬ﺷﺮﺡ ﳌﻌﲎ ﺍﻟﻨﻤﻮﺫﺝ ﻭﲢﻠﻴﻠﻪ‪...‬‬

‫ﺍﳌﺆﺷﺮ‪ :‬ﰲ ﺍﻟﻨﻤﺎﺫﺝ ﺍﳋﺎﺻﺔ ﺑﺎﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ ﻧﻌﲏ ﺑﻜﻠﻤﺔ ﺍﳌﺆﺷﺮ ﻋﺪﺓ ﴰﻮﻉ ﻣﻊ ﺑﻌﻀﻬﺎ ﺗﻜﻮﻥ ﳕﻮﺫﺝ ﺳﻮﺍ ًﺀ ﻛﺎﻥ ﻋﺪﺩﻫﺎ ﺍﺛﻨﲔ ﺃﻭ ﺛﻼﺛﺔ ﺃﻭ ﺃﺭﺑﻌـﺔ‬ ‫™‬

‫ﴰﻮﻉ ﺃﻭ ﺃﻛﺜﺮ‪...‬‬

‫ﰲ ‪‬ﺎﻳﺔ ﺍﳌﻠﺤﻖ ﺍﳋﺎﺹ ﺑﺎﻟﻨﻤﺎﺫﺝ ﺍﳌﺘﻔﺎﺋﻠﺔ ﻭﺍﳌﺘﺸﺎﺋﻤﺔ ﻳﻮﺟﺪ ﻣﻠﺨﺺ ﳛﺘﻮﻱ ﻋﻠﻰ ﲨﻴﻊ ﺍﻟﻨﻤﺎﺫﺝ ﺍﻟﱵ ﰎ ﺫﻛﺮﻫﺎ ﰲ ﻫـﺬﺍ ﺍﻟﻘـﺴﻢ ﺳـﻮﺍ ًﺀ ﺍﳌﺘﻔﺎﺋﻠـﺔ‬ ‫™‬

‫ﺃﻭ ﺍﳌﺘﺸﺎﺋﻤﺔ ﻣﺮﺗﺒﺔ ﺣﺴﺐ ﺍﻟﺜﻘﺔ ﺇﱃ ﺛﻼﺛﺔ ﺃﻗﺴﺎﻡ ﻭﺫﻟﻚ ﺣﱴ ﻳﺴﻬﻞ ﺍﻟﺮﺟﻮﻉ ﺇﻟﻴﻬﺎ‪...‬‬

‫ﺗﺬﻛﺮ ﰲ ﻛﻞ ﺍﻷﺣﻮﺍﻝ ﺃﻥ ﺧﺮﺍﺋﻂ ﺍﻟﺸﻤﻮﻉ ﺍﻟﻴﺎﺑﺎﻧﻴﺔ ﺃﺩﺍﺓ ﻣﻦ ﺃﺩﻭﺍﺕ ﺍﻟﺘﺤﻠﻴﻞ ﺍﻟﻔﲏ ﻭﻗﺮﺍﺀﺓ ﺧﺮﺍﺋﻂ ﺍﻷﺳﻬﻢ ﺃﻭ ﺍﻟﻌﻤﻼﺕ ﻟﺬﻟﻚ ﳚﺐ ﻋﻠﻴﻚ ﺩﺍﺋﻤـﹰﺎ‬ ‫™‬

‫ﺍﺳﺘﺨﺪﺍﻡ ﺍﻛﱪ ﻗﺪﺭ ﳑﻜﻦ ﻣﻦ ﺃﺩﻭﺍﺕ ﺍﻟﺘﺤﻠﻴﻞ ﺍﻟﻔﲏ ﻣﻊ ﺑﻌﻀﻬﺎ ﺍﻟﺒﻌﺾ ﺣﱴ ﺗﺼﻞ ﺇﱃ ﻗﺮﺍﺭﺍﺕ ﺃﻛﺜﺮ ﻣﻮﺛﻮﻗﻴﺔ ‪ ،‬ﻭﺗﺬﻛﺮ ﺃﻥ ﺍﺳﺘﺨﺪﺍﻣﻚ ﻷﻱ ﻧـﻮﻉ‬
‫ﻣﻦ ﺃﻧﻮﺍﻉ ﺍﻟﺘﺤﻠﻴﻞ ﺳﻮﺍ ًﺀ ﺍﻟﻔﲏ ) ﻗﺮﺍﺀﺓ ﺍﳋﺮﺍﺋﻂ ﻭﺍﳌﺆﺷﺮﺍﺕ ( ﺃﻭ ﺍﻟﺘﺤﻠﻴﻞ ﺍﻷﺳﺎﺳﻲ ) ﻗﺮﺍﺀﺓ ﺍﻟﻘﻮﺍﺋﻢ ﺍﳌﺎﻟﻴﺔ ﻭﲢﻠﻴﻠﻬﺎ ( ﻻ ﻳﻌﲏ ﺑﺎﻟـﻀﺮﻭﺭﺓ ﺍﻧـﻚ‬
‫ﺳﻮﻑ ﺗﺘﺨﺬ ﺍﻟﻘﺮﺍﺭ ﺍﻟﺼﺎﺋﺐ ﺩﺍﺋﻤﹰﺎ ﻓﻔﻲ ﺍﻟﺘﺤﻠﻴﻞ ﺍﻟﻔﲏ ﺑﺎﻟﺬﺍﺕ ﻗﺪ ﺗﻘﻮﻡ ﺑﺘﺤﻠﻴﻞ ﻭﺍﺳﺘﺨﺪﺍﻡ ﲨﻴﻊ ﺍﻷﺩﻭﺍﺕ ﺍﻟﻼﺯﻣـﺔ ﻟﻜـﻦ ﺍﻟﻘـﺮﺍﺭ ﰲ ﺍﻟﻨﻬﺎﻳـﺔ‬
‫ﻗﺪ ﻻ ﻳﻜﻮﻥ ﺻﺤﻴﺤﹰﺎ ﻻﻥ ﺍﻟﺘﺤﻠﻴﻞ ﺍﻟﻔﲏ ﻳﻌﺘﻤﺪ ﻋﻠﻰ ﻛﻞ ﺷﻲﺀ ) ﺍﳊﺎﻟﺔ ﺍﻟﻨﻔﺴﻴﺔ ﻟﻠﻤﺘﺪﺍﻭﻟﲔ – ﺍﻷﺧﺒﺎﺭ ﺍﳋﺎﺻﺔ ﺑﺎﻟﺸﺮﻛﺎﺕ ﺃﻭ ﺍﻟﺴﻮﻕ ﺃﻭ ﺍﻻﻗﺘﺼﺎﺩ‬
‫– ﺍﻷﺣﺪﺍﺙ ﺍﻟﺴﻴﺎﺳﻴﺔ ﻭﲨﻴﻊ ﻣﺎﻟﻪ ﻋﻼﻗﺔ ﺑﺎﻷﺳﻬﻢ ﺃﻭ ﺍﻟﻌﻤﻼﺕ ( ﻭﻫﺬﺍ ﻗﺪ ﻳﻜﻮﻥ ﺳﺒﺒﹰﺎ ﰲ ﺍﲣﺎﺫ ﺑﻌﺾ ﺍﻟﻘﺮﺍﺭﺍﺕ ﺍﳋﺎﻃﺌﺔ ﻭﻫﺬﺍ ﻻ ﻳﻌﲏ ﻋﺪﻡ ﻓﺎﻋﻠﻴﺔ‬
‫ﺍﻟﺘﺤﻠﻴﻞ ﺍﻟﻔﲏ ﺃﻭ ﺍﻷﺳﺎﺳﻲ ﻷﻧﻪ ﺣﺘﻤﹰﺎ ﻋﻠﻢ ﻭﻣﻨﻬﺞ ﰎ ﺗﺄﺳﻴﺴﻪ ﻣﻦ ﺧﻼﻝ ﺧﱪﺍﺕ ﻭﺳﻨﻮﺍﺕ ﻃﻮﻳﻠﺔ ﻟﺬﻟﻚ ﺗﻌﻠﻢ ﻭﻛﻦ ﻣﺘﻴﻘﻨﹰﺎ ﺑﺄﻥ ﺃﻱ ﺧﻄﺄ ﺗﺮﺗﻜﺒـﻪ ﰲ‬
‫ﺍﻟﺘﺤﻠﻴﻞ ﻗﺪ ﻳﻮﺛﺮ ﻋﻠﻰ ﺍﻟﻨﺘﻴﺠﺔ ﻭﺿﻊ ﰲ ﺍﳊﺴﺒﺎﻥ ﺩﺍﺋﻤﹰﺎ ﺑﺄﻧﻚ ﳚﺐ ﺃﻥ ﺗﺘﻌﻠﻢ ﻣﻦ ﺃﺧﻄﺎﺋﻚ ﺧﺼﻮﺻﹰﺎ ﰲ ﺍﻟﺒﺪﺍﻳﺔ‪...‬‬

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 ‫اﻟﻨﻤﺎذج اﻟﻤﺘﻔﺎﺋﻠﺔ ) اﻟﻤﺘﻮﻗﻌﺔ ﻟﻠﺼﻌﻮد (‪:‬‬
‫أ‪ -‬اﻟﻨﻤﺎذج اﻟﻤﺘﻔﺎﺋﻠﺔ ﻋﺎﻟﻴﺔ اﻟﺜﻘﺔ‪:‬‬
‫‪1- Abandoned Baby Bullish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻋﺎﻟﻴﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﺫﺍﺕ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﺸﻤﻌﺔ ﺍﻷﻭﱃ ) ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ( ﺗﻜﻮﻥ ﺩﺍﺋﻤﹰﺎ ﻋﺒﺎﺭﺓ ﻋﻦ ﴰﻌﺔ ﻃﻮﻳﻠﺔ ﺳﻮﺩﺍﺀ ﻭﺍﻟﺸﻤﻌﺔ ﺍﻟﺜﺎﻧﻴﺔ ) ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ( ﺗﻜﻮﻥ ﻋﺒﺎﺭﺓ ﻋﻦ ‪ Doji‬ﺗﻔﺘﺢ‬
‫ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﺳﻔﻞ ﺍﲡﺎﻩ ﺣﺮﻛﺔ ﺍﻟﺴﻌﺮ ﺍﻟﺴﺎﺑﻖ ) ﺭﺩﺓ ﻓﻌﻞ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ( ﻭﺍﻟﺸﻤﻌﺔ ﺍﻟﺜﺎﻟﺜﺔ ) ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ( ﺗﻜﻮﻥ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﻃﻮﻳﻠﺔ ﺗﻔﺘﺢ ﺑﻔﺠﻮﺓ‬
‫ﺇﱃ ﺃﻋﻠﻰ ﰲ ﺍﻻﲡﺎﻩ ﺍﳌﻌﺎﻛﺲ ) ﻓﻮﻕ ﺃﻋﻠﻰ ﺳﻌﺮ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠـ ‪ ( Doji‬ﻭﻟﻴﺲ ﳍﺎ ﻇﻼﻝ ﻣﺘﺪﺍﺧﻠﺔ ﻣﻊ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﳍﺎﺑﻂ ﺍﻟﺴﻮﻕ ﻳﻘﻮﻡ ﺑﺘﻌﺰﻳﺰ ﻫﺒﻮﻁ ﺍﻻﲡﺎﻩ ﺑﻮﺍﺳﻄﺔ ﻳﻮﻡ ﺍﺳﻮﺩ ﻃﻮﻳﻞ ﻭﺍﻓﺘﺘﺎﺡ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﺳﻔﻞ ﰲ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ‪ ،‬ﻭﻋﻠﻰ ﺃﻳﺔ ﺣﺎﻝ‬
‫ﺗﺪﺍﻭﻝ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﺿﻤﻦ ﻣﺪﻯ ) ﻧﻄﺎﻕ ( ﺻﻐﲑ ﻭﻳﻐﻠﻖ ﻋﻠﻰ ﺃﻭ ﺑﺎﻟﻘﺮﺏ ﻣﻦ ﺳﻌﺮ ﺍﻓﺘﺘﺎﺡ ﺫﻟﻚ ﺍﻟﻴﻮﻡ ﻭﻫﺬﺍ ﺍﻟﺴﻴﻨﺎﺭﻳﻮ ﻳﺒﲔ ﺑﺎﻟﺘﺄﻛﻴﺪ ﻋﻤﻠﻴﺔ ﲢﺴﻦ‬
‫ﳏﺘﻤﻞ ﰲ ﺍﻻﲡﺎﻩ ﻣﺜﻠﻪ ﻣﺜﻞ ﺍﻟﻌﺪﻳﺪ ﻣﻦ ﺍﳌﻮﺍﺿﻊ ) ﺍﳌﻮﺍﻗﻊ ( ﺍﻟﱵ ﺗﺘﻐﲑ ﻭﺗﺄﻛﻴﺪ ﻋﻤﻠﻴﺔ ﺍﻻﻧﻌﻜﺎﺱ ﰲ ﺍﻻﲡﺎﻩ ﺗﻌﻄﻰ ﰲ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﺍﻷﺑﻴﺾ ﻭﻳﻜﻮﻥ ﻭﺍﺿﺢ‬
‫ﺑﺸﻜﻞ ﺟﻴﺪ ﺑﻮﺍﺳﻄﺔ ﺍﻟـ ‪..Gap Up‬‬

‫‪2- Concealing Baby Swallow Bullish :‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻋﺎﻟﻴﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 4 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ‪ Marubozu‬ﺳﻮﺩﺍﺀ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺳﻮﺩﺍﺀ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ﺍﺳﻮﺩ ﻳﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﺳﻔﻞ ﻟﻜﻨﻪ ﻳﺘﻢ ﺗﺪﺍﻭﻟﻪ‬ ‫‪Marubozu‬‬ ‫ﺍﻟﻴﻮﻣﲔ ﺍﻷﻭﻝ ﻭﺍﻟﺜﺎﱐ ﻋﺒﺎﺭﺓ ﻋﻦ ﺃﻳﺎﻡ‬
‫ﺿﻤﻦ ﺟﺴﻢ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ‪ ،‬ﻭﺍﻟﻴﻮﻡ ﺍﻟﺮﺍﺑﻊ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ‪ Marubozu‬ﺳﻮﺩﺍﺀ ﻳﺒﺘﻠﻊ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﻻﲡﺎﻩ ﺍﻟﻨﺎﺯﻝ ﺍﻟﻘﻮﻱ ﻳﺘﻢ ﺗﺄﻛﻴﺪ ﺍﻟﱰﻭﻝ ﺑﻮﺍﺳﻄﺔ ﻳﻮﻣﲔ ‪ Marubozu‬ﺳﻮﺩﺍﺀ ﻭﺍﻓﺘﺘﺎﺡ ﺑﻔﺠﻮﺓ ﺇﱃ ﺍﻷﺳﻔﻞ ﺑﻮﺍﺳﻄﺔ ﻳﻮﻡ ﺍﺳﻮﺩ ﻳﺘﻢ ﺗﺪﺍﻭﻟﻪ‬
‫ﺿﻤﻦ ﺟﺴﻢ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ‪ ،‬ﻭﺍﻟﻴﻮﻡ ﺍﻷﺧﲑ ﻋﺒﺎﺭﺓ ﻋﻦ ‪ Marubozu‬ﺳﻮﺩﺍﺀ ﺃﺧﺮﻯ ﺗﺒﲔ ﻟﻠﻤﺴﺘﺜﻤﺮﻳﻦ ﺃﻥ ﺍﻟﺒﻴﻊ ﺗﻮﻗﻒ ﻭﻛﺄﻧﻪ ﺃﻏﻠﻖ ﰲ ﻗﺎﻉ ) ﺍﳔﻔﺎﺽ (‬
‫ﺟﺪﻳﺪ‪ ،‬ﻫﺬﺍ ﻳﺒﲔ ﺑﺪﺍﻳﺔ ﻟﺘﺤﺮﻙ ﺍﻟﺬﻳﻦ ﻳﻘﻮﻣﻮﻥ ﺑﺎﻟﺒﻴﻊ ﺍﳌﺴﺒﻖ ﻟﺘﻐﻄﻴﺔ ﺃﻭﺿﺎﻋﻬﻢ ﻭ ﺑﺎﻟﺘﺎﱄ ﺍﻟﺸﺮﺍﺀ ﻟﺘﻐﻄﻴﺔ ﺍﻟﺒﻴﻊ ﺍﳌﺴﺒﻖ ﻭﻳﺒﲔ ﺃﻳﻀﺎ ﺃﻥ ﺍﻧﻌﻜﺎﺱ‬
‫ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ ( ﳚﺐ ﺃﻥ ﻳﻨﺸﺄ‪..‬‬
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 ‫‪3- Kicking Bullish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻋﺎﻟﻴﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺘﲔ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﻃﻮﻳﻠﺔ ﺫﺍﺕ ﻇﻞ ﻃﻮﻳﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ ﻭﻟﻴﺲ ﳍﺎ ﻇﻞ ﻋﻠﻮﻱ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺳﻮﺩﺍﺀ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ‪ Marubozu‬ﺑﻴﻀﺎﺀ ﻳﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﻋﻠﻰ ﻓﻮﻕ ﺍﻓﺘﺘﺎﺡ ﺍﻟﻴﻮﻡ‬ ‫‪Marubozu‬‬ ‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻋﺒﺎﺭﺓ ﻳﻮﻡ‬
‫ﺍﻷﻭﻝ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﻌﺘﱪ ﺇﺷﺎﺭﺓ ﻗﻮﻳﺔ ﻭﻳﻮﺟﻪ ﺍﻟﺴﻮﻕ ﻟﻼﲡﺎﻩ ﺍﻟﺼﺎﻋﺪ ) ﺗﻔﺎﺅﻝ (‪ ،‬ﺍﳊﺮﻛﺔ ﺍﻟﺴﺎﺑﻘﺔ ﻟﻠﺴﻮﻕ ﻟﻴﺲ ﳍﺎ ﺃﳘﻴﺔ ﻣﻊ ﻫﺬﺍ ﺍﳌﺆﺷﺮ ﻋﻠﻰ‬
‫ﻋﻜﺲ ﺍﳌﺆﺷﺮﺍﺕ ﺍﻷﺧﺮﻯ‪..‬‬

‫‪4- Morning Doji Star Bullish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻋﺎﻟﻴﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺫﺍﺕ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ﺍﺳﻮﺩ ﻃﻮﻳﻞ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻋﺒﺎﺭﺓ ﻋﻦ ‪ Doji‬ﺗﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺇﱃ ﺍﻷﺳﻔﻞ ﺑﻌﻴﺪﹰﺍ ﻋﻦ ﺣﺮﻛﺔ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺴﺎﺑﻘﺔ ﻭﺍﻟﻴﻮﻡ‬
‫ﺍﻟﺜﺎﻟﺚ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ﺍﺑﻴﺾ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ ﺍﻟﺴﻮﻕ ﻳﻌﺰﺯ ﺍﻟﱰﻭﻝ ﺑﻴﻮﻡ ﺍﺳﻮﺩ ﻃﻮﻳﻞ ﻭﺍﻓﺘﺘﺎﺡ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﺳﻔﻞ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﻴﻮﻡ ﺍﻟﺜﺎﱐ‪ ،‬ﻋﻠﻰ ﺃﻳﺔ ﺣﺎﻝ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﺘﻢ‬
‫ﺗﺪﺍﻭﻟﻪ ﺿﻤﻦ ﻣﺪﻯ ﺻﻐﲑ ﻭﻳﻐﻠﻖ ﻋﻠﻰ ﺃﻭ ﺑﺎﻟﻘﺮﺏ ﻣﻦ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﻟﻨﻔﺲ ﺍﻟﻴﻮﻡ ﻭﻫﺬﺍ ﺍﻟﺴﻴﻨﺎﺭﻳﻮ ﻳﺒﲔ ﺇﻣﻜﺎﻧﻴﺔ ﺍﻟﺘﺤﺴﻦ ﰲ ﺍﻻﲡﺎﻩ ﻣﺜﻠﻪ ﻣﺜﻞ ﺍﻟﻌﺪﻳﺪ ﻣﻦ‬
‫ﺍﳌﻮﺍﺿﻊ ) ﺍﳌﻮﻗﻊ ( ﺍﻟﱵ ﺗﺘﻐﲑ‪ ،‬ﺗﺄﻛﻴﺪ ﻋﻜﺲ ﺍﻻﲡﺎﻩ ﻳﻌﻄﻰ ﺑﻮﺍﺳﻄﺔ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﺍﻷﺑﻴﺾ ﻭﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﻌﺘﱪ ﳕﻮﺫﺝ ‪ Doji Star‬ﳏﻘﻖ ﺑﺎﻟﻜﺎﻣﻞ ‪..‬‬

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 ‫‪5- Morning Star Bullish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻋﺎﻟﻴﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺫﺍﺕ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ﺍﺳﻮﺩ ﻃﻮﻳﻞ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ﺻﻐﲑ ﻳﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺇﱃ ﺍﻷﺳﻔﻞ ﺑﻌﻴﺪﹰﺍ ﻋﻦ ﺣﺮﻛﺔ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ‬
‫ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺑﻴﺾ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ ﺍﻟﺴﻮﻕ ﻳﻌﺰﺯ ﺍﻟﱰﻭﻝ ﺑﻴﻮﻡ ﺍﺳﻮﺩ ﻃﻮﻳﻞ ﻭﺍﻓﺘﺘﺎﺡ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﺳﻔﻞ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﻴﻮﻡ ﺍﻟﺜﺎﱐ‪ ،‬ﻋﻠﻰ ﺃﻳﺔ ﺣﺎﻝ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﺘﻢ‬
‫ﺗﺪﺍﻭﻟﻪ ﺿﻤﻦ ﻣﺪﻯ ﺻﻐﲑ ﻭﻳﻐﻠﻖ ﺑﺎﻟﻘﺮﺏ ﻣﻦ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﻟﻨﻔﺲ ﺍﻟﻴﻮﻡ ﻭﻫﺬﺍ ﺍﻟﺴﻴﻨﺎﺭﻳﻮ ﻳﺒﲔ ﺇﻣﻜﺎﻧﻴﺔ ﺍﻟﺘﺤﺴﻦ ﰲ ﺍﻻﲡﺎﻩ ﻣﺜﻠﻪ ﻣﺜﻞ ﺍﻟﻌﺪﻳﺪ ﻣﻦ‬
‫ﺍﳌﻮﺍﺿﻊ ) ﺍﳌﻮﻗﻊ ( ﺍﻟﱵ ﺗﺘﻐﲑ‪ ،‬ﺗﺄﻛﻴﺪ ﻋﻜﺲ ﺍﻻﲡﺎﻩ ﻳﻌﻄﻰ ﺑﻮﺍﺳﻄﺔ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﺍﻷﺑﻴﺾ ﻭﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﻌﺘﱪ ﳕﻮﺫﺝ ﳏﻘﻖ ﺑﺎﻟﻜﺎﻣﻞ‪..‬‬

‫‪6- Three Inside Up Bullish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻋﺎﻟﻴﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪Hammer‬‬ ‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻳﻜﻮﻥ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ﺍﺑﻴﺾ ﻣﻊ ﺇﻏﻼﻕ ﺃﻋﻠﻰ ﻣﻦ ﺇﻏﻼﻕ‬ ‫‪Bullish Harami‬‬ ‫ﰲ ﺍﻟﻴﻮﻣﲔ ﺍﻷﻭﻝ ﻭﺍﻟﺜﺎﱐ ﻳﻈﻬﺮ ﳕﻮﺫﺝ ﺍﻟـ‬
‫ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﺍﻟﻘﻴﺎﺳﻲ ) ﺍﻟﻌﺎﺩﻱ ( ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻳﻜﻮﻥ ﺗﺄﻛﻴﺪ‬ ‫‪Harami‬‬ ‫ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﻜﻮﻥ ﻋﺒﺎﺭﺓ ﻋﻦ ﻣﻮﺛﻮﻗﻴﺔ ﺇﺿﺎﻓﻴﺔ ﺃﻛﺜﺮ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻨﻤﻮﺫﺝ ﺍﻟـ‬
‫ﺑﺎﻟﻨﺴﺒﺔ ﻻﻧﻌﻜﺎﺱ ﺍﻻﲡﺎﻩ ‪..‬‬

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 ‫‪7- Three Outside Up Bullish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻋﺎﻟﻴﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪Hammer‬‬ ‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﰲ ﺍﻟﻴﻮﻣﲔ ﺍﻷﻭﻝ ﻭﺍﻟﺜﺎﱐ ﻳﻈﻬﺮ ﳕﻮﺫﺝ ﺍﻟـ ‪ ، Bullish Engulfing‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻳﻜﻮﻥ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ﺍﺑﻴﺾ ﻣﻊ ﺇﻏﻼﻕ ﺃﻋﻠﻰ ﻣﻦ ﺇﻏﻼﻕ‬
‫ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﻜﻮﻥ ﻋﺒﺎﺭﺓ ﻋﻦ ﻣﻮﺛﻮﻗﻴﺔ ﺇﺿﺎﻓﻴﺔ ﺃﻛﺜﺮ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻨﻤﻮﺫﺝ ﺍﻟـ ‪ Engulfing‬ﺍﻟﻘﻴﺎﺳﻲ ) ﺍﻟﻌﺎﺩﻱ (‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻳﻜﻮﻥ ﺗﺄﻛﻴﺪ‬
‫ﺑﺎﻟﻨﺴﺒﺔ ﻻﻧﻌﻜﺎﺱ ﺍﻻﲡﺎﻩ ﺍﻟﺼﺎﻋﺪ ) ﺍﳌﺘﻔﺎﺋﻞ ( ‪..‬‬

‫‪8- Mat Hold Bullish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﻣﻮﺍﺻﻠﺔ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻋﺎﻟﻴﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 5 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﻃﻮﻳﻠﺔ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ﺍﺑﻴﺾ ﻃﻮﻳﻞ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﻋﻠﻰ ﻭﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺮﺍﺑﻊ‬
‫ﻋﺒﺎﺭﺓ ﻋﻦ ﴰﻮﻉ ﳍﺎ ﺃﺟﺴﺎﻡ ﺣﻘﻴﻘﻴﺔ ﺻﻐﲑﺓ ﻭﺗﻨﺘﺞ ﻣﻠﺨﺺ ﻟﻨﻤﻮﺫﺝ ﺍﲡﺎﻩ ﺗﺪﺍﻭﻝ ﻧﺎﺯﻝ ﻭﻟﻜﻨﻬﺎ ﺗﺒﻘﻰ ﺿﻤﻦ ﻣﺪﻯ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﳋﺎﻣﺲ ﻳﻜﻮﻥ ﺍﺑﻴﺾ‬
‫ﻃﻮﻳﻞ ﻭﻳﻐﻠﻖ ﻓﻮﻕ ﺍﻹﻏﻼﻕ ﺍﳋﺎﺹ ﺑﺎﻟﻴﻮﻡ ﺍﻷﻭﻝ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻣﺸﺎﺑﻪ ﻟﻨﻤﻮﺫﺝ ﺍﻟـ ‪ ، Rising Three Methods‬ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ ﻳﻈﻬﺮ ﻳﻮﻡ ﺍﺑﻴﺾ ﻃﻮﻳﻞ ﻳﻜﻮﻥ ﻣﺘﺒﻮﻉ ﺑﺜﻼﺙ‬
‫ﺃﻳﺎﻡ ﺫﺍﺕ ﺃﺟﺴﺎﻡ ﺻﻐﲑﺓ ﻭﺗﻜﻮﻥ ﺳﺎﻗﻄﺔ ﺩﺍﺧﻞ ﺍﲡﺎﻩ ﺗﺪﺍﻭﻝ ﻧﺎﺯﻝ ﻗﺼﲑ ﻭﰲ ﺍﻟﻴﻮﻡ ﺍﳋﺎﻣﺲ ﻳﺪﺧﻞ ﺍﻟﺜﲑﺍﻥ ) ﺍﳌﺸﺘﺮﻳﻦ ( ﺑﻘﻮﺓ ﻟﻺﻏﻼﻕ ﰲ‬
‫ﺍﺭﺗﻔﺎﻉ )ﻗﻤﺔ( ﺟﺪﻳﺪ ‪ ،‬ﻭﻫﺬﺍ ﻳﺒﲔ ﺣﺪﻭﺙ ﳏﺎﻭﻻﺕ ﻟﻌﻜﺲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﻟﻜﻨﻬﺎ ﻓﺸﻠﺖ ﻭﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ ) ﺍﳌﺘﻔﺎﺋﻞ ( ﳚﺐ ﺃﻥ ﻳﺴﺘﻤﺮ ‪..‬‬

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 ‫‪9- Rising Three Methods Bullish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﻣﻮﺍﺻﻠﺔ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻋﺎﻟﻴﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 5 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﻃﻮﻳﻠﺔ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ﺍﺑﻴﺾ ﻃﻮﻳﻞ ﻭ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺮﺍﺑﻊ ﻋﺒﺎﺭﺓ ﻋﻦ ﴰﻮﻉ ﳍﺎ ﺃﺟﺴﺎﻡ ﺣﻘﻴﻘﻴﺔ ﺻﻐﲑﺓ ﻭﺗﻨﺘﺞ ﻣﻠﺨﺺ‬
‫ﻟﻨﻤﻮﺫﺝ ﺍﲡﺎﻩ ﺗﺪﺍﻭﻝ ﻧﺎﺯﻝ ﻭﻟﻜﻨﻬﺎ ﺗﺒﻘﻰ ﺿﻤﻦ ﻣﺪﻯ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﳋﺎﻣﺲ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺑﻴﺾ ﻃﻮﻳﻞ ﻭﻳﻐﻠﻖ ﻓﻮﻕ ﺍﻹﻏﻼﻕ ﺍﳋﺎﺹ ﺑﺎﻟﻴﻮﻡ ﺍﻷﻭﻝ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫‪ ،Mat‬ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ ﻳﻈﻬﺮ ﻳﻮﻡ ﺍﺑﻴﺾ ﻃﻮﻳﻞ ﻳﻜﻮﻥ ﻣﺘﺒﻮﻉ ﺑﺜﻼﺙ ﺃﻳﺎﻡ ﺫﺍﺕ‬ ‫‪Hold‬‬ ‫ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻣﺸﺎﺑﻪ ﻟﻨﻤﻮﺫﺝ ﺍﻟـ‬
‫ﺃﺟﺴﺎﻡ ﺻﻐﲑﺓ ﻭﺗﻜﻮﻥ ﺳﺎﻗﻄﺔ ﺩﺍﺧﻞ ﺍﲡﺎﻩ ﺗﺪﺍﻭﻝ ﻧﺎﺯﻝ ﻗﺼﲑ ﻭﰲ ﺍﻟﻴﻮﻡ ﺍﳋﺎﻣﺲ ﻳﺪﺧﻞ ﺍﻟﺜﲑﺍﻥ ) ﺍﳌﺸﺘﺮﻳﻦ ( ﺑﻘﻮﺓ ﻟﻺﻏﻼﻕ‬
‫ﰲ ﺍﺭﺗﻔﺎﻉ ) ﻗﻤﺔ ( ﺟﺪﻳﺪ‪ ،‬ﻭﻫﺬﺍ ﺍﻻﲡﺎﻩ ﺍﻟﻨﺎﺯﻝ ﺍﻟﺼﻐﲑ ﺍﳌﻮﺟﻮﺩ ﺑﲔ ﻳﻮﻣﲔ ﺃﺑﻴﻀﲔ ﻃﻮﻳﻠﲔ ﻳﻜﻮﻥ ﻋﺒﺎﺭﺓ ﻋﻦ ﺍﺳﺘﺮﺍﺣﺔ ﻟﻠﻤﺴﺘﺜﻤﺮﻳﻦ ﻭﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ‬
‫ﺍﻟﺼﺎﻋﺪ ) ﺍﳌﺘﻔﺎﺋﻞ ( ﳚﺐ ﺃﻥ ﻳﺴﺘﻤﺮ‪..‬‬

‫‪10- Side By Side White Lines Bullish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﻣﻮﺍﺻﻠﺔ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻋﺎﻟﻴﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﻃﻮﻳﻠﺔ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ﺍﺑﻴﺾ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ﺍﺑﻴﺾ ﺃﻳﻀﹰﺎ ﻳﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺑﻌﻴﺪﺓ ﺇﱃ ﺃﻋﻠﻰ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ﺍﺑﻴﺾ ﻟﻪ‬
‫ﺗﻘﺮﻳﺒﹰﺎ ﻧﻔﺲ ﻃﻮﻝ ﺟﺴﻢ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻭﻳﻐﻠﻖ ﻣﺜﻞ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ ﺗﻈﻬﺮ ﺛﻼﺙ ﺃﻳﺎﻡ ﺑﻴﻀﺎﺀ ﻣﻊ ﻓﺠﻮﺓ ﺇﱃ ﺃﻋﻠﻰ ﺑﲔ ﺍﻟﻴﻮﻣﲔ ﺍﻷﻭﻝ ﻭﺍﻟﺜﺎﱐ ﻭﺗﻜﻮﻥ ﺍﻟﺜﻼﺙ ﺃﻳﺎﻡ ﻣﺘﺸﺎ‪‬ﺔ ﰲ ﻃﻮﻝ‬
‫ﺍﳉﺴﻢ‪ ،‬ﻭﺍﻹﻏﻼﻕ ﺑﺎﻟﻨﺴﺒﺔ ﻵﺧﺮ ﻳﻮﻣﲔ ﻳﻜﻮﻥ ﻣﺘﻤﺎﺛﻞ ﻭﻫﺬﺍ ﻳﻮﺣﻲ ) ﻳﺸﲑ ( ﺇﱃ ﺑﻨﺎﺀ ﻣﺆﻛﺪ ﺑﺎﻟﻨﺴﺒﺔ ﻻﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ‪..‬‬

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 ‫‪11- Three White Soldiers Bullish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻋﺎﻟﻴﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﻃﻮﻳﻠﺔ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﻇﻬﻮﺭ ﺛﻼﺙ ﺃﻳﺎﻡ ﺑﻴﻀﺎﺀ ﻭﻛﻞ ﻳﻮﻡ ﻟﻪ ﺇﻏﻼﻕ ﺃﻋﻠﻰ ﻣﻦ ﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻟﺬﻱ ﻗﺒﻠﻪ‪ ،‬ﻛﻞ ﻳﻮﻡ ﻳﻔﺘﺢ ﺿﻤﻦ ﺟﺴﻢ ﺍﻟﻴﻮﻡ ﺍﻟﺬﻱ ﻗﺒﻠﻪ ﻭﻳﻐﻠﻖ ﺑﺎﻟﻘﺮﺏ‬
‫ﻣﻦ ﺃﻋﻠﻰ ﺳﻌﺮ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻨﻔﺲ ﺍﻟﻴﻮﻡ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ ﺗﻈﻬﺮ ﺛﻼﺙ ﺃﻳﺎﻡ ﺑﻴﻀﺎﺀ ﻃﻮﻳﻠﺔ ﻣﻊ ﺇﻏﻼﻗﺎﺕ ﺇﱃ ﺃﻋﻠﻰ ﻋﻠﻰ ﺍﻟﺘﻮﺍﱄ‪ ،‬ﻋﻤﻮﻣﹶﺎ ﻫﺬﺍ ﻳﺸﲑ ) ﻳﻮﺣﻲ ( ﺇﱃ ﺛﺒﺎﺕ ﺍﻟﺴﻮﻕ‬
‫ﰲ ﺍﳌﺴﺘﻘﺒﻞ ‪ ،‬ﻭﺑﻴﻨﻤﺎ ﻳﻜﻮﻥ ﺍﻻﻧﻌﻜﺎﺱ ﰲ ﲢﺴﻦ ﻓﺎﻧﻪ ﻳﺒﲏ ﻋﻠﻰ ﺧﻄﻮﺍﺕ ﺻﺎﻋﺪﺓ ﻣﻌﺘﺪﻟﺔ ‪..‬‬

‫ب‪ -‬اﻟﻨﻤﺎذج اﻟﻤﺘﻔﺎﺋﻠﺔ ﻣﺘﻮﺳﻄﺔ اﻟﺜﻘﺔ‪:‬‬

‫‪12- Breakaway Bullish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 5 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﻃﻮﻳﻠﺔ ﺫﺍﺕ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻳﻜﻮﻥ ﻳﻮﻡ ﻃﻮﻳﻞ ﺍﺳﻮﺩ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﻳﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﺳﻔﻞ ﲢﺖ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺮﺍﺑﻊ‬
‫ﺗﻮﺍﺻﻞ ﰲ ﻧﻔﺲ ﺍﲡﺎﻩ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻣﻊ ﺇﻏﻼﻕ ﻣﻨﺨﻔﺾ ﻭﻣﺘﺘﺎﱄ ﻟﻠﻴﻮﻣﲔ ﺍﻟﺜﺎﻟﺚ ﻭﺍﻟﺮﺍﺑﻊ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﳋﺎﻣﺲ ﻳﻜﻮﻥ ﻳﻮﻡ ﻃﻮﻳﻞ ﺍﺑﻴﺾ ﻭﻳﻐﻠﻖ ﺑﻌﻴﺪﹰﺍ ﺇﱃ ﺃﻋﻠﻰ ﺑﲔ‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ) ﺃﻋﻠﻰ ﻣﻦ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻭﺍﻗﻞ ﻣﻦ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ (‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ ﻳﺮﻯ ﺃﻥ ﺍﻷﺳﻌﺎﺭ ﻭﺻﻠﺖ ﺇﱃ ﺍﻟﻨﻬﺎﻳﺔ ) ﺍﻟﻘﺎﻉ ( ﻭﺃ‪‬ﺎ ﻏﲑ ﻣﺴﺘﻮﻳﺔ ﺃﻳﻀﹰﺎ ) ﻏﲑ ﺻﺤﻴﺤﺔ ( ﻭﺍﻟﻨﺘﻴﺠﺔ ﺗﻜﻮﻥ ﺍﻟﻴﻮﻡ ﺍﻷﺑـﻴﺾ‬
‫ﺍﻟﻄﻮﻳﻞ ﺍﻟﺬﻱ ﻻ ﻳﻐﻠﻖ ﺑﻌﻴﺪﹰﺍ ﻋﻦ ﺟﺴﻢ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻭﻫﺬﺍ ﻳﻠﻤﺢ ) ﻳﻮﺣﻲ ( ﺇﱃ ﻋﻤﻠﻴﺔ ﺍﻧﻌﻜﺎﺱ ﻗﺼﲑ ﺍﳌﺪﻯ‪..‬‬

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 ‫‪13- Engulfing Bullish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺘﲔ‬
‫‪Hammer‬‬ ‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﻇﻬﻮﺭ ﻳﻮﻡ ﺍﺳﻮﺩ ﻃﻮﻳﻞ ﻭ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﺍﺑﻴﺾ ﻭﻳﺒﺘﻠﻊ ﺍﳉﺴﻢ ﺍﳊﻘﻴﻘﻲ ﺍﻷﺳﻮﺩ ﻟﻠﻴﻮﻡ ﺍﻷﻭﻝ ﺑﺎﻟﻜﺎﻣﻞ ﻭﳚﺐ ﺃﻥ ﻻ ﻳﻜﻮﻥ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‬
‫ﻋﺒﺎﺭﺓ ﻋﻦ ‪ Doji‬ﺣﱴ ﻻ ﻳﻜﻮﻥ ﺳﻬﻞ ﺍﻻﺑﺘﻼﻉ‪ ،‬ﻟﻴﺲ ﻣﻬﻢ ﺃﻥ ﻳﺒﺘﻠﻊ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﺍﻟﻈﻼﻝ ﺍﳋﺎﺻﺔ ﺑﺎﻟﻴﻮﻡ ﺍﻷﻭﻝ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﺍﻻﺑﺘﻼﻉ ﻳﺼﻮﺭ ﺍﻓﺘﺘﺎﺡ ﰲ ﻗﺎﻉ ) ﺍﳔﻔﺎﺽ ( ﺟﺪﻳﺪ ﻳﻜﻮﻥ ﻣﺘﺒﻮﻉ ﺑﺸﺮﺍﺀ ﻋﺎﱄ ﻳﻐﻠﻖ ﻋﻠﻰ ﺃﻭ ﻓﻮﻕ ﺍﻓﺘﺘﺎﺡ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﻭﻫﺬﺍ ﺍﻻﺑﺘﻼﻉ‬
‫ﻳﻈﻬﺮ )ﳛﺪﺙ( ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ‪ ،‬ﻫﺬﺍ ﻳﺒﲔ ﺃﻥ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ ﻓﻘﺪ ﺍﻟﺰﺧﻢ ) ﺍﻟﻘﻮﺓ ﺍﻟﺪﺍﻓﻌﺔ ( ﻭ ﻳﺒﲔ ﺃﻳﻀﹰﺎ ﺃﻥ ﺍﻟﺜﲑﺍﻥ ) ﺍﳌﺸﺘﺮﻳﻦ ( ﻗﺪ‬
‫ﺍﻛﺘﺴﺒﻮﺍ ﺍﻟﻘﻮﺓ‪ ،‬ﺍﻻﺑﺘﻼﻉ ﺃﻳﻀﹰﺎ ﻳﻌﺘﱪ ﻣﺆﺷﺮ ﺍﻟـ ‪ Engulfing Bullish‬ﺍﻟﻴﻮﻣﲔ ﺍﻷﻭﻝ ﻭﺍﻟﺜﺎﱐ ﻣﻦ ﳕﻮﺫﺝ ‪..Three Outside‬‬

‫‪14- Dragonfly Doji ( UMBRELLA ) Bullish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺔ ﻭﺍﺣﺪﺓ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪- - - - - :‬‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﻫﺬﻩ ﺍﻟﺸﻤﻌﺔ ﺗﺘﻜﻮﻥ ﻋﻨﺪﻣﺎ ﻳﻜﻮﻥ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﻭﺃﻋﻠﻰ ﺳﻌﺮ ﻭﺳﻌﺮ ﺍﻹﻏﻼﻕ ﻣﺘﺴﺎﻭﻳﺔ ﻭﺃﺩﱏ ﺳﻌﺮ ﻳﺼﻨﻊ ﻇﻞ ﻃﻮﻳﻞ ﺳﻔﻠﻲ ﻭﺍﻟﻨﺘﻴﺠﺔ ﺗﻜﻮﻥ‬
‫ﻋﺒﺎﺭﺓ ﻋﻦ ﴰﻌﺔ ﺗﺸﺒﻪ ﺣﺮﻑ "‪ "T‬ﺫﺍﺕ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ ﻭﻻ ﻳﻮﺟﺪ ﳍﺎ ﻇﻞ ﻋﻠﻮﻱ ﰲ ﺍﻏﻠﺐ ﺍﻷﺣﻴﺎﻥ ﻭﺗﻈﻬﺮ ﻫﺬﻩ ﺍﻟﺸﻤﻌﺔ ﰲ ﺍﻟﻨﻬﺎﻳﺔ ﺍﻟﻌﻠﻴﺎ‬
‫ﳌﺪﻯ )ﳎﺎﻝ( ﺍﻟﺘﺪﺍﻭﻝ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﻫﺬﻩ ﺍﻟﺸﻤﻌﺔ ﺗﺸﲑ ﺇﱃ ﺃﻥ ﺍﻟﺒﺎﺋﻌﲔ ﺳﻴﻄﺮﻭﺍ ﻋﻠﻰ ﺍﻟﺘﺪﺍﻭﻝ ﻭﻗﺎﺩﻭﺍ ﺍﻟﺴﻌﺮ ﺇﱃ ﺃﺳﻔﻞ ﺃﺛﻨﺎﺀ ﺟﻠﺴﺔ ﺍﻟﺘﺪﺍﻭﻝ ﻭﺑﻨﻬﺎﻳﺔ ﺍﳉﻠﺴﺔ ﻇﻬﺮ ﺍﳌﺸﺘﺮﻭﻥ ﻭﺩﻓﻌﻮﺍ‬
‫ﺍﻟﺴﻌﺮ ﻟﻴﻌﻮﺩ ﺇﱃ ﻣﺴﺘﻮﻯ ﺍﻻﻓﺘﺘﺎﺡ ﻭﺍﳉﻠﺴﺔ ﺃﻏﻠﻘﺖ ﻋﻦ ﻫﺬﺍ ﺍﳌﺴﺘﻮﻯ ﻭﺿﻤﺎﻥ ﺍﻻﻧﻌﻜﺎﺱ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﻨﻤﻮﺫﺝ ﻳﻌﺘﻤﺪ ﻋﻠﻰ ﺣﺮﻛﺔ ﺍﻟﺴﻌﺮ ﺍﻟﺴﺎﺑﻘﺔ ﻭﺍﻟﺘﺄﻛﻴﺪ‬
‫ﺍﳌﺴﺘﻘﺒﻠﻲ‪ ،‬ﺍﻟﻈﻞ ﺍﻟﺴﻔﻠﻲ ﺍﻟﻄﻮﻳﻞ ﻳﻌﻄﻲ ﺍﻟﺸﺎﻫﺪ ﻋﻠﻰ ﺿﻐﻂ ﺍﻟﺸﺮﺍﺀ ﻟﻜﻦ ﺍﻗﻞ ﺳﻌﺮ ﻳﺸﲑ ﺇﱃ ﺃﻥ ﻫﻨﺎﻙ ﻋﺪﺩ ﻭﺍﻓﺮ ﻣﻦ ﺍﳌﺸﺘﺮﻳﻦ ﻻ ﻳﺰﺍﻟﻮﺍ ﺑﺎﺩﻳﻦ‬
‫ﻟﻠﻌﻴﺎﻥ‪ ،‬ﻭﺑﻌﺪ ﺍﻻﲡﺎﻩ ﺍﻟﻨﺎﺯﻝ ﺍﻟﻄﻮﻳﻞ ﺃﻭ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺴﻮﺩﺍﺀ ﺍﻟﻄﻮﻳﻠﺔ ﺃﻭ ﻣﻨﻄﻘﺔ ﺍﻟﺪﻋﻢ ﻫﺬﻩ ﺍﻟﺸﻤﻌﺔ ﺗﻌﺘﱪ ﺇﺷﺎﺭﺓ ﻟﻠﻘﺎﻉ ﺃﻭ ﻻﺣﺘﻤﺎﻝ ﺍﻧﻌﻜﺎﺱ‬
‫ﻣﺘﻔﺎﺋﻞ )ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ( ﻟﻼﲡﺎﻩ‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻣﺜﻞ ﺍﻟﻜﺜﲑ ﻣﻦ ﺍﻟﻨﻤﺎﺫﺝ ﳛﺘﺎﺝ ﺇﱃ ﺗﺄﻛﻴﺪ ﻭﻳﺄﰐ ﻫﺬﺍ ﺍﻟﺘﺄﻛﻴﺪ ﺑﻮﺍﺳﻄﺔ ﺍﻻﻓﺘﺘﺎﺡ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﻋﻠﻰ ﻭ ﺇﻏﻼﻕ‬
‫ﻋﺎﱄ ﺃﻳﻀﹰﺎ ﰲ ﻳﻮﻡ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻘﺎﺩﻡ‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﺸﺒﻪ ﳕﻮﺫﺝ ﺍﻟـ ‪ Hammer‬ﻟﻜﻦ ﻟﻪ ﻣﻮﺛﻮﻗﻴﺔ ﺃﻋﻠﻰ‪..‬‬

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 ‫‪15- Homing Pigeon Bullish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺘﲔ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﺫﺍﺕ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ﻃﻮﻳﻞ ﺍﺳﻮﺩ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﺍﺻﻐﺮ ﻣﻦ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﻭﻳﻜﻮﻥ ﺿﻤﻦ ﺟﺴﻢ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﻻﲡﺎﻩ ﺍﻟﻨﺎﺯﻝ ﺍﻟﺪﺑﺒﺔ ) ﺍﻟﺒﺎﺋﻌﲔ ( ﻳﻮﺍﺻﻠﻮﻥ ﺇﻛﻤﺎﻝ ﻃﺮﻳﻘﻬﻢ‪ ،‬ﻋﻠﻰ ﺃﻳﺔ ﺣﺎﻝ ﺍﻓﺘﺘﺎﺡ ﻭﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻧﺎﻥ ﺿﻤﻦ ﺟﺴﻢ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‬
‫ﻭﻳﺸﲑﺍﻥ ) ﻳﻠﻤﺤﺎﻥ ( ﺇﱃ ﺗﺂﻛﻞ ) ﺿﻌﻒ ( ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ ﻳﺘﺒﻌﻪ ﺗﻮﻗﻒ ﻟﻠﺒﻴﻊ ﻳﻜﻮﻥ ﻣﺘﺒﻮﻉ ﺑﺸﺮﺍﺀ ﻭﻫﺬﺍ ﳝﻜﻦ ﺃﻥ ﻳﺆﺩﻱ ﺇﱃ ﺍﻧﻌﻜﺎﺱ ﰲ ﺍﻻﲡﺎﻩ‪..‬‬

‫‪16- Gravestone Doji ( INVERTED UMBRELLA ) Bullish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺔ ﻭﺍﺣﺪﺓ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪- - - - - :‬‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﻫﺬﻩ ﺍﻟﺸﻤﻌﺔ ﺗﺘﻜﻮﻥ ﻋﻨﺪﻣﺎ ﻳﻜﻮﻥ ﺍﻻﻓﺘﺘﺎﺡ ﻭﺃﺩﱏ ﺳﻌﺮ ﻭﺍﻹﻏﻼﻕ ﻣﺘﺴﺎﻭﻳﺔ ﻭﺃﻋﻠﻰ ﺳﻌﺮ ﻳﺼﻨﻊ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ ﻭﺍﻟﻨﺘﻴﺠﺔ ﺗﻜﻮﻥ ﻋﺒﺎﺭﺓ ﻋﻦ‬
‫ﴰﻌﺔ ﺗﺸﺒﻪ ﺣﺮﻑ "‪ "T‬ﻣﻘﻠﻮﺏ ﻭ ﺫﺍﺕ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ ﻭﻟﻴﺲ ﳍﺎ ﻇﻞ ﺳﻔﻠﻲ ﻭﺗﺘﻜﻮﻥ ﻫﺬﻩ ﺍﻟﺸﻤﻌﺔ ﰲ ﺍﻟﻨﻬﺎﻳﺔ ﺍﻟﺴﻔﻠﻰ ﳌﺪﻯ ﺍﻟﺘﺪﺍﻭﻝ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﻫﺬﻩ ﺍﻟﺸﻤﻌﺔ ﺗﺸﲑ ﺇﱃ ﺃﻥ ﺍﳌﺸﺘﺮﻳﻦ ﺳﻴﻄﺮﻭﺍ ﻋﻠﻰ ﺍﻟﺘﺪﺍﻭﻝ ﻭﻗﺎﺩﻭﺍ ﺍﻟﺴﻌﺮ ﺇﱃ ﺃﻋﻠﻰ ﺃﺛﻨﺎﺀ ﺟﻠﺴﺔ ﺍﻟﺘﺪﺍﻭﻝ ﻭﻟﻜﻦ ﺑﻨﻬﺎﻳﺔ ﺍﳉﻠﺴﺔ ﻇﻬﺮ ﺍﻟﺒﺎﺋﻌﲔ‬
‫ﻭﺩﻓﻌﻮﺍ ﺍﻟﺴﻌﺮ ﻟﻴﻌﻮﺩ ﻣﺮﺓ ﺃﺧﺮﻯ ﺇﱃ ﻣﺴﺘﻮﻯ ﺍﻻﻓﺘﺘﺎﺡ ﻭﺍﳉﻠﺴﺔ ﺃﻏﻠﻘﺖ ﻋﻨﺪ ﺍﻗﻞ ﺳﻌﺮ ﻭ ﻫﺬﻩ ﺍﻟﺸﻤﻌﺔ ﻣﺜﻠﻬﺎ ﻣﺜﻞ ﺑﻘﻴﺔ ﺍﻟﺸﻤﻮﻉ ﺿﻤﺎﻥ ﺍﻻﻧﻌﻜﺎﺱ ﺑﺎﻟﻨﺴﺒﺔ‬
‫ﳍﺎ ﻳﻌﺘﻤﺪ ﻋﻠﻰ ﺣﺮﻛﺔ ﺍﻟﺴﻌﺮ ﺍﻟﺴﺎﺑﻘﺔ ﻭﺍﻟﺘﺄﻛﻴﺪ ﺍﳌﺴﺘﻘﺒﻠﻲ ‪ ،‬ﻭﻋﻠﻰ ﺍﻟﺮﻏﻢ ﻣﻦ ﺍﻟﻈﻞ ﺍﻟﻌﻠﻮﻱ ﺍﻟﻄﻮﻳﻞ ﻳﺸﲑ ﺇﱃ ﺳﻘﻮﻁ ﺣﻘﻴﻘﻲ ﺇﻻ ﺃﻥ ﺃﻋﻠﻰ ﺳﻌﺮ ﰲ ﺍﻟﻴﻮﻡ‬
‫ﻳﻌﻄﻲ ﺷﺎﻫﺪ ﻋﻠﻰ ﺑﻌﺾ ﺿﻐﻂ ﺍﻟﺸﺮﺍﺀ ‪ ،‬ﺑﻌﺪ ﺍﻻﲡﺎﻩ ﺍﻟﻨﺎﺯﻝ ﺍﻟﻄﻮﻳﻞ ﺃﻭ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺴﻮﺩﺍﺀ ﺍﻟﻄﻮﻳﻠﺔ ﺃﻭ ﻣﻨﻄﻘﺔ ﺍﻟﺪﻋﻢ ﻓﺎﻥ ﺍﻟﺘﺮﻛﻴﺰ ﻳﺘﺤﻮﻝ ﺇﱃ ﺷﺎﻫﺪ ﻋﻠﻰ‬
‫ﺿﻐﻂ ﺷﺮﺍﺀ ﻭﺍﺣﺘﻤﺎﻝ ﺍﻧﻌﻜﺎﺱ ﻣﺘﻔﺎﺋﻞ )ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ( ﰲ ﺍﻻﲡﺎﻩ ‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻣﺜﻞ ﺍﻟﻜﺜﲑ ﻣﻦ ﺍﻟﻨﻤﺎﺫﺝ ﳛﺘﺎﺝ ﺇﱃ ﺗﺄﻛﻴﺪ ﻭﻳﺄﰐ ﻫﺬﺍ ﺍﻟﺘﺄﻛﻴﺪ‬
‫ﻟﻜﻦ‬ ‫‪Inverted Hammer‬‬ ‫ﺑﺎﻻﻓﺘﺘﺎﺡ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﻋﻠﻰ ﻓﻮﻕ ﺟﺴﻢ ﻫﺬﻩ ﺍﻟﺸﻤﻌﺔ ﰲ ﻳﻮﻡ ﺍﻟﺘﺪﺍﻭﻝ ﻭﺍﻟﺘﺎﱄ ‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﺸﺒﻪ ﳕﻮﺫﺝ ﺍﻟـ‬
‫ﻟﻪ ﻣﻮﺛﻮﻗﻴﺔ ﺃﻋﻠﻰ ‪..‬‬

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 ‫‪17- Ladder Bottom Bullish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 5 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﺫﺍﺕ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﻇﻬﻮﺭ ﺛﻼﺙ ﺃﻳﺎﻡ ﺳﻮﺩﺍﺀ ﻭﺗﻜﻮﻥ ﺫﺍﺕ ﺍﻓﺘﺘﺎﺣﺎﺕ ﻭ ﺍﻏﻼﻗﺎﺕ ﻣﻨﺨﻔﻀﺔ ﻋﻠﻰ ﺍﻟﺘﻮﺍﱄ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺮﺍﺑﻊ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﻟﻪ ﻇﻞ ﻋﻠﻮﻱ ﻭﺍﻟﻴﻮﻡ‬
‫ﺍﳋﺎﻣﺲ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺑﻴﺾ ﻳﻔﺘﺢ ﻓﻮﻕ ﺟﺴﻢ ﺍﻟﻴﻮﻡ ﺍﻟﺮﺍﺑﻊ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﺍﻟﺬﻳﻦ ﻳﻘﻮﻣﻮﻥ ﺑﻌﻤﻠﻴﺔ ﺍﻟﺒﻴﻊ ﺍﳌﺴﺒﻖ ﳝﻜﻦ ﺃﻥ ﳛﺼﻠﻮﺍ ﻋﻠﻰ ﻓﺮﺻﺔ ﻟﻠﺒﻴﻊ ﻭﺍﺧﺬ ﺍﻷﺭﺑﺎﺡ ﰲ ﺍﻟﻴﻮﻡ ﺍﻟﺮﺍﺑﻊ ﻭﺫﻟﻚ ﰲ ﺍﻻﲡﺎﻩ ﺍﻟﻨﺎﺯﻝ ﺍﻟﻜﺒﲑ ﻭﻫﺬﺍ‬
‫ﻳﺆﺩﻱ ﺇﱃ ﺍﻓﺘﺘﺎﺡ ﺑﻔﺠﻮﺓ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﻴﻮﻡ ﺍﳋﺎﻣﺲ‪ ،‬ﺇﺫﺍ ﻛﺎﻥ ﺟﺴﻢ ﺍﻟﻴﻮﻡ ﺍﳋﺎﻣﺲ ﻃﻮﻳﻞ ﺃﻭ ﻛﺎﻥ ﺣﺠﻢ ﺍﻟﺘﺪﺍﻭﻝ ﻋﺎﱄ ﻓﺎﻥ ﻋﻤﻠﻴﺔ ﺍﻻﻧﻌﻜﺎﺱ‬
‫ﺍﻟﺼﺎﻋﺪﺓ ) ﺍﳌﺘﻔﺎﺋﻠﺔ ( ﺗﻜﻮﻥ ﳏﺘﻤﻠﺔ ﺍﳊﺪﻭﺙ‪..‬‬

‫‪18- Matching Low Bullish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺘﲔ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﻃﻮﻳﻠﺔ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ﺍﺳﻮﺩ ﻃﻮﻳﻞ ﻭ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﻣﻊ ﺇﻏﻼﻕ ﻣﺴﺎﻭﻱ ﻹﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ ﻳﻈﻬﺮ ﻳﻮﻣﺎﻥ ﺃﺳﻮﺩﺍﻥ ﻣﻊ ﺇﻏﻼﻕ ﻣﺘﺴﺎﻭﻱ ﻋﻠﻰ ﺍﻟﺘﻮﺍﱄ ﻭﻫﺬﺍ ﻳﻮﺣﻲ ) ﻳﺸﲑ ( ﺇﱃ ﺩﻋﻢ ﻗﺼﲑ ﺍﳌﺪﻯ ﻭﳝﻜﻦ ﺃﻥ ﻳﺴﺒﺐ‬
‫ﺍﻧﻌﻜﺎﺱ ﻟﻼﲡﺎﻩ ﰲ ﺍﻟﻴﻮﻡ ﺍﻟﺘﺎﱄ ﻟﻠﺘﺪﺍﻭﻝ‪..‬‬

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 ‫‪19- Meeting Lines Bullish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺘﲔ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﻃﻮﻳﻠﺔ ﺫﺍﺕ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ﺍﺳﻮﺩ ﻃﻮﻳﻞ ﻭﻟﻪ ﺟﺴﻢ ﻳﻜﻮﻥ ﲢﺖ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺴﺎﺑﻖ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺑﻴﺾ ﻃﻮﻳﻞ ﻭﻟﻪ ﺟﺴﻢ ﻳﻜﻮﻥ‬
‫ﺃﻳﻀﹰﺎ ﲢﺖ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺴﺎﺑﻖ‪ ،‬ﻛﻼ ﺍﻟﻴﻮﻣﲔ ﳍﻤﺎ ﺇﻏﻼﻕ ﻣﺘﻤﺎﺛﻞ ) ﻣﺘﺴﺎﻭﻱ (‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ ﻳﻈﻬﺮ ﻳﻮﻣﺎﻥ ﻳﻔﺘﺤﺎﻥ ﲢﺖ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺴﺎﺑﻖ ﻭﻋﻠﻰ ﺍﻟﺮﻏﻢ ﻣﻦ ﺃﻥ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻔﺘﺢ ﻣﻨﺨﻔﻀﹰﺎ ﺇﱃ ﺍﻧﻪ ﻳﺘﺤﺴﻦ ﻟﻴﻐﻠﻖ ﻋﻨﺪ‬
‫ﻧﻔﺲ ﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﻭﻫﺬﺍ ﻳﺸﲑ ﺇﱃ ﻋﻼﻣﺔ ﳕﻮﺫﺟﻴﺔ ُﻣﺤﺪﺩﺓ ﻣﻦ ﻗﺒﻞ ﺍﳌﺘﺪﺍﻭﻟﲔ ﻭﻋﻤﻠﻴﺔ ﺍﻧﻌﻜﺎﺱ ﳏﺘﻤﻠﺔ ﻟﻼﲡﺎﻩ‪..‬‬

‫‪20- Piercing Line Bullish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺘﲔ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﺫﺍﺕ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ﺍﺳﻮﺩ ﻃﻮﻳﻞ ﻭ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺑﻴﺾ ﻣﻊ ﺍﻓﺘﺘﺎﺡ ﲢﺖ ﺃﺩﱏ ﺳﻌﺮ ﻟﻠﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﻭﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ‬
‫ﺿﻤﻦ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻭﻟﻜﻦ ﻓﻮﻕ ﺍﳌﻨﺘﺼﻒ ﺑﺎﻟﻨﺴﺒﺔ ﳉﺴﻢ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ ﺍﻟﺴﻮﻕ ﻳﻔﺘﺢ ﺑﻔﺘﺢ ﺑﻌﻴﺪﹰﺍ ﺇﱃ ﺃﺳﻔﻞ ﻟﻜﻨﻪ ﻳﺘﺤﺴﻦ ﺑﻘﻮﺓ ﻟﻴﻐﻠﻖ ﻓﻮﻕ ﻣﻨﺘﺼﻒ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﻭﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﻘﺘﺮﺡ‬
‫)ﻳﺸﲑ ﺇﱃ( ﺍﻟﻔﺮﺻﺔ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﺜﲑﺍﻥ ) ﺍﳌﺸﺘﺮﻳﻦ ( ﻟﻠﺪﺧﻮﻝ ﺇﱃ ﺍﻟﺴﻮﻕ ﻭﻛﺬﻟﻚ ﻳﻘﺘﺮﺡ ﻣﺴﺘﻮﻯ ﺩﻋﻢ ﻟﻌﻜﺲ ﺍﻻﲡﺎﻩ‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻋﻜﺲ‬
‫ﳕﻮﺫﺝ ﺍﻟـ ‪.. Dark Cloud Cover‬‬

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 ‫‪21- Stick Sandwich Bullish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﺫﺍﺕ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ ﻭﻟﻴﺲ ﳍﺎ ﻇﻞ ﺳﻔﻠﻲ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ﺍﺳﻮﺩ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺑﻴﺾ ﻳﺘﻢ ﺗﺪﺍﻭﻟﻪ ﻓﻮﻕ ﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﻣﻊ‬
‫ﺇﻏﻼﻕ ﻣﺴﺎﻭﻱ ﻹﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﺒﲔ ﺛﻼﺙ ﺃﻳﺎﻡ ﺗﻔﺘﺢ ﺇﱃ ﺃﻋﻠﻰ ﻋﻠﻰ ﺍﻟﺘﻮﺍﱄ ﻟﻜﻦ ﺍﻟﻨﺘﻴﺠﺔ ﺍﻟﻨﻬﺎﺋﻴﺔ ﺇﻏﻼﻕ ﻣﺴﺎﻭﻱ ﻹﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻭﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﺩﻻﻟﺔ‬
‫ﻋﻠﻰ ﺃﻥ ﺍﻟﺴﻮﻕ ﻭﺟﺪ ﺳﻌﺮ ﺍﻟﺪﻋﻢ ) ﻣﺴﺘﻮﻯ ﺍﻟﺪﻋﻢ ( ﻭﺍﻻﲡﺎﻩ ﺍﻟﻌﺎﻡ ﻣﻦ ﺍﳌﻤﻜﻦ ﺃﻥ ﳛﺪﺙ ﻟﻪ ﺍﻧﻌﻜﺎﺱ ﻭﻳﻨﺸﺊ ) ﻳﺒﲏ ( ﻋﻠﻰ ﺳﻌﺮ ﺍﻟﺪﻋﻢ ﺍﳉﺪﻳﺪ‪..‬‬

‫‪22- Three Stars In The South Bullish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﻃﻮﻳﻠﺔ ﺫﺍﺕ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ ﻭﻟﻴﺲ ﳍﺎ ﻇﻞ ﻋﻠﻮﻱ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﻃﻮﻳﻞ ﻣﻊ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ ﺃﻳﻀﹰﺎ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﻣﺸﺎﺑﻪ ﻟﻠﻴﻮﻡ ﺍﻷﻭﻝ ﻭﻟﻜﻨﻪ ﺍﺻﻐﺮ ﻭﻳﻜﻮﻥ ﺍﻗﻞ‬
‫ﺳﻮﺩﺍﺀ ﺻﻐﲑﺓ ﺗﺘﻤﺪﺩ ﺿﻤﻦ‬ ‫‪Marubozu‬‬ ‫ﺳﻌﺮ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﻴﻮﻡ ﺍﻟﺜﺎﱐ ﺃﻋﻠﻰ ﻣﻦ ﺍﻗﻞ ﺳﻌﺮ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﻴﻮﻡ ﺍﻷﻭﻝ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻋﺒﺎﺭﺓ ﻋﻦ‬
‫ﻣﺪﻯ )ﳎﺎﻝ( ﺍﻟﺘﺪﺍﻭﻝ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﻴﻮﻡ ﺍﻟﺜﺎﱐ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ ﺗﻈﻬﺮ ﺛﻼﺙ ﺃﻳﺎﻡ ﺳﻮﺩﺍﺀ ﻭﻋﻠﻰ ﺃﻳﺔ ﺣﺎﻝ ﻛﻞ ﻳﻮﻡ ﻳﻜﻮﻥ ﺍﺿﻌﻒ ﻣﻦ ﺍﻟﻴﻮﻡ ﺍﻟﺬﻱ ﻗﺒﻠﻪ ﻋﻠﻰ ﺍﻟﺘﻮﺍﱄ ﻭﺗﻜﻮﻥ ﺍﻟﺜﻼﺛﺔ‬
‫ﺿﻤﻦ ﻣﺪﻯ ) ﳎﺎﻝ ( ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﻭﻫﺬﺍ ﻳﺸﲑ ) ﻳﻮﺣﻲ ( ﺇﱃ ﺣﺪﻭﺙ ﺑﻌﺾ ﻋﻤﻠﻴﺎﺕ ﺍﻟﺸﺮﺍﺀ‪ ،‬ﺍﻟﺘﺤﺴﻦ ﺍﻟﺼﻐﲑ ﰲ ﻛﻞ ﻳﻮﻡ ﳝﻨﻊ ﻣﺴﺘﻮﻳﺎﺕ ﺍﻟﺴﻮﻕ‬
‫ﺍﳌﻨﺨﻔﻀﺔ ﻣﻦ ﻋﺒﻮﺭ ﺃﺩﱏ ﺳﻌﺮ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﻴﻮﻡ ﺍﻷﻭﻝ‪ ،‬ﻛﻞ ﺍﻷﺩﻟﺔ ﺗﺸﲑ ﺇﱃ ﺃﻥ ﺍﻟﺘﻴﺎﺭ ﻳﺪﻭﺭ ﺑﺒﻂﺀ ﳓﻮ ) ﻣﻦ ﺍﺟﻞ ( ﺍﻟﺜﲑﺍﻥ ) ﺍﳌﺸﺘﺮﻳﻦ ( ‪..‬‬

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 ‫‪23- Tri Star Bullish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺫﺍﺕ ﺟﺴﻢ ﺻﻐﲑ ﺍﺑﻴﺾ ﻭﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﻇﻬﻮﺭ ﺍﻟـ ‪ Doji‬ﰲ ﺛﻼﺙ ﺃﻳﺎﻡ ﺗﺪﺍﻭﻝ ﻣﺘﺘﺎﻟﻴﺔ ﻭﺍﻟـ ‪ Doji‬ﺍﻟﺜﺎﻧﻴﺔ ﺗﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﺳﻔﻞ ﺑﻌﻴﺪﹰﺍ ﻋﻦ ﺍﻟـ ‪ Doji‬ﺍﻷﻭﱃ ﻭﺍﻟﺜﺎﻟﺜﺔ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ ﺍﻟﻄﻮﻳﻞ ﺍﻟﺴﻮﻕ ُﻳﻈﻬﺮ ﻋﻼﻣﺎﺕ ﻟﻠﺘﺤﺴﻦ‪ ،‬ﻭﺑﻴﻨﻤﺎ ﺍﻷﺟﺴﺎﻡ ﺍﳊﻘﻴﻘﻴﺔ ﺗﻨﻤﻮ ﺑﺘﻘﺪﻡ ﺗﺪﺭﳚﻲ ﺍﺻﻐﺮ ) ﺍﻗﻞ ( ﻓﺎﻥ ﺍﻻﲡﺎﻩ‬
‫ﻳﺘﺘﻮﺝ ﺑﻨﻤﻮﺫﺝ ﺍﻟـ ‪ ،Bullish Tri Star‬ﻭﲤﻴﻴﺰ ) ﺗﻔﺴﲑ ( ﺫﻟﻚ ﺃﻥ ﺍﻟﻜﺜﲑ ﻣﻦ ﺍﳌﻮﺍﺿﻊ ) ﺍﳌﻮﺍﻗﻊ ( ﺍﳍﺎﺑﻄﺔ ﻗﺪ ﲢﺪﺙ ﳍﺎ ﻋﻤﻠﻴﺔ ﺍﻧﻌﻜﺎﺱ‪..‬‬

‫‪24- Unique Three River Bottom Bullish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﺫﺍﺕ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﻃﻮﻳﻞ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﰲ ﺍﳌﻮﻗﻊ ﺍﳊﺎﻣﻞ ) ‪ ( Harami Position‬ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻟﻪ ﻇﻞ‬
‫ﻳﺼﻨﻊ ) ﳛﺪﺩ ( ﺍﳔﻔﺎﺽ ﺟﺪﻳﺪ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺑﻴﺾ ﻗﺼﲑ ﻳﻐﻠﻖ ﲢﺖ ﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﻳﻈﻬﺮ ﻳﻮﻣﺎﻥ ﺃﺳﻮﺩﺍﻥ ﻋﻠﻰ ﺍﻟﺘﻮﺍﱄ ﻭﻳﻜﻮﻥ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﺿﻤﻦ ﺟﺴﻢ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‪ ،‬ﻋﻠﻰ ﺃﻳﺔ ﺣﺎﻝ ﺍﻟﻈﻞ ﺍﻟﻄﻮﻳﻞ ﺍﻟﺴﻔﻠﻲ ﻳﺒﲔ ﺃﻥ ﺍﻟﺘﻴﺎﺭ ﺍﳍﺎﺑﻂ‬
‫ﺭﲟﺎ ﻳﺘﻢ ﻋﻜﺴﻪ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻳﻔﺘﺢ ﺃﻛﺜﺮ ﺍﳔﻔﺎﺿﹰﺎ ﻭﻳﻌﺰﺯ ﺗﺮﺩﺩ ﺍﻟﺴﻮﻕ ﻭﻳﻨﺘﻬﻲ ﰲ ﲢﺴﻦ‪ ،‬ﻭﰲ ﺍﻟﻨﻬﺎﻳﺔ ﳚﺐ ﻋﻠﻰ ﺍﻟﺜﲑﺍﻥ ) ﺍﳌﺸﺘﺮﻳﻦ ( ﺃﻥ ﻳﺴﻴﻄﺮﻭﺍ‪..‬‬

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 ‫‪25- Doji Star Bullish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺘﲔ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﻃﻮﻳﻠﺔ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺗﻔﺘﺢ ﺑﻌﻴﺪﹰﺍ ﺇﱃ ﺃﺳﻔﻞ ﰲ ﻧﻔﺲ ﺍﻻﲡﺎﻩ ﺍﻟﺴﺎﺑﻖ‪ ،‬ﺍﻟﻈﻼﻝ‬ ‫‪Doji‬‬ ‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ﻃﻮﻳﻞ ﺍﺳﻮﺩ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻋﺒﺎﺭﺓ ﻋﻦ‬
‫ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠـ ‪ Doji‬ﻻ ﳚﺐ ﺃﻥ ﺗﻜﻮﻥ ﻃﻮﻳﻠﺔ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ ﺍﻟﺴﻮﻕ ﻳﺪﻋﻢ ) ﻳﻌﺰﺯ ( ﺍﻟﺪﺑﺒﺔ ) ﺍﻟﺒﺎﺋﻌﲔ ( ﻣﻊ ﻳﻮﻡ ﺍﺳﻮﺩ ﻃﻮﻳﻞ ﻭﺍﻓﺘﺘﺎﺡ ﺑﻌﻴﺪ ﺇﱃ ﺃﺳﻔﻞ ﰲ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ‪ ،‬ﻋﻠﻰ ﺃﻳﺔ ﺣﺎﻝ‬
‫ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﺘﻢ ﺗﺪﺍﻭﻟﻪ ﺿﻤﻦ ﻣﺪﻯ ﺿﻴﻖ ﻭﻳﻐﻠﻖ ﻋﻠﻰ ﺃﻭ ﺑﺎﻟﻘﺮﺏ ﻣﻦ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ‪ ،‬ﻋﻤﻮﻣﹰﺎ ﻫﺬﺍ ﺍﻟﺴﻴﻨﺎﺭﻳﻮ ﻳﺒﲔ ﺇﻣﻜﺎﻧﻴﺔ ﺍﻟﺘﺤﺴﻦ ﻣﺜﻠﻪ ﻣﺜﻞ ﺍﻟﻌﺪﻳﺪ ﻣﻦ‬
‫ﺍﳌﻮﺍﺿﻊ ) ﺍﳌﻮﺍﻗﻊ ( ﺍﻟﱵ ﺗﺘﻐﲑ‪ ،‬ﺍﻟﺘﺄﻛﻴﺪ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻌﻜﺲ ﺍﻻﲡﺎﻩ ﻳﻜﻮﻥ ﺑﺎﻓﺘﺘﺎﺡ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﻋﻠﻰ ﰲ ﻳﻮﻡ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺘﺎﱄ‪..‬‬

‫‪26- Upside Gap Three Methods Bullish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﻣﻮﺍﺻﻠﺔ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﺫﺍﺕ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﻇﻬﻮﺭ ﻳﻮﻣﲔ ﺃﺑﻴﻀﲔ ﻃﻮﻳﻠﲔ ﻣﻊ ﻭﺟﻮﺩ ﻓﺠﻮﺓ ﺑﻴﻨﻬﻤﺎ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﳝﻠﺊ ﺍﻟﻔﺠﻮﺓ ﺍﻟﱵ ﺑﲔ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ ﻳﻜﻮﻥ ﻣﺘﺒﻮﻉ ﺑﻴﻮﻣﲔ ﺃﺑﻴﻀﲔ ﻃﻮﻳﻠﲔ ﻣﻊ ﻭﺟﻮﺩ ﻓﺠﻮﺓ ﻋﻠﻴﺎ ﺑﻴﻨﻬﻤﺎ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﻟﻜﻨﻪ ﳝﻠﺊ ﺍﻟﻔﺠﻮﺓ‬
‫ﺍﳌﻮﺟﻮﺩﺓ ﺑﲔ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻭﺍﻟﺜﺎﱐ ﻭﻫﺬﺍ ﳚﺐ ﺃﻥ ﻳﺮﻯ ﻋﻠﻰ ﺍﻧﻪ ﺩﻋﻢ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻼﲡﺎﻩ ﺍﻟﺼﺎﻋﺪ ) ﺍﳌﺘﻔﺎﺋﻞ ( ﻭﻗﺪ ﻳﻜﻮﻥ ﺳﺒﺒﻪ ﺍﻷﺧﺬ ﺍﳌﺆﻗﺖ ﻟﻸﺭﺑﺎﺡ‪..‬‬

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 ‫‪27- Upside Tasuk Gap Bullish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﻣﻮﺍﺻﻠﺔ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﻃﻮﻳﻠﺔ ﺫﺍﺕ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻧﺎﻥ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻣﲔ ﺃﺑﻴﻀﲔ ﻣﻊ ﺍﻓﺘﺘﺎﺡ ﺑﻔﺠﻮﺓ ﺑﻴﻨﻬﻤﺎ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﻳﻔﺘﺢ ﺿﻤﻦ ﺟﺴﻢ ﺍﻟﻴﻮﻡ‬
‫ﺍﻟﺜﺎﱐ ﻭﻳﻐﻠﻖ ﺿﻤﻦ ﺍﻟﻔﺠﻮﺓ ﺍﳌﻮﺟﻮﺩﺓ ﺑﲔ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ ﻳﻈﻬﺮ ﻳﻮﻡ ﺍﺑﻴﺾ ﻃﻮﻳﻞ ﻳﻜﻮﻥ ﻣﺘﺒﻮﻉ ﺑﻴﻮﻡ ﺁﺧﺮ ﻳﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﻋﻠﻰ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻷﺳﻮﺩ ﻣﻦ ﺍﶈﺘﻤﻞ ﺍﻧﻪ ﻳﻨﺸﺄ ﻧﺘﻴﺠﺔ‬
‫ﺍﻷﺧﺬ ﺍﳌﺆﻗﺖ ﻟﻸﺭﺑﺎﺡ ‪ ،‬ﺍﻻﲡﺎﻩ ﳚﺐ ﺃﻥ ﻳﻮﺍﺻﻞ ﺇﺗﺒﺎﻉ ﺍﻻﲡﺎﻩ ﺍﳋﺎﺹ ﺑﺎﻟﻔﺠﻮﺓ ﺍﻟﺼﺎﻋﺪﺓ‪..‬‬

‫ج‪ -‬اﻟﻨﻤﺎذج اﻟﻤﺘﻔﺎﺋﻠﺔ ﻣﻨﺨﻔﻀﺔ اﻟﺜﻘﺔ‪:‬‬

‫‪28- Belt Hold Bullish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﻨﺨﻔﻀﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺔ ﻭﺍﺣﺪﺓ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪- - - - - :‬‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﻋﺒﺎﺭﺓ ﻋﻦ ﺟﺴﻢ ﺍﺑﻴﺾ ﻳﻈﻬﺮ ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ ﻭﻳﻜﻮﻥ ﺑﺪﻭﻥ ﻇﻞ ﺳﻔﻠﻲ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ ﻳﻈﻬﺮ ﺟﺴﻢ ﺍﺑﻴﺾ ﻭﻳﻜﻮﻥ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻪ ﺃﻗﻞ ﺳﻌﺮ ﰲ ﻧﻔﺲ ﺍﻟﻴﻮﻡ ﻭﻫﺬﺍ ﻗﺪ ﻳﺒﲔ ﲢﺴﻦ ﺑﺎﻟﻨﺴﺒﺔ‬
‫ﻟﻠﺜﲑﺍﻥ ) ﺍﳌﺸﺘﺮﻳﻦ (‪..‬‬

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 ‫‪29- Hammer Bullish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﻨﺨﻔﻀﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺔ ﻭﺍﺣﺪﺓ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪- - - - - :‬‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺟﺴﻢ ﺣﻘﻴﻘﻲ ﺻﻐﲑ ﰲ ﺍﻟﻨﻬﺎﻳﺔ ﺍﻟﻌﻠﻴﺎ ﳌﺪﻯ ) ﳎﺎﻝ ( ﺍﻟﺘﺪﺍﻭﻝ ﺑﺎﻹﺿﺎﻓﺔ ﺇﱃ ﻇﻞ ﺳﻔﻠﻲ ﻳﻜﻮﻥ ﻃﻮﻟﻪ ﻋﻠﻰ ﺍﻷﻗﻞ ﺿﻌﻒ ﺍﳉﺴﻢ ﺍﳊﻘﻴﻘﻲ ﻣﺮﺗﲔ‬
‫ﻭﰲ ﺍﻟﻐﺎﻟﺐ ﻻ ﻳﻮﺟﺪ ﻇﻞ ﻋﻠﻮﻱ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﻫﻨﺎﻙ ﺑﻴﻊ ﺣﺎﺩ ﺗﻮﻗﻒ ﺑﻌﺪ ﺍﻓﺘﺘﺎﺡ ﺍﻟﺴﻮﻕ ﺃﺛﻨﺎﺀ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ‪ ،‬ﻋﻠﻰ ﺃﻳﺔ ﺣﺎﻝ ﻋﻨﺪ ‪‬ﺎﻳﺔ ﻳﻮﻡ ﺍﻟﺘﺪﺍﻭﻝ ﺃﻏﻠﻖ ﺍﻟﺴﻮﻕ ﻓﻮﻕ ﺃﻋﻠﻰ ﺳﻌﺮ‬
‫ﺑﺎﻟﻨﺴﺒﺔ ﻟﻪ ﺑﻘﻠﻴﻞ ﻭﻫﺬﺍ ﻳﺒﲔ ﺿﻌﻒ ﺍﻟﺸﻌﻮﺭ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﻬﺒﻮﻁ ﺍﻟﺴﺎﺑﻖ‪ ،‬ﻣﻨﺬ ﺍﻟﺘﺄﻛﺪ ﻣﻦ ﺃﻥ ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﺸﲑ ﺇﱃ ﺍﻟﻘﺎﻉ ﻓﺎﻥ ﻋﻜﺲ ﺍﻻﲡﺎﻩ ﳝﻜﻦ ﺃﻥ ﻳﺘﺄﻛﺪ‬
‫) ‪Dragonfly Doji ( UMBRELLA‬‬ ‫ﺃﻳﻀﹰﺎ ﻭﺫﻟﻚ ﺑﻮﺍﺳﻄﺔ ﺍﻻﻓﺘﺘﺎﺡ ﺍﻟﻌﺎﱄ ﻭﺍﻹﻏﻼﻕ ﺍﻟﻌﺎﱄ ﰲ ﻳﻮﻡ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻘﺎﺩﻡ‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﺸﺒﻪ ﳕﻮﺫﺝ ﺍﻟـ‬
‫ﻟﻜﻨﻪ ﺍﻗﻞ ﻣﻮﺛﻮﻗﻴﺔ ﻣﻨﻪ‪..‬‬

‫‪30- Harami Bullish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﻨﺨﻔﻀﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺘﲔ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﺫﺍﺕ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﻇﻬﻮﺭ ﻳﻮﻡ ﺍﺳﻮﺩ ﻃﻮﻳﻞ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺑﻴﺾ ﲝﻴﺚ ﻳﻜﻮﻥ ﺍﳉﺴﻢ ﺍﳊﻘﻴﻘﻲ ﻟﻠﻴﻮﻡ ﺍﻟﺜﺎﱐ ُﻣﺒﺘﻠﻊ ﺑﺎﻟﻜﺎﻣﻞ ﺑﻮﺍﺳﻄﺔ ﺍﳉﺴﻢ ﺍﳊﻘﻴﻘﻲ ﻟﻠﻴﻮﻡ‬
‫ﺍﻷﻭﻝ ) ﺃﻱ ﺃﻥ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﰲ ﺍﳌﻮﻗﻊ ﺍﳊﺎﻣﻞ ‪..( Harami Position‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﺑﻌﺪ ﻳﻮﻡ ﻃﻮﻳﻞ ﺍﺳﻮﺩ ﰲ ﺍﻟﻨﻬﺎﻳﺔ ﺍﳌﻨﺨﻔﻀﺔ ﻻﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ ﻓﺎﻥ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺒﻴﻀﺎﺀ ﺗﻔﺘﺢ ﺃﻋﻠﻰ ﻣﻦ ﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﻭﻫﺬﺍ ﻳﻌﲏ ﺃﻥ‬
‫ﺍﻟﺴﻌﺮ ﻳﺘﻢ ﺩﻓﻌﻪ ﺇﱃ ﺃﻋﻠﻰ ﻻﻥ ﺍﻟﺬﻳﻦ ﺑﺎﻋﻮﺍ ﻣﺴﺒﻘﹰﺎ ﻗﺎﻣﻮﺍ ﺑﺎﻟﺸﺮﺍﺀ ﻟﻠﺘﻐﻄﻴﺔ ﻭﻫﺬﺍ ﻣﺎ ﺷﺠﻊ ﺍﻟﺼﻔﻘﺎﺕ ﺍﻷﺧﺮﻯ‪ ،‬ﻫﺬﺍ ﺍﳌﺆﺷﺮ ) ﺍﻟﻨﻤﻮﺫﺝ ( ﳚﺐ ﺃﻥ ﻳﺘﻢ‬
‫ﺗﺄﻛﻴﺪﻩ ﺑﻮﺍﺳﻄﺔ ﻳﻮﻡ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺘﺎﱄ ﲝﺚ ﻳﻜﻮﻥ ﻋﺒﺎﺭﺓ ﻋﻦ ﻣﻮﺍﺻﻠﺔ ﻻﻧﻌﻜﺎﺱ ﺍﻻﲡﺎﻩ‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﻌﺘﱪ ﺍﻟﻴﻮﻣﲔ ﺍﻷﻭﻝ ﻭﺍﻟﺜﺎﱐ‬
‫ﻣﻦ ﳕﻮﺫﺝ ‪..Three Inside‬‬

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 ‫‪31- Harami Cross Bullish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﻨﺨﻔﻀﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺘﲔ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﺫﺍﺕ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﻃﻮﻳﻞ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻋﺒﺎﺭﺓ ﻋﻦ ‪ Doji‬ﺿﻤﻦ ﺍﳉﺴﻢ ﺍﳊﻘﻴﻘﻲ ﻟﻠﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﺑﻌﺪ ﻳﻮﻡ ﻃﻮﻳﻞ ﺍﺳﻮﺩ ﰲ ﺍﻟﻨﻬﺎﻳﺔ ﺍﳌﻨﺨﻔﻀﺔ ﻻﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ ﻓﺎﻥ ﺍﻟﺴﻮﻕ ﻳﻔﺘﺢ ﺃﻋﻠﻰ ﻣﻦ ﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﻭﻳﻐﻠﻖ ﻋﻨﺪ ﻧﻔﺲ‬
‫ﺍﻻﻓﺘﺘﺎﺡ‪ ،‬ﻭﻫﺬﺍ ﺍﳌﺆﺷﺮ ﻳﻌﺘﱪ ﺃﻛﺜﺮ ﺗﺄﻛﻴﺪﹰﺍ ﻣﻦ ﻣﺆﺷﺮ ) ﳕﻮﺫﺝ ( ﺍﻟـ ‪ Harami‬ﺍﻟﻌﺎﺩﻱ ﻭﻳﺒﲔ ﻋﻤﻠﻴﺔ ﺍﻧﻌﻜﺎﺱ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﺜﲑﺍﻥ ) ﺍﳌﺸﺘﺮﻳﻦ (‪..‬‬

‫‪32- Inverted Hammer Bullish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﻨﺨﻔﻀﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺔ ﻭﺍﺣﺪﺓ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪- - - - - :‬‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺟﺴﻢ ﺣﻘﻴﻘﻲ ﺻﻐﲑ ﰲ ﺍﻟﻨﻬﺎﻳﺔ ﺍﻟﺴﻔﻠﻰ ﳌﺪﻯ ) ﳎﺎﻝ ( ﺍﻟﺘﺪﺍﻭﻝ ﺑﺎﻹﺿﺎﻓﺔ ﺇﱃ ﻇﻞ ﻋﻠﻮﻱ ﺩﺍﺋﻤﹰﺎ ﻻ ﻳﺰﻳﺪ ﻃﻮﻟﻪ ﻋﻦ ﺿﻌﻒ ﺍﳉﺴﻢ ﺍﳊﻘﻴﻘﻲ ﻣﺮﺗﲔ‬
‫ﻭﻻ ﻳﻮﺟﺪ ﻇﻞ ﻋﻠﻮﻱ ﰲ ﺍﻏﻠﺐ ﺍﻷﺣﻴﺎﻥ ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﺑﻴﻨﻤﺎ ﺍﻟﺴﻮﻕ ﻳﻔﺘﺢ ﲢﺖ ﺍﻹﻏﻼﻕ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﻓﺎﻥ ﺍﻟﺜﲑﺍﻥ ﻳﺘﺤﺴﻨﻮﺍ ﺑﺴﺮﻋﺔ ﻭﻟﻜﻦ ﻟﻴﺲ ﲟﺎ ﻓﻴﻪ ﺍﻟﻜﻔﺎﻳﺔ ﻟﻺﻏﻼﻕ ﻓﻮﻕ‬
‫ﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﻭﺫﻟﻚ ﳚﻌﻞ ﺍﻟﺬﻳﻦ ﻗﺎﻣﻮﺍ ﺑﺎﻟﺒﻴﻊ ﺍﳌﺴﺒﻖ ﰲ ﻣﻮﺍﺿﻊ ﺧﺎﺳﺮﺓ‪ ،‬ﻭﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﻌﻄﻲ ﺍﺣﺘﻤﺎﻝ ﻟﺘﺤﺴﻦ ﻗﺎﺩﻡ ﻭﺗﺄﻛﻴﺪ ﻋﻜﺲ‬
‫ﰲ ﻳﻮﻡ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻘﺎﺩﻡ‪ ،‬ﻭﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﺸﺒﻪ‬ ‫‪Inverted Hammer‬‬ ‫ﺍﻻﲡﺎﻩ ﻳﻜﻮﻥ ﺑﺎﻻﻓﺘﺘﺎﺡ ﻭﺍﻹﻏﻼﻕ ﻓﻮﻕ ﺟﺴﻢ ﺍﻟـ‬
‫ﳕﻮﺫﺝ ﺍﻟـ ) ‪ Gravestone Doji ( INVERTED UMBRELLA‬ﻟﻜﻨﻪ ﺍﻗﻞ ﻣﻮﺛﻮﻗﻴﺔ ﻣﻨﻪ‪..‬‬

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 ‫‪33- Separating Lines Bullish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﻣﻮﺍﺻﻠﺔ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﻨﺨﻔﻀﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺘﲔ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﺫﺍﺕ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺑﻴﺾ ﻟﻪ ﻧﻔﺲ ﺳﻌﺮ ﺍﻓﺘﺘﺎﺡ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ ﻳﻈﻬﺮ ﻳﻮﻡ ﺍﺳﻮﺩ ﻃﻮﻳﻞ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﺒﺪﺃ ﻣﻦ ﺣﻴﺚ ﺍﻧﺘﻬﻰ ﺗﺪﺍﻭﻝ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﻭﻳﺘﺤﺴﻦ ﻟﻴﻐﻠﻖ ﻋﺎﻟﻴﹰﺎ ﻭﻫﺬﺍ ﻳﻮﺣﻲ‬
‫ﺑﺄﻥ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ ﳚﺐ ﺃﻥ ﻳﺒﻘﻰ ﺳﻠﻴﻤﹰﺎ ﻭﻳﺴﺘﻤﺮ‪..‬‬

‫‪34- Three Line Strike Bullish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﻣﻮﺍﺻﻠﺔ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﻔﺎﺋﻞ ) ﻣﺘﻮﻗﻊ ﻟﻠﺼﻌﻮﺩ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﻨﺨﻔﻀﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 4 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﺫﺍﺕ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﻇﻬﻮﺭ ﺛﻼﺙ ﺃﻳﺎﻡ ﺑﻴﻀﺎﺀ ﻣﻊ ﺍﻏﻼﻗﺎﺕ ﻣﺮﺗﻔﻌﺔ ﻋﻠﻰ ﺍﻟﺘﻮﺍﱄ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺮﺍﺑﻊ ﻳﻔﺘﺢ ﻋﺎﻟﻴﹰﺎ ﻭﻳﻐﻠﻖ ﻣﻨﺨﻔﻀﹰﺎ ﲢﺖ ﺍﻓﺘﺘﺎﺡ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﺳﻮﺩ ﻳﺪﻓﻊ ﺍﻷﺳﻌﺎﺭ ﻟﻠﻌﻮﺩﺓ ﻣﻦ ﺣﻴﺚ ﺑﺪﺃﺕ ﰲ ﺑﺪﺍﻳﺔ ﺍﻟﻨﻤﻮﺫﺝ‪ ،‬ﺇﺫﺍ ﻛﺎﻥ ﺍﻻﲡﺎﻩ ﺍﻟﺼﺎﻋﺪ ﻗﻮﻱ ﻗﺒﻞ ﺍﻟﻨﻤﻮﺫﺝ ﻓﺎﻧﻪ ﳚﺐ ﺃﻥ ﻳﺴﺘﻤﺮ‬
‫ﻭﻳﻮﺍﺻﻞ ﺍﻻﺭﺗﻔﺎﻉ‪..‬‬

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 ‫اﻟﻨﻤﺎذج اﻟﻤﺘﺸﺎﺋﻤﺔ ) اﻟﻤﺘﻮﻗﻌﺔ ﻟﻠﻬﺒﻮط (‪:‬‬
‫أ‪ -‬اﻟﻨﻤﺎذج اﻟﻤﺘﺸﺎﺋﻤﺔ ﻋﺎﻟﻴﺔ اﻟﺜﻘﺔ‪:‬‬
‫‪1- Abandoned Baby Bearish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻋﺎﻟﻴﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﺫﺍﺕ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺗﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﻋﻠﻰ ﺑﻌﻴﺪﹰﺍ ﰲ ﻧﻔﺲ ﺍﲡﺎﻩ ﺣﺮﻛﺔ ﺍﻟﺴﻌﺮ‬ ‫‪Doji‬‬ ‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻳﻜﻮﻥ ﺩﺍﺋﻤﹰﺎ ﻳﻮﻡ ﺍﺑﻴﺾ ﻃﻮﻳﻞ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻋﺒﺎﺭﺓ ﻋﻦ‬
‫ﺍﻟﺴﺎﺑﻘﺔ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﻳﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﺳﻔﻞ ﰲ ﺍﻻﲡﺎﻩ ﺍﳌﻌﺎﻛﺲ ﻟﻠﺤﺮﻛﺔ ﺍﻟﺴﺎﺑﻘﺔ ﻭﻳﻜﻮﻥ ﺑﺪﻭﻥ ﻇﻼﻝ ﻣﺘﺪﺍﺧﻠﺔ ﻣﻊ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ ﺍﻟﺴﻮﻕ ﻳﺒﲏ ﺑﻘﻮﺓ ﻋﻠﻰ ﺍﻟﻴﻮﻡ ﺍﻷﺑﻴﺾ ﺍﻟﻄﻮﻳﻞ ﻭﻳﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﻋﻠﻰ ﰲ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ‪ ،‬ﻋﻠﻰ ﺃﻳﺔ ﺣﺎﻝ ﻳﻜﻮﻥ ﺗﺪﺍﻭﻝ‬
‫ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﺿﻤﻦ ﻣﺪﻯ ) ﻧﻄﺎﻕ ( ﺿﻴﻖ ﻭﻳﻐﻠﻖ ﻋﻠﻰ ﺃﻭ ﺑﺎﻟﻘﺮﺏ ﻣﻦ ﺍﻓﺘﺘﺎﺡ ﻧﻔﺲ ﺍﻟﻴﻮﻡ ﻭﻫﺬﺍ ﺍﻟﺴﻴﻨﺎﺭﻳﻮ ﻳﺒﲔ ﺑﺎﻟﺘﺄﻛﻴﺪ ﺗﺂﻛﻞ ﺍﻟﺜﻘﺔ ﰲ ﺍﲡﺎﻩ‬
‫ﺍﻟﺘﺪﺍﻭﻝ ﺍﳊﺎﱄ‪ ،‬ﺗﺄﻛﻴﺪ ﻋﻤﻠﻴﺔ ﺍﻧﻌﻜﺎﺱ ﺍﻻﲡﺎﻩ ﺗﻜﻮﻥ ﻋﺒﺎﺭﺓ ﻋﻦ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﺍﻷﺳﻮﺩ ﺍﻟﺬﻱ ﻳﻌﻄﻲ ﺗﺄﻛﻴﺪ ﺇﺿﺎﰲ ﺑﺎﻟﻔﺠﻮﺓ ﺍﻟﺴﻔﻠﻰ‪..‬‬

‫‪2- Dark Cloud Cover Bearish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻋﺎﻟﻴﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺘﲔ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﺫﺍﺕ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻳﻜﻮﻥ ﻳﻮﻡ ﻃﻮﻳﻞ ﺍﺑﻴﺾ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﻣﻊ ﺍﻓﺘﺘﺎﺡ ﻓﻮﻕ ﺍﺭﺗﻔﺎﻉ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻐﻠﻖ ﺿﻤﻦ ﺟﺴﻢ‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻭﻳﻜﻮﻥ ﺍﻗﻞ ﻣﻦ ﺍﳌﻨﺘﺼﻒ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ ﺍﻟﺴﻮﻕ ﻳﻔﺘﺢ ﺑﻌﻴﺪﹰﺍ ﺇﱃ ﺃﻋﻠﻰ ﻟﻜﻨﻪ ﻳﺘﺮﺍﺟﻊ ﻟﻠﻬﺒﻮﻁ ﺇﱃ ﺍﻗﻞ ﻣﻦ ﻣﻨﺘﺼﻒ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ‬
‫ﻳﺸﲑ ) ﻳﻠﻤﺢ ( ﺇﱃ ﺃﻥ ﻫﻨﺎﻙ ﻓﺮﺻﺔ ﻟﻠﺬﻳﻦ ﻳﻘﻮﻣﻮﻥ ﺑﺎﻟﺒﻴﻊ ﺍﳌﺴﺒﻖ ﻭﺫﻟﻚ ﻟﻼﺳﺘﻔﺎﺩﺓ ﻣﻦ ﺍﻓﺘﺘﺎﺡ ﺍﻟﻴﻮﻡ ﺍﻟﺘﺎﱄ ﻭﻳﻌﻄﻲ ﺇﺷﺎﺭﺓ ﲢﺬﻳﺮ ﻟﻠﻤﺴﺘﺜﻤﺮﻳﻦ ﺍﻟﺬﻳﻦ‬
‫ﻳﻀﺎﺭﺑﻮﻥ ﻋﻠﻰ ﺍﻟﺼﻌﻮﺩ ) ﺍﻟﺬﻳﻦ ﻳﺘﻮﻗﻌﻮﻥ ﺍﻟﺼﻌﻮﺩ (‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﻜﻮﻥ ﻋﻜﺲ ﳕﻮﺫﺝ ﺍﻟـ ‪..Piercing Line‬‬

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 ‫‪3- Evening Doji Star Bearish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻋﺎﻟﻴﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﺫﺍﺕ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺑﻴﺾ ﻃﻮﻳﻞ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻋﺒﺎﺭﺓ ﻋﻦ ‪ Doji‬ﺗﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﻋﻠﻰ ﰲ ﻧﻔﺲ ﺣﺮﻛﺔ ﺍﻻﲡﺎﻩ ﺍﻟﺴﺎﺑﻖ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ‬
‫ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ ﺍﻟﺴﻮﻕ ﻳﺒﲏ ﺑﻘﻮﺓ ﻋﻠﻰ ﻳﻮﻡ ﺍﺑﻴﺾ ﻃﻮﻳﻞ ﻭﺍﻓﺘﺘﺎﺡ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﻋﻠﻰ ﰲ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ‪ ،‬ﻋﻠﻰ ﺃﻳﺔ ﺣﺎﻝ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﺘﻢ‬
‫ﺗﺪﺍﻭﻟﻪ ﺿﻤﻦ ﻧﻄﺎﻕ ) ﻣﺪﻯ ( ﺿﻴﻖ ﻭﻳﻐﻠﻖ ﻋﻠﻰ ﺃﻭ ﺑﺎﻟﻘﺮﺏ ﻣﻦ ﺳﻌﺮ ﺍﻓﺘﺘﺎﺣﻪ‪ ،‬ﻋﻤﻮﻣﹰﺎ ﻫﺬﺍ ﺍﻟﺴﻴﻨﺎﺭﻳﻮ ﻳﺒﲔ ﺗﺂﻛﻞ ) ﺿﻌﻒ ( ﺍﻟﺜﻘﺔ ﰲ ﺍﻻﲡﺎﻩ ﺍﳊﺎﱄ ﻭﺗﺄﻛﻴﺪ‬
‫ﻋﻜﺲ ﺍﻻﲡﺎﻩ ﻳﻜﻮﻥ ﰲ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﺍﻷﺳﻮﺩ‪ ،‬ﻭﻫﺬﺍ ﺍﳌﺆﺷﺮ ﻋﺒﺎﺭﺓ ﻋﻦ ﳕﻮﺫﺝ ‪ Doji Star‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ ( ﳏﻘﻖ ﺑﺎﻟﻜﺎﻣﻞ‪..‬‬

‫‪4- Evening Star Bearish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻋﺎﻟﻴﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﺫﺍﺕ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺑﻴﺾ ﻃﻮﻳﻞ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ﺻﻐﲑ ) ﺍﺑﻴﺾ ﺃﻭ ﺍﺳﻮﺩ ( ﻳﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﻋﻠﻰ ﰲ ﻧﻔﺲ ﺣﺮﻛﺔ ﺍﻻﲡﺎﻩ‬
‫ﺍﻟﺴﺎﺑﻖ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ ﺍﻟﺴﻮﻕ ﻳﺒﲏ ﺑﻘﻮﺓ ﻋﻠﻰ ﻳﻮﻡ ﺍﺑﻴﺾ ﻃﻮﻳﻞ ﻭﺍﻓﺘﺘﺎﺡ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﻋﻠﻰ ﰲ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ‪ ،‬ﻋﻠﻰ ﺃﻳﺔ ﺣﺎﻝ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﺘﻢ‬
‫ﺗﺪﺍﻭﻟﻪ ﺿﻤﻦ ﻧﻄﺎﻕ ) ﻣﺪﻯ ( ﺿﻴﻖ ﻭﻳﻐﻠﻖ ﺑﺎﻟﻘﺮﺏ ﻣﻦ ﺳﻌﺮ ﺍﻓﺘﺘﺎﺣﻪ‪ ،‬ﻋﻤﻮﻣﹰﺎ ﻫﺬﺍ ﺍﻟﺴﻴﻨﺎﺭﻳﻮ ﻳﺒﲔ ﺗﺂﻛﻞ ) ﺿﻌﻒ ( ﺍﻟﺜﻘﺔ ﰲ ﺍﻻﲡﺎﻩ ﺍﳊﺎﱄ ﻭﺗﺄﻛﻴﺪ ﻋﻜﺲ‬
‫ﺍﻻﲡﺎﻩ ﻳﻜﻮﻥ ﰲ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﺍﻷﺳﻮﺩ‪ ،‬ﻭﻫﺬﺍ ﺍﳌﺆﺷﺮ ﻋﺒﺎﺭﺓ ﻋﻦ ﳕﻮﺫﺝ ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ ( ﳏﻘﻖ ﺑﺎﻟﻜﺎﻣﻞ‪..‬‬

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 ‫‪5- Identical Three Crows Bearish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻋﺎﻟﻴﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﻃﻮﻳﻠﺔ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﻇﻬﻮﺭ ﺛﻼﺙ ﺃﻳﺎﻡ ﺳﻮﺩﺍﺀ ﻭﻛﻞ ﻳﻮﻡ ﻳﻜﻮﻥ ﻣﻊ ﺇﻏﻼﻕ ﲢﺖ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﻭﻛﻞ ﻳﻮﻡ ﻳﻔﺘﺢ ﰲ ﻧﻔﺲ ﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﻻﲡﺎﻩ ﺍﻟﺼﺎﻋﺪ ﺗﻈﻬﺮ ﺛﻼﺙ ﺃﻳﺎﻡ ﺳﻮﺩﺍﺀ ﻃﻮﻳﻠﺔ ﻭﻛﻞ ﻳﻮﻡ ﻳﻔﺘﺢ ﰲ ﻧﻔﺲ ﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻣﺸﺎﺑﻪ‬
‫ﻟﻨﻤﻮﺫﺝ ﺍﻟـ ‪ Three Black Crows‬ﻟﻜﻨﻪ ﳝﺜﻞ ﺧﺴﺎﺭﺓ ﺣﺎﺩﺓ ﺃﻛﺜﺮ ﰲ ﺍﻟﻘﻮﺓ ﺍﻟﺸﺮﺍﺋﻴﺔ‪ ،‬ﺍﻻﲡﺎﻩ ﺍﳍﺎﺑﻂ ) ﺍﳌﺘﺸﺎﺋﻢ ( ﻳﻜﻮﻥ ﻣﺆﻛﺪ ﺗﻘﺮﻳﺒﹰﺎ‪..‬‬

‫‪6- Kicking Bearish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻋﺎﻟﻴﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺘﲔ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﻃﻮﻳﻠﺔ ﺫﺍﺕ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ ﻭﻟﻴﺲ ﳍﺎ ﻇﻞ ﺳﻔﻠﻲ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ‪ Marubozu‬ﺑﻴﻀﺎﺀ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ‪ Marubozu‬ﺳﻮﺩﺍﺀ ﺗﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﺳﻔﻞ ﰲ ﺍﻻﲡﺎﻩ ﺍﳍﺎﺑﻂ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﻜﻮﻥ ﺇﺷﺎﺭﺓ ﻗﻮﻳﺔ ﺇﱃ ﺃﻥ ﺍﻟﺴﻮﻕ ﻳﺘﺠﻪ ﺇﱃ ﺍﻻﲡﺎﻩ ﺍﳍﺎﺑﻂ ) ﺍﳌﺘﺸﺎﺋﻢ (‪ ،‬ﺍﳊﺮﻛﺔ ﺍﻟﺴﺎﺑﻘﺔ ﻟﻠﺴﻮﻕ ﻟﻴﺲ ﳍﺎ ﺃﳘﻴﺔ ﻣﻊ ﻫﺬﺍ ﺍﳌﺆﺷﺮ‬
‫ﻋﻠﻰ ﻋﻜﺲ ﺍﳌﺆﺷﺮﺍﺕ ﺍﻷﺧﺮﻯ‪..‬‬

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 ‫‪7- Three Inside Down Bearish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻋﺎﻟﻴﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪Shooting Star‬‬ ‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫‪ ،Bearish‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻳﻜﻮﻥ ﻳﻮﻡ ﺃﺳﻮﺩ ﻣﻊ ﺇﻏﻼﻕ ﻣﻨﺨﻔﺾ ﺍﻗﻞ ﻣﻦ ﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ‬ ‫‪Harami‬‬ ‫ﰲ ﺍﻟﻴﻮﻣﲔ ﺍﻷﻭﻝ ﻭﺍﻟﺜﺎﱐ ﻳﻈﻬﺮ ﳕﻮﺫﺝ‬
‫ﺍﻟﺜﺎﱐ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﺍﻟﻘﻴﺎﺳﻲ ) ﺍﻟﻌﺎﺩﻱ (‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻳﻜﻮﻥ ﺗﺄﻛﻴﺪ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻼﲡﺎﻩ ﺍﻟﻌﻜﺴﻲ‬ ‫‪Harami‬‬ ‫ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﻜﻮﻥ ﺃﻛﺜﺮ ﻣﻮﺛﻮﻗﻴﺔ ﻣﻦ ﳕﻮﺫﺝ ﺍﻟـ‬
‫ﺍﳌﺘﺸﺎﺋﻢ ) ﺍﳌﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‪..‬‬

‫‪8- Three Outside Down Bearish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻋﺎﻟﻴﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﺫﺍﺕ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫‪ ،Bearish‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﻣﻊ ﺇﻏﻼﻕ ﺍﻗﻞ ﻣﻦ ﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ‬ ‫‪Engulfing‬‬ ‫ﰲ ﺍﻟﻴﻮﻣﲔ ﺍﻷﻭﻝ ﻭﺍﻟﺜﺎﱐ ﻳﻈﻬﺮ ﳕﻮﺫﺝ ﺍﻟـ‬
‫ﺍﻟﺜﺎﱐ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﻜﻮﻥ ﺃﻛﺜﺮ ﻣﻮﺛﻮﻗﻴﺔ ﻣﻦ ﳕﻮﺫﺝ ﺍﻟـ ‪ Engulfing‬ﺍﻟﻘﻴﺎﺳﻲ ) ﺍﻟﻌﺎﺩﻱ (‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻳﻜﻮﻥ ﺗﺄﻛﻴﺪ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻼﲡﺎﻩ ﺍﻟﻌﻜﺴﻲ‬
‫ﺍﳌﺘﺸﺎﺋﻢ ) ﺍﳌﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‪..‬‬

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 ‫‪9- Falling Three Methods Bearish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﻣﻮﺍﺻﻠﺔ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻋﺎﻟﻴﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 5 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﻃﻮﻳﻠﺔ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﻃﻮﻳﻞ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺮﺍﺑﻊ ﻳﻜﻮﻥ ﳍﺎ ﺟﺴﻢ ﺣﻘﻴﻘﻲ ﺻﻐﲑ ﻭﺗﻨﺘﺞ ﻣﻠﺨﺺ ﻟﻨﻤﻮﺫﺝ ﺍﲡﺎﻩ‬
‫ﺻﺎﻋﺪ ﻭﻟﻜﻨﻬﺎ ﺗﺒﻘﻰ ﺿﻤﻦ ﻣﺪﻯ ) ﻧﻄﺎﻕ ( ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﳋﺎﻣﺲ ﻳﻜﻮﻥ ﻳﻮﻡ ﻃﻮﻳﻞ ﺍﺳﻮﺩ ﻭﻳﻐﻠﻖ ﲢﺖ ﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﻻﲡﺎﻩ ﺍﻟﻨﺎﺯﻝ ﻳﻈﻬﺮ ﻳﻮﻡ ﺍﺳﻮﺩ ﻃﻮﻳﻞ ﻣﺘﺒﻮﻉ ﺑﺜﻼﺙ ﺃﻳﺎﻡ ﺫﺍﺕ ﺃﺟﺴﺎﻡ ﺣﻘﻴﻘﻴﺔ ﺻﻐﲑﺓ ﲢﺪﺙ ﺩﺍﺧﻞ ﺍﲡﺎﻩ ﺻﺎﻋﺪ ﻗﺼﲑ ﻭﰲ ﺍﻟﻴﻮﻡ ﺍﳋﺎﻣﺲ‬
‫ﻳﺪﺧﻞ ﺍﻟﺪﺑﺒﺔ ) ﺍﻟﺒﺎﺋﻌﲔ ( ﺑﻘﻮﺓ ﻟﻺﻏﻼﻕ ﰲ ﺍﳔﻔﺎﺽ ﺟﺪﻳﺪ ﻭﻫﺬﺍ ﺍﻻﲡﺎﻩ ﺍﻟﺼﺎﻋﺪ ﺑﲔ ﻳﻮﻣﲔ ﺃﺳﻮﺩﻳﻦ ﻃﻮﻳﻠﲔ ﻳﻜﻮﻥ ﻋﺒﺎﺭﺓ ﻋﻦ ﺍﺳﺘﺮﺍﺣﺔ ﻟﻠﻤﺴﺘﺜﻤﺮﻳﻦ‬
‫ﻭﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﻨﺎﺯﻝ ﳚﺐ ﺃﻥ ﻳﺴﺘﻤﺮ‪..‬‬

‫‪10- Three Black Crows Bearish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻋﺎﻟﻴﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﻃﻮﻳﻠﺔ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﻇﻬﻮﺭ ﺛﻼﺙ ﺃﻳﺎﻡ ﺳﻮﺩﺍﺀ ﻛﻞ ﻳﻮﻡ ﻳﻜﻮﻥ ﻣﻊ ﺇﻏﻼﻕ ﲢﺖ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﻭﻛﻞ ﻳﻮﻡ ﻳﻔﺘﺢ ﺿﻤﻦ ﺟﺴﻢ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ‪ ،‬ﻛﻞ ﻳﻮﻡ ﻳﻐﻠﻖ‬
‫ﻋﻠﻰ ﺃﻭ ﺑﺎﻟﻘﺮﺏ ﻣﻦ ﺃﺩﱏ ﺳﻌﺮ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻪ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﻻﲡﺎﻩ ﺍﻟﺼﺎﻋﺪ ﺗﻈﻬﺮ ﺛﻼﺙ ﺃﻳﺎﻡ ﺳﻮﺩﺍﺀ ﻃﻮﻳﻠﺔ ﻣﻊ ﺍﻏﻼﻗﺎﺕ ﻣﻨﺨﻔﻀﺔ ﻋﻠﻰ ﺍﻟﺘﻮﺍﱄ‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﻮﺣﻲ ) ﻳﺸﲑ ( ﺇﱃ ﺃﻥ ﺍﻟﺴﻮﻕ‬
‫ﻣﻐﺎ ٍﻝ ﻓﻴﻪ ) ﻣﺒﺎﻟﻎ ﻓﻴﻪ ( ﳌﺪﺓ ﻃﻮﻳﻠﺔ ﻭﺍﻥ ﺍﳌﺴﺘﺜﻤﺮﻳﻦ ﺑﺪﺀﻭﺍ ﺗﻌﺪﻳﻞ ﻫﺬﺍ ﺍﻟﺴﻌﺮ ﺍﳌﺒﺎﻟﻎ ﻓﻴﻪ‪..‬‬

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 ‫‪11- Upside Gap Two Crows Bearish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻋﺎﻟﻴﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﻃﻮﻳﻠﺔ ﺫﺍﺕ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻳﻜﻮﻥ ﻳﻮﻡ ﻃﻮﻳﻞ ﺍﺑﻴﺾ ﻣﻮﺍﺻﻠﺔ ﻟﻼﲡﺎﻩ ﺍﻟﺼﺎﻋﺪ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﺍﺳﻮﺩ ﻭﻳﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﻋﻠﻰ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﺃﻳﻀﹰﺎ ﺍﺳﻮﺩ‬
‫ﻭﻳﺒﺘﻠﻊ ﺍﻟﻴﻮﻡ ﺍﻷﺳﻮﺩ ﺍﻟﺴﺎﺑﻖ ﻟﻜﻨﻪ ﻣﺎﺯﺍﻝ ﻳﻐﻠﻖ ﻓﻮﻕ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﻻﲡﺎﻩ ﺍﻟﺼﺎﻋﺪ ﺍﻟﺴﻮﻕ ﻳﺘﻌﺜﺮ ) ﻳﻀﻌﻒ ( ﻟﻜﻨﻪ ﻣﺎ ﻳﺰﺍﻝ ﻳﻐﻠﻖ ﻓﻮﻕ ﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺘﺎﱄ ﻳﻀﻌﻒ ﺃﻛﺜﺮ ﻟﻜﻨﻪ ﻳﺒﻘﻰ ﻓﻮﻕ ﺇﻏﻼﻕ‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻭﻫﺬﻩ ﺇﺷﺎﺭﺓ ﺇﱃ ﺃﻥ ﺍﻟﺴﻮﻕ ﱂ ﻳﻌﺪ ﻳﺴﺘﻄﻴﻊ ﺍﻻﺣﺘﻔﺎﻅ ﲟﻮﻗﻌﺔ ) ﲟﻮﺿﻌﻪ ( ﻭﻳﻜﻮﻥ ﰲ ﻣﺮﺣﻠﺔ ﻣﺘﺸﺎﺋﻤﺔ ) ﻣﺘﻮﻗﻌﺔ ﻟﻠﻬﺒﻮﻁ (‪..‬‬

‫ب‪ -‬اﻟﻨﻤﺎذج اﻟﻤﺘﺸﺎﺋﻤﺔ ﻣﺘﻮﺳﻄﺔ اﻟﺜﻘﺔ‪:‬‬

‫‪12- Advance Block Bearish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﻃﻮﻳﻠﺔ ﺫﺍﺕ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﻇﻬﻮﺭ ﺛﻼﺙ ﺃﻳﺎﻡ ﺑﻴﻀﺎﺀ ﻃﻮﻳﻠﺔ ﻭﻛﻞ ﻳﻮﻡ ﻳﻜﻮﻥ ﻣﻊ ﺇﻏﻼﻕ ﺃﻋﻠﻰ ﻣﻦ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﻭﻛﻞ ﻳﻮﻡ ﻳﻔﺘﺢ ﺿﻤﻦ ﺟﺴﻢ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﻭﻳﻐﻠﻖ ﺑﺎﻟﻘﺮﺏ‬
‫ﻣﻦ ﺃﻋﻠﻰ ﺳﻌﺮ ﻟﻨﻔﺲ ﺍﻟﻴﻮﻡ‪ ،‬ﻛﻞ ﻳﻮﻡ ﻳﻜﻮﻥ ﺟﺴﻤﻪ ﺍﺻﻐﺮ ﻣﻦ ﺍﻟﻴﻮﻡ ﺍﻟﺬﻱ ﻗﺒﻠﻪ ﺑﺸﻜﻞ ﻣﻠﺤﻮﻅ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻭﺍﻟﺜﺎﻟﺚ ﻳﻜﻮﻥ ﳍﺎ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﻻﲡﺎﻩ ﺍﻟﺼﺎﻋﺪ ﺗﻈﻬﺮ ﺛﻼﺙ ﺃﻳﺎﻡ ﺑﻴﻀﺎﺀ ﻃﻮﻳﻠﺔ ﻣﻊ ﺍﻏﻼﻗﺎﺕ ﻣﺮﺗﻔﻌﺔ ﻋﻠﻰ ﺍﻟﺘﻮﺍﱄ‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﺸﺒﻪ ﳕﻮﺫﺝ‬
‫ﻭﻋﻠﻰ ﺃﻳﺔ ﺣﺎﻝ ﰲ ﻫﺬﻩ ﺍﳊﺎﻟﺔ ﻳﻜﻮﻥ ﻛﻞ ﻳﻮﻡ ﺍﺿﻌﻒ ﻣﻦ ﺍﻟﺬﻱ ﻗﺒﻠﻪ ﺑﺸﻜﻞ ﻣﺘﺘﺎﺑﻊ ﻭﻫﺬﺍ‬ ‫‪Three White Soldiers‬‬ ‫ﺍﻟـ‬
‫ﻳﻮﺣﻲ ) ﻳﺸﲑ ( ﺇﱃ ﺃﻥ ﺍﻟﺘﺤﺴﻦ ) ﺍﻻﺭﺗﻔﺎﻉ ( ﺍﻟﺴﺎﺑﻖ ﻓﻘﺪ ﺍﻟﻘﻮﺓ ﻭﻳﺴﺘﻌﺪ ﻟﻌﻤﻠﻴﺔ ﺍﻻﻧﻌﻜﺎﺱ‪..‬‬

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 ‫‪13- Breakaway Bearish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 5 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﻃﻮﻳﻠﺔ ﺫﺍﺕ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻳﻜﻮﻥ ﻳﻮﻡ ﻃﻮﻳﻞ ﺍﺑﻴﺾ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺑﻴﺾ ﻳﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﻋﻠﻰ ﻓﻮﻕ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺮﺍﺑﻊ‬
‫ﺗﻮﺍﺻﻞ ﰲ ﻧﻔﺲ ﺍﲡﺎﻩ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻣﻊ ﺍﻏﻼﻗﺎﺕ ﻣﺮﺗﻔﻌﺔ ﻋﻠﻰ ﺍﻟﺘﻮﺍﱄ ﻭﺍﻟﻴﻮﻡ ﺍﳋﺎﻣﺲ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﻃﻮﻳﻞ ﻭﻳﻐﻠﻖ ﰲ ﺍﻟﻔﺠﻮﺓ ﺍﳌﻮﺟﻮﺩﺓ ﺑﲔ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‬
‫ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ ﻳﺒﲔ ﺍﻻﻧﺪﻓﺎﻉ ﺇﱃ ﺍﻟﺼﻌﻮﺩ ﻭﺍﻟﺬﻱ ﻳﻀﻌﻒ ﰲ ﺍﻟﻨﻬﺎﻳﺔ ﻭﺍﻟﻨﺘﻴﺠﺔ ﺗﻜﻮﻥ ﺍﻟﻴﻮﻡ ﺍﻷﺳﻮﺩ ﺍﻟﻄﻮﻳﻞ ﺍﻟﺬﻱ ﻻ ﻳﺴﺪ ) ﻳﻐﻠﻖ (‬
‫ﺍﻟﻔﺠﻮﺓ ﺍﳌﻮﺟﻮﺩﺓ ﺑﲔ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻭﻫﺬﺍ ﻳﻠﻤﺢ ) ﻳﻮﺣﻲ ( ﺇﱃ ﻋﻤﻠﻴﺔ ﺍﻧﻌﻜﺎﺱ ﻗﺮﻳﺒﺔ‪..‬‬

‫‪14- Deliberation Bearish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﻃﻮﻳﻠﺔ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﻇﻬﻮﺭ ﻳﻮﻣﺎﻥ ﺃﺑﻴﻀﺎﻥ ﻃﻮﻳﻼﻥ ﻭﻳﻜﻮﻥ ﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﺃﻋﻠﻰ ﻣﻦ ﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻳﻜﻮﻥ ﻋﺒﺎﺭﺓ‬
‫ﻋﻦ ‪ Spinning Top‬ﺃﻭ ‪ Doji‬ﺗﻔﺘﺢ ﺑﻌﻴﺪﹰﺍ ﺇﱃ ﺃﻋﻠﻰ ﻓﻮﻕ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ ﺗﻈﻬﺮ ﺛﻼﺙ ﺃﻳﺎﻡ ﺑﻴﻀﺎﺀ ﻣﻊ ﺍﻏﻼﻗﺎﺕ ﻣﺮﺗﻔﻌﺔ ﻋﻠﻰ ﺍﻟﺘﻮﺍﱄ‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻋﺒﺎﺭﺓ ﻋﻦ ﺍﺷﺘﻘﺎﻕ ﻣﻦ‬
‫ﳕﻮﺫﺝ ‪ Three White Soldiers‬ﻭﻳﻜﻮﻥ ﻣﺸﺎﺑﻪ ﺟﺪﹰﺍ ﻟﻨﻤﻮﺫﺝ ‪ Advance Block‬ﻭﻋﻠﻰ ﺍﻟﺮﻏﻢ ﻣﻦ ﻣﻮﺍﺻﻠﺔ ﺍﻻﲡﺎﻩ ﺍﻟﺼﺎﻋﺪ ﺇﻻ ﺃﻥ ﺟﺴﻢ ﺍﻟﻴﻮﻡ‬
‫ﺍﻟﺜﺎﻟﺚ ﺍﻟﺼﻐﲑ ﻳﻮﺣﻲ ) ﻳﺸﲑ ( ﺇﱃ ﺃﻥ ﺍﻟﺘﺤﺴﻦ ﺍﻟﺴﺎﺑﻖ ﻓﻘﺪ ﺍﻟﻘﻮﺓ ﻭﻳﺴﺘﻌﺪ ﻟﻌﻤﻠﻴﺔ ﺍﻻﻧﻌﻜﺎﺱ‪..‬‬

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 ‫‪15- Engulfing Bearish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺘﲔ‬
‫‪Shooting Star‬‬ ‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﻇﻬﻮﺭ ﻳﻮﻡ ﺍﺑﻴﺾ ﻃﻮﻳﻞ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ﺃﺳﻮﺩ ﻳﺒﺘﻠﻊ ﺍﳉﺴﻢ ﺍﳊﻘﻴﻘﻲ ﻟﻠﻴﻮﻡ ﺍﻷﻭﻝ ﺑﺎﻟﻜﺎﻣﻞ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﻳﻈﻬﺮ ﺍﻻﺑﺘﻼﻉ ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ ﻭﻳﺼﻮﺭ ) ﻳﺮﺳﻢ ( ﺍﻓﺘﺘﺎﺡ ﰲ ﺍﺭﺗﻔﺎﻉ ﺟﺪﻳﺪ ﻳﻜﻮﻥ ﻣﺘﺒﻮﻉ ﺑﺒﻴﻊ ﺫﻭ ﺣﺠﻢ ﺗﺪﺍﻭﻝ ﻋﺎﱄ ﻟﻴﻐﻠﻖ ﻋﻠﻰ‬
‫ﺃﻭ ﲢﺖ ﺍﻓﺘﺘﺎﺡ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﻭﻫﺬﺍ ﻳﺒﲔ ﺃﻥ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ ﻗﺪ ﺃﺻﺒﺢ ﺿﻌﻴﻔﹰﺎ ﻭﺍﻥ ﺍﻟﺪﺑﺒﺔ ) ﺍﻟﺒﺎﺋﻌﲔ ( ﻗﺪ ﺣﺼﻠﻮﺍ ﻋﻠﻰ ﺍﻟﻘﻮﺓ‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﻜﻮﻥ‬
‫ﺃﻳﻀﹰﺎ ﺍﻟﻴﻮﻣﲔ ﺍﻷﻭﻝ ﻭﺍﻟﺜﺎﱐ ﻣﻦ ﳕﻮﺫﺝ ‪..Three Outside‬‬

‫‪16- Dragonfly Doji ( UMBRELLA ) Bearish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺔ ﻭﺍﺣﺪﺓ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪- - - - - :‬‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﻫﺬﻩ ﺍﻟﺸﻤﻌﺔ ﺗﺘﻜﻮﻥ ﻋﻨﺪﻣﺎ ﻳﻜﻮﻥ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﻭﺃﻋﻠﻰ ﺳﻌﺮ ﻭﺳﻌﺮ ﺍﻹﻏﻼﻕ ﻣﺘﺴﺎﻭﻳﺔ ﻭﺃﺩﱏ ﺳﻌﺮ ﻳﺼﻨﻊ ﻇﻞ ﻃﻮﻳﻞ ﺳﻔﻠﻲ ﻭﺍﻟﻨﺘﻴﺠﺔ ﺗﻜﻮﻥ‬
‫ﻋﺒﺎﺭﺓ ﻋﻦ ﴰﻌﺔ ﺗﺸﺒﻪ ﺣﺮﻑ "‪ "T‬ﺫﺍﺕ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ ﻭﻻ ﻳﻮﺟﺪ ﳍﺎ ﻇﻞ ﻋﻠﻮﻱ ﰲ ﺍﻏﻠﺐ ﺍﻷﺣﻴﺎﻥ ﻭﺗﻈﻬﺮ ﻫﺬﻩ ﺍﻟﺸﻤﻌﺔ ﰲ ﺍﻟﻨﻬﺎﻳﺔ ﺍﻟﻌﻠﻴﺎ ﳌﺪﻯ ) ﳎﺎﻝ (‬
‫ﺍﻟﺘﺪﺍﻭﻝ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﻫﺬﻩ ﺍﻟﺸﻤﻌﺔ ﺗﺸﲑ ﺇﱃ ﺃﻥ ﺍﻟﺒﺎﺋﻌﲔ ) ﺍﻟﺪﺑﺒﺔ ( ﺳﻴﻄﺮﻭﺍ ﻋﻠﻰ ﺍﻟﺘﺪﺍﻭﻝ ﻭﻗﺎﺩﻭﺍ ﺍﻟﺴﻌﺮ ﺇﱃ ﺃﺳﻔﻞ ﺃﺛﻨﺎﺀ ﺟﻠﺴﺔ ﺍﻟﺘﺪﺍﻭﻝ ﻭﺑﻨﻬﺎﻳﺔ ﺍﳉﻠﺴﺔ ﻇﻬﺮ‬
‫ﺍﳌﺸﺘﺮﻭﻥ ) ﺍﻟﺜﲑﺍﻥ ( ﻭﺩﻓﻌﻮﺍ ﺍﻟﺴﻌﺮ ﻟﻴﻌﻮﺩ ﺇﱃ ﻣﺴﺘﻮﻯ ﺍﻻﻓﺘﺘﺎﺡ ﻭﺍﳉﻠﺴﺔ ﺃﻏﻠﻘﺖ ﻋﻨﺪ ﻫﺬﺍ ﺍﳌﺴﺘﻮﻯ ﻭﺿﻤﺎﻥ ﺍﻻﻧﻌﻜﺎﺱ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﻨﻤﻮﺫﺝ ﻳﻌﺘﻤﺪ ﻋﻠﻰ‬
‫ﺣﺮﻛﺔ ﺍﻟﺴﻌﺮ ﺍﻟﺴﺎﺑﻘﺔ ﻭﺍﻟﺘﺄﻛﻴﺪ ﺍﳌﺴﺘﻘﺒﻠﻲ‪ ،‬ﺍﻟﻈﻞ ﺍﻟﺴﻔﻠﻲ ﺍﻟﻄﻮﻳﻞ ﻳﻌﻄﻲ ﺍﻟﺸﺎﻫﺪ ﻋﻠﻰ ﺿﻐﻂ ﺍﻟﺸﺮﺍﺀ ﻟﻜﻦ ﺍﻗﻞ ﺳﻌﺮ ﻳﺸﲑ ﺇﱃ ﺃﻥ ﻫﻨﺎﻙ ﻋﺪﺩ ﻭﺍﻓﺮ ﻣﻦ‬
‫ﺍﳌﺸﺘﺮﻳﻦ ﻻ ﻳﺰﺍﻟﻮﺍ ﺑﺎﺩﻳﻦ ﻟﻠﻌﻴﺎﻥ‪ ،‬ﺑﻌﺪ ﺍﻻﲡﺎﻩ ﺍﻟﺼﺎﻋﺪ ﺍﻟﻄﻮﻳﻞ ﺃﻭ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺒﻴﻀﺎﺀ ﺍﻟﻄﻮﻳﻠﺔ ﺃﻭ ﻣﻨﻄﻘﺔ ﺍﳌﻘﺎﻭﻣﺔ ﺍﻟﻈﻞ ﺍﻟﺴﻔﻠﻲ ﺍﻟﻄﻮﻳﻞ ﻳﺸﲑ ﺇﱃ ﺍﻟﻘﻤﺔ‬
‫ﺃﻭ ﺍﻧﻌﻜﺎﺱ ﻣﺘﺸﺎﺋﻢ )ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ( ﻟﻼﲡﺎﻩ‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻣﺜﻞ ﺍﻟﻜﺜﲑ ﻣﻦ ﺍﻟﻨﻤﺎﺫﺝ ﳛﺘﺎﺝ ﺇﱃ ﺗﺄﻛﻴﺪ ﻭ ﻫﺬﺍ ﺍﻟﺘﺄﻛﻴﺪ ﻳﺄﰐ ﺑﻮﺍﺳﻄﺔ ﺍﻻﻓﺘﺘﺎﺡ ﺑﻔﺠﻮﺓ‬
‫ﺇﱃ ﺃﻋﻠﻰ ﻭ ﺇﻏﻼﻕ ﻋﺎﱄ ﺃﻳﻀﹰﺎ ﰲ ﻳﻮﻡ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺘﺎﱄ‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﺸﺒﻪ ﳕﻮﺫﺝ ﺍﻟـ ‪ Hanging Man‬ﻟﻜﻦ ﻟﻪ ﻣﻮﺛﻮﻗﻴﺔ ﺃﻋﻠﻰ‪..‬‬

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 ‫‪17- Harami Cross Bearish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺘﲔ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﻃﻮﻳﻠﺔ ﺫﺍﺕ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﻇﻬﻮﺭ ﻳﻮﻡ ﺍﺑﻴﺾ ﻃﻮﻳﻞ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻋﺒﺎﺭﺓ ﻋﻦ ‪ Doji‬ﺿﻤﻦ ﻧﻄﺎﻕ ) ﳎﺎﻝ ( ﺍﳉﺴﻢ ﺍﳊﻘﻴﻘﻲ ﻟﻠﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﺑﻌﺪ ﺍﻟﻴﻮﻡ ﺍﻷﺑﻴﺾ ﺍﻟﻄﻮﻳﻞ ﺍﳌﻮﺟﻮﺩ ﰲ ﺍﻟﻨﻬﺎﻳﺔ ﺍﻟﻌﻠﻴﺎ ﻟﻼﲡﺎﻩ ﺍﻟﺼﺎﻋﺪ ﻓﺎﻥ ﺍﻟﺴﻮﻕ ﻳﻔﺘﺢ ﺍﻗﻞ ﻣﻦ ﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ‪ ،‬ﺍﻟﺘﺪﺍﻭﻝ‬
‫ﻳﻜﻮﻥ ﺿﻌﻴﻒ ﻭﺍﻟﻴﻮﻡ ﻳﻨﺘﻬﻲ ﻣﻊ ﺇﻏﻼﻕ ﰲ ﻧﻔﺲ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﻭﺿﻤﻦ ﺟﺴﻢ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﻌﺘﱪ ﺃﻛﺜﺮ ﻣﻮﺛﻮﻗﻴﺔ ﻣﻦ ﳕﻮﺫﺝ‬
‫ﺍﻟـ ‪ Harami‬ﺍﻟﻘﻴﺎﺳﻲ ) ﺍﻟﻌﺎﺩﻱ ( ﻭﻳﺸﲑ ﺇﱃ ﺃﻥ ﺍﻻﲡﺎﻩ ﺍﳊﺎﱄ ﻳﻔﻘﺪ ﺍﻟﻘﻮﺓ‪..‬‬

‫‪18- Meeting Lines Bearish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺘﲔ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﻃﻮﻳﻠﺔ ﺫﺍﺕ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻳﻜﻮﻥ ﻳﻮﻡ ﻃﻮﻳﻞ ﺍﺑﻴﺾ ﻭﻟﻪ ﺟﺴﻢ ﻳﻜﻮﻥ ﻓﻮﻕ ﺍﻻﲡﺎﻩ ﺍﻟﺴﺎﺑﻖ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﻃﻮﻳﻞ ﻭﻟﻪ ﺟﺴﻢ ﺃﻳﻀﹰﺎ ﻳﻜﻮﻥ ﻓﻮﻕ‬
‫ﺍﻻﲡﺎﻩ ﺍﻟﺴﺎﺑﻖ ﻭﻛﻼ ﺍﻟﻴﻮﻣﲔ ﳍﻤﺎ ﺇﻏﻼﻕ ﻣﺘﻤﺎﺛﻞ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﻻﲡﺎﻩ ﺍﻟﺼﺎﻋﺪ ﻳﻈﻬﺮ ﻳﻮﻣﺎﻥ ﻳﻔﺘﺤﺎﻥ ﻓﻮﻕ ﺍﻻﲡﺎﻩ ﺍﻟﺴﺎﺑﻖ ﻭﻋﻠﻰ ﺍﻟﺮﻏﻢ ﻣﻦ ﺃﻥ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻔﺘﺢ ﻋﺎﻟﻴﹰﺎ ﺇﱃ ﺍﻧﻪ ﻳﻌﻮﺩ ﻟﻴﻐﻠﻖ ﰲ‬
‫ﻧﻔﺲ ﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﻭﻫﺬﺍ ﻳﺸﲑ ﺇﱃ ﻋﻼﻣﺔ ﳕﻮﺫﺟﻴﺔ ﻣٌﺤﺪﺩﺓ ﻣﻦ ﻗﺒﻞ ﺍﳌﺘﺪﺍﻭﻟﲔ ﻭﺍﻻﻧﻌﻜﺎﺱ ﻳﻜﻮﻥ ﳏﺘﻤﻞ ﺍﳊﺪﻭﺙ‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﺸﺒﻪ‬
‫ﳕﻮﺫﺝ ﺍﻟـ ‪ Dark Cloud Cover‬ﻟﻜﻨﻪ ﺍﻗﻞ ﻣﻮﺛﻮﻗﻴﺔ ﻣﻨﻪ‪..‬‬

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 ‫‪19- Gravestone Doji ( INVERTED UMBRELLA ) Bearish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺘﲔ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪- - - - - :‬‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﻫﺬﻩ ﺍﻟﺸﻤﻌﺔ ﺗﺘﻜﻮﻥ ﻋﻨﺪﻣﺎ ﻳﻜﻮﻥ ﺍﻻﻓﺘﺘﺎﺡ ﻭﺃﺩﱏ ﺳﻌﺮ ﻭﺍﻹﻏﻼﻕ ﻣﺘﺴﺎﻭﻳﺔ ﻭﺃﻋﻠﻰ ﺳﻌﺮ ﻳﺼﻨﻊ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ ﻭﺍﻟﻨﺘﻴﺠﺔ ﺗﻜﻮﻥ ﻋﺒﺎﺭﺓ ﻋﻦ‬
‫ﴰﻌﺔ ﺗﺸﺒﻪ ﺣﺮﻑ "‪ "T‬ﻣﻘﻠﻮﺏ ﻭ ﺫﺍﺕ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ ﻭﻟﻴﺲ ﳍﺎ ﻇﻞ ﺳﻔﻠﻲ ﻭﺗﺘﻜﻮﻥ ﻫﺬﻩ ﺍﻟﺸﻤﻌﺔ ﰲ ﺍﻟﻨﻬﺎﻳﺔ ﺍﻟﺴﻔﻠﻰ ﳌﺪﻯ ﺍﻟﺘﺪﺍﻭﻝ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﻫﺬﻩ ﺍﻟﺸﻤﻌﺔ ﺗﺸﲑ ﺇﱃ ﺇﻥ ﺍﳌﺸﺘﺮﻳﻦ ) ﺍﻟﺜﲑﺍﻥ ( ﺳﻴﻄﺮﻭﺍ ﻋﻠﻰ ﺍﻟﺘﺪﺍﻭﻝ ﻭﻗﺎﺩﻭﺍ ﺍﻟﺴﻌﺮ ﺇﱃ ﺃﻋﻠﻰ ﺃﺛﻨﺎﺀ ﺟﻠﺴﺔ ﺍﻟﺘﺪﺍﻭﻝ ﻭﻟﻜﻦ ﺑﻨﻬﺎﻳﺔ ﺍﳉﻠﺴﺔ ﻇﻬﺮ‬
‫ﺍﻟﺒﺎﺋﻌﲔ ) ﺍﻟﺪﺑﺒﺔ ( ﻭﺩﻓﻌﻮﺍ ﺍﻟﺴﻌﺮ ﻟﻴﻌﻮﺩ ﻣﺮﺓ ﺃﺧﺮﻯ ﺇﱃ ﻣﺴﺘﻮﻯ ﺍﻻﻓﺘﺘﺎﺡ ﻭﺍﳉﻠﺴﺔ ﺃﻏﻠﻘﺖ ﻋﻨﺪ ﺍﻗﻞ ﺳﻌﺮ ﻭ ﻫﺬﻩ ﺍﻟﺸﻤﻌﺔ ﻣﺜﻠﻬﺎ ﻣﺜﻞ ﺑﻘﻴﺔ ﺍﻟﺸﻤﻮﻉ ﺿﻤﺎﻥ‬
‫ﺍﻻﻧﻌﻜﺎﺱ ﺑﺎﻟﻨﺴﺒﺔ ﳍﺎ ﻳﻌﺘﻤﺪ ﻋﻠﻰ ﺣﺮﻛﺔ ﺍﻟﺴﻌﺮ ﺍﻟﺴﺎﺑﻘﺔ ﻭﺍﻟﺘﺄﻛﻴﺪ ﺍﳌﺴﺘﻘﺒﻠﻲ‪ ،‬ﻭﻋﻠﻰ ﺍﻟﺮﻏﻢ ﻣﻦ ﺍﻟﻈﻞ ﺍﻟﻌﻠﻮﻱ ﺍﻟﻄﻮﻳﻞ ﻳﺸﲑ ﺇﱃ ﺳﻘﻮﻁ ﺣﻘﻴﻘﻲ ﺇﻻ ﺃﻥ‬
‫ﺃﻋﻠﻰ ﺳﻌﺮ ﰲ ﺍﻟﻴﻮﻡ ﻳﻌﻄﻲ ﺷﺎﻫﺪ ﻋﻠﻰ ﺑﻌﺾ ﺿﻐﻂ ﺍﻟﺸﺮﺍﺀ‪ ،‬ﺑﻌﺪ ﺍﻻﲡﺎﻩ ﺍﻟﺼﺎﻋﺪ ﺍﻟﻄﻮﻳﻞ ﺃﻭ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺒﻴﻀﺎﺀ ﺍﻟﻄﻮﻳﻠﺔ ﺃﻭ ﻣﻨﻄﻘﺔ ﺍﳌﻘﺎﻭﻣﺔ ﻓﺎﻥ ﺍﻟﺘﺮﻛﻴﺰ‬
‫ﻳﺘﺤﻮﻝ ﺇﱃ ﺍﻟﺴﻘﻮﻁ ﺍﳊﻘﻴﻘﻲ ﻭﺍﺣﺘﻤﺎﻝ ﺍﻻﻧﻌﻜﺎﺱ ﺍﳌﺘﺸﺎﺋﻢ )ﺍﳌﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ( ﻟﻼﲡﺎﻩ‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻣﺜﻞ ﺍﻟﻜﺜﲑ ﻣﻦ ﺍﻟﻨﻤﺎﺫﺝ ﳛﺘﺎﺝ ﺇﱃ ﺗﺄﻛﻴﺪ ﻭﻳﺄﰐ ﻫﺬﺍ‬
‫ﻟﻜﻦ‬ ‫‪Shooting Star‬‬ ‫ﺍﻟﺘﺄﻛﻴﺪ ﺑﺎﻻﻓﺘﺘﺎﺡ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﻋﻠﻰ ﻓﻮﻕ ﺟﺴﻢ ﻫﺬﻩ ﺍﻟﺸﻤﻌﺔ ﰲ ﻳﻮﻡ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺘﺎﱄ‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﺸﺒﻪ ﳕﻮﺫﺝ ﺍﻟـ‬
‫ﻟﻪ ﻣﻮﺛﻮﻗﻴﺔ ﺃﻋﻠﻰ‪..‬‬

‫‪20- Tri Star Bearish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﺫﺍﺕ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﻇﻬﻮﺭ ﺍﻟـ ‪ Doji‬ﰲ ﺛﻼﺙ ﺃﻳﺎﻡ ﺗﺪﺍﻭﻝ ﻣﺘﺘﺎﻟﻴﺔ ﻭﺍﻟـ ‪ Doji‬ﺍﻟﺜﺎﻧﻴﺔ ﺗﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﻋﻠﻰ ﺑﻌﻴﺪﹰﺍ ﻋﻦ ﺍﻟـ ‪ Doji‬ﺍﻷﻭﱃ ﻭﺍﻟﺜﺎﻟﺜﺔ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ ﺍﻟﻄﻮﻳﻞ ﺍﻟﺴﻮﻕ ُﻳﻈﻬﺮ ﻋﻼﻣﺎﺕ ﻟﻠﻀﻌﻒ‪ ،‬ﻭﺑﻴﻨﻤﺎ ﺍﻷﺟﺴﺎﻡ ﺍﳊﻘﻴﻘﻴﺔ ﺗﻨﻤﻮ ﺑﺘﻘﺪﻡ ﺗﺪﺭﳚﻲ ﺍﺻﻐﺮ ) ﺍﻗﻞ ( ﻓﺎﻥ ﺍﻻﲡﺎﻩ‬
‫ﻳﺘﺘﻮﺝ ﺑﻨﻤﻮﺫﺝ ﺍﻟـ ‪ ،Bearish Tri Star‬ﻭﲤﻴﻴﺰ ) ﺗﻔﺴﲑ ( ﺫﻟﻚ ﺃﻥ ﻫﻨﺎﻙ ﻗﻮﺓ ﺻﻐﲑﺓ ﻫﺎﺟﺮﺕ ) ﻏﺎﺩﺭﺕ ( ﻭﺗﺸﲑ ﺇﱃ ﻋﻮﺩﺓ ﺍﻟﺪﺑﺒﺔ ) ﺍﻟﺒﺎﺋﻌﲔ (‪..‬‬

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 ‫‪21- Two Crows Bearish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﺫﺍﺕ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻳﻜﻮﻥ ﻳﻮﻡ ﻃﻮﻳﻞ ﺍﺑﻴﺾ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﻳﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﻋﻠﻰ ﻓﻮﻕ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ‬
‫ﻳﻔﺘﺢ ﺿﻤﻦ ﺟﺴﻢ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻭﻳﻐﻠﻖ ﺿﻤﻦ ﺟﺴﻢ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﻻﲡﺎﻩ ﺍﻟﺼﺎﻋﺪ ﺍﻟﺴﻮﻕ ﻳﻐﻠﻖ ﻣﻨﺨﻔﻀﹰﺎ ﺑﻌﺪ ﺍﻻﻓﺘﺘﺎﺡ ﺑﻔﺠﻮﺓ ﻋﻠﻴﺎ ﻭﻳﻜﻮﻥ ﻣﺘﺒﻮﻉ ﺑﻴﻮﻡ ﺍﺳﻮﺩ ﺁﺧﺮ ﳝﻠﺊ ﺍﻟﻔﺠﻮﺓ ﺍﳌﻮﺟﻮﺩﺓ ﺑﲔ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‬
‫ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﺸﲑ ﺇﱃ ﺗﺂﻛﻞ ) ﺿﻌﻒ ( ﰲ ﺍﻻﲡﺎﻩ ﺍﻟﺼﺎﻋﺪ ﻭﻳﻨﺬﺭ ﺑﻌﻤﻠﻴﺔ ﻋﻜﺲ ﻟﻼﲡﺎﻩ‪..‬‬

‫‪22- Doji Star Bearish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺘﲔ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﻃﻮﻳﻠﺔ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺗﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﻋﻠﻰ ﰲ ﻧﻔﺲ ﺣﺮﻛﺔ ﺍﻻﲡﺎﻩ ﺍﻟﺴﺎﺑﻖ‪ ،‬ﺍﻟﻈﻼﻝ‬ ‫‪Doji‬‬ ‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺑﻴﺾ ﻃﻮﻳﻞ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻋﺒﺎﺭﺓ ﻋﻦ‬
‫ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠـ ‪ Doji‬ﻻ ﳚﺐ ﺃﻥ ﺗﻜﻮﻥ ﻃﻮﻳﻠﺔ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﻻﲡﺎﻩ ﺍﻟﺼﺎﻋﺪ ﺍﻟﺴﻮﻕ ﻳﺒﲏ ﺑﻘﻮﺓ ﻋﻠﻰ ﺍﻟﻴﻮﻡ ﺍﻟﻄﻮﻳﻞ ﺍﻷﺑﻴﺾ ﻭﻳﻔﺘﺢ ﺑﻔﺠﻮﺓ ﰲ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ‪ ،‬ﻋﻠﻰ ﺃﻳﺔ ﺣﺎﻝ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﺘﻢ ﺗﺪﺍﻭﻟﻪ ﺿﻤﻦ‬
‫ﻧﻄﺎﻕ ) ﳎﺎﻝ ( ﺿﻴﻖ ﻭﻳﻐﻠﻖ ﻋﻠﻰ ﺃﻭ ﺑﺎﻟﻘﺮﺏ ﻣﻦ ﺳﻌﺮ ﺍﻻﻓﺘﺘﺎﺡ ﻟﻨﻔﺲ ﺍﻟﻴﻮﻡ‪ ،‬ﻋﻤﻮﻣﹰﺎ ﻫﺬﺍ ﺍﻟﺴﻴﻨﺎﺭﻳﻮ ﻳﺒﲔ ﺗﺂﻛﻞ ﺍﻟﺜﻘﺔ ﰲ ﺍﻻﲡﺎﻩ ﺍﳊﺎﱄ ﻭﺗﺄﻛﻴﺪ ﻋﻜﺲ‬
‫ﺍﻻﲡﺎﻩ ﻳﻜﻮﻥ ﺑﺎﻓﺘﺘﺎﺡ ﻣﻨﺨﻔﺾ ﰲ ﻳﻮﻡ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺘﺎﱄ‪..‬‬

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 ‫‪23- Downside Gap Three Methods Bearish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﻣﻮﺍﺻﻠﺔ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﺫﺍﺕ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﻇﻬﻮﺭ ﻳﻮﻣﲔ ﺃﺳﻮﺩﻳﻦ ﻃﻮﻳﻠﲔ ﻣﻊ ﻭﺟﻮﺩ ﻓﺠﻮﺓ ﺑﻴﻨﻬﻤﺎ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺑﻴﺾ ﳝﻠﺊ ﺍﻟﻔﺠﻮﺓ ﺑﲔ ﺍﻟﻴﻮﻣﲔ ﺍﻷﻭﻟﲔ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﺍﻻﲡﺎﻩ ﺍﻟﻨﺎﺯﻝ ﻳﻜﻮﻥ ﻣﺘﺒﻮﻉ ﺑﻴﻮﻣﲔ ﺃﺳﻮﺩﻳﻦ ﻃﻮﻳﻠﲔ ﻣﻊ ﻓﺠﻮﺓ ﺳﻔﻠﻰ ﺑﻴﻨﻬﻤﺎ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺑﻴﺾ ﻟﻜﻨﻪ ﻳﺴﺪ ) ﳝﻠﺊ ( ﺍﻟﻔﺠﻮﺓ‬
‫ﺍﳌﻮﺟﻮﺩﺓ ﺑﲔ ﺍﻟﻴﻮﻣﲔ ﺍﻷﻭﻝ ﻭﺍﻟﺜﺎﱐ ﻭﻫﺬﺍ ﳚﺐ ﺃﻥ ﻳﻨﻈﺮ ﺇﻟﻴﻪ ﻋﻠﻰ ﺍﻧﻪ ﻣﺴﺘﻮﻯ ﻣﻘﺎﻭﻣﺔ ﻭﺍﻥ ﺍﻻﲡﺎﻩ ﺍﻟﻨﺎﺯﻝ ﺳﻮﻑ ﻳﺴﺘﻤﺮ‪..‬‬

‫‪24- Downside Tasuki Gap Bearish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﻣﻮﺍﺻﻠﺔ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﻃﻮﻳﻠﺔ ﺫﺍﺕ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻣﲔ ﺍﻷﻭﻝ ﻭﺍﻟﺜﺎﱐ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻣﲔ ﺃﺳﻮﺩﻳﻦ ﻣﻊ ﺍﻓﺘﺘﺎﺡ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﺳﻔﻞ ﺑﻴﻨﻬﻤﺎ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺑﻴﺾ ﻳﻔﺘﺢ ﺿﻤﻦ ﺟﺴﻢ ﺍﻟﻴﻮﻡ‬
‫ﺍﻟﺜﺎﱐ ﻭﻳﻐﻠﻖ ﺿﻤﻦ ﺍﻟﻔﺠﻮﺓ ﺍﳌﻮﺟﻮﺩﺓ ﺑﲔ ﺍﻟﻴﻮﻣﲔ ﺍﻷﻭﻝ ﻭﺍﻟﺜﺎﱐ ) ﻻ ﻳﺴﺪ ﺍﻟﻔﺠﻮﺓ (‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﻻﲡﺎﻩ ﺍﻟﻨﺎﺯﻝ ﻳﻈﻬﺮ ﻳﻮﻡ ﺍﺳﻮﺩ ﻳﻜﻮﻥ ﻣﺘﺒﻮﻉ ﺑﻴﻮﻡ ﺍﺳﻮﺩ ﺁﺧﺮ ﻳﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺇﱃ ﺃﺳﻔﻞ ﻭﻳﺘﺒﻌﻪ ﻳﻮﻡ ﺍﺑﻴﺾ ﻭﺭﲟﺎ ﻳﻜﻮﻥ ﺫﻟﻚ ﻧﺘﻴﺠﺔ‬
‫ﺃﻥ ﺍﳌﺴﺘﺜﻤﺮﻳﻦ ﻳﺴﺘﻐﻠﻮﻥ ﺍﳔﻔﺎﺽ ﺃﺳﻌﺎﺭ ﺍﻟﺸﺮﺍﺀ ﻣﺆﻗﺘﺎﹰ‪ ،‬ﺍﻻﲡﺎﻩ ﺍﻟﻨﺎﺯﻝ ﳚﺐ ﺇﻥ ﻳﻮﺍﺻﻞ ﺇﺗﺒﺎﻉ ﺍﲡﺎﻩ ﺍﻟﻔﺠﻮﺓ ﺍﻟﺴﻔﻠﻰ ﻭﻳﻜﻤﻞ ﻋﻤﻠﻴﺔ ﺍﳍﺒﻮﻁ‪..‬‬

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 ‫‪25- In Neck Bearish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﻣﻮﺍﺻﻠﺔ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺘﲔ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﻃﻮﻳﻠﺔ ﺫﺍﺕ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﻃﻮﻳﻞ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺑﻴﺾ ﻳﻔﺘﺢ ﲢﺖ ﺃﺩﱏ ﺳﻌﺮ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﻭﻳﻐﻠﻖ ﺑﺼﻌﻮﺑﺔ ﻓﻮﻕ‬
‫ﺃﻭ ﻣﺴﺎﻭﻱ ﻹﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫‪ ،On‬ﲢﺴﻦ ﺻﻐﲑ ﻳﺘﻢ ﺗﺄﺳﻴﺴﻪ ﺑﻮﺍﺳﻄﺔ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻟﻜﻨﻪ ﻳﻨﺘﻬﻲ ﺑﺎﻟﻘﺮﺏ ﻣﻦ‬ ‫‪Neck‬‬ ‫ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﺍﻗﻞ ﺣﺪﺓ ) ﺷﺪﺓ ( ﻧﺴﺒﻴﹰﺎ ﻣﻦ ﳕﻮﺫﺝ‬
‫ﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﺍﻷﺳﻮﺩ ﻭﻋﻠﻰ ﺍﻟﺮﻏﻢ ﻣﻦ ﺃﻥ ﺍﻻﲡﺎﻩ ﺍﳌﺘﺸﺎﺋﻢ ) ﺍﳌﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ ( ﳚﺐ ﺃﻥ ﻳﻨﺘﺼﺮ ) ﻳﺴﻮﺩ ( ﺇﱃ ﺍﻧﻪ ﻗﺪ ﻳﺄﺧﺬ ﻭﻗﺖ ﺃﻃﻮﻝ‬
‫ﻟﻜﻲ ﻳﻨﺸﺄ ) ﻳﺘﻄﻮﺭ (‪..‬‬

‫‪26- On Neck Bearish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﻣﻮﺍﺻﻠﺔ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺘﲔ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﻃﻮﻳﻠﺔ ﺫﺍﺕ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﻃﻮﻳﻞ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺑﻴﺾ ) ﻟﻴﺲ ﻃﻮﻳﻞ ( ﻳﻔﺘﺢ ﲢﺖ ﺃﺩﱏ ﺳﻌﺮ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﻭﻳﻐﻠﻖ ﰲ ﺍﻗﻞ‬
‫ﺳﻌﺮ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﺃﻳﻀﹰﺎ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﻜﻮﻥ ﻣﺜﺎﱄ ﰲ ﺍﻻﲡﺎﻩ ﺍﳍﺎﺑﻂ ﻭﺍﳊﻘﻴﻘﻴﺔ ﻫﻲ ﺃﻥ ﲢﺴﻦ ﺑﺴﻴﻂ ﰎ ﺗﺄﺳﻴﺴﻪ ﺑﻮﺍﺳﻄﺔ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻟﻜﻨﻪ ﺍﻧﺘﻬﻰ ﻋﻨﺪ ﺃﺩﱏ ﺳﻌﺮ ﺑﺎﻟﻨﺴﺒﺔ‬
‫ﻟﻠﻴﻮﻡ ﺍﻷﻭﻝ ﺇﺷﺎﺭﺓ ﺇﱃ ﺃﻥ ﺍﻟﺪﺑﺒﺔ ) ﺍﻟﺒﺎﺋﻌﲔ ( ﳚﺐ ﺃﻥ ﻳﻨﺘﺼﺮﻭﺍ‪..‬‬

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 ‫‪27- Side By Side White Lines Bearish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﻣﻮﺍﺻﻠﺔ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﺘﻮﺳﻄﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 3 :‬ﴰﻮﻉ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﻃﻮﻳﻠﺔ ﺫﺍﺕ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺑﻴﺾ ﻳﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺳﻔﻠﻰ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﻟﺚ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺑﻴﺾ ﻟﻪ ﺗﻘﺮﻳﺒﹰﺎ ﻧﻔﺲ ﻃﻮﻝ ﺟﺴﻢ‬
‫ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻭﻳﻐﻠﻖ ﺃﻳﻀﹰﺎ ﰲ ﻧﻔﺲ ﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﺗﻘﺮﻳﺒﹰﺎ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﻻﲡﺎﻩ ﺍﻟﻨﺎﺯﻝ ﻳﻜﻮﻥ ﻫﻨﺎﻙ ﻳﻮﻡ ﺍﺳﻮﺩ ﻣﺘﺒﻮﻉ ﺑﻴﻮﻣﲔ ﺃﺑﻴﻀﲔ ﻳﻔﺘﺤﺎﻥ ﺑﻔﺠﻮﺓ ﲢﺖ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻭﻫﺬﺍ ﳕﻮﺫﺟﻴﹰﺎ ﻳﻌﲏ ﺑﺎﻥ ﺍﻟﺬﻳﻦ ﺑﺎﻋﻮﺍ ﻣﺴﺒﻘﹰﺎ‬
‫ﻗﺪ ﻏﻄﻮﺍ ﺃﻭﺿﺎﻋﻬﻢ ) ﻗﺎﻣﻮﺍ ﺑﺎﻟﺸﺮﺍﺀ ﻟﻠﺘﻐﻄﻴﺔ ( ﻭﻻ ﻳﻮﺟﺪ ﻋﻜﺲ ﻋﻠﻰ ﻭﺷﻚ ﺍﳊﺪﻭﺙ ﻭﰲ ﺍﻟﻨﻬﺎﻳﺔ ﺍﻻﲡﺎﻩ ﺍﻟﻨﺎﺯﻝ ﳚﺐ ﺃﻥ ﻳﺒﻘﻰ ﺳﻠﻴﻢ ﰲ ﺍﳌﺴﺘﻘﺒﻞ‬
‫ﺍﻟﻘﺮﻳﺐ‪..‬‬

‫ج‪ -‬اﻟﻨﻤﺎذج اﻟﻤﺘﺸﺎﺋﻤﺔ ﻣﻨﺨﻔﻀﺔ اﻟﺜﻘﺔ‪:‬‬

‫‪28- Separating Lines Bearish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﻣﻮﺍﺻﻠﺔ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﻨﺨﻔﻈﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺘﲔ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﺫﺍﺕ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻋﺒﺎﺭﺓ ﻋﻦ ﻳﻮﻡ ﺍﺑﻴﺾ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﻟﻪ ﻧﻔﺲ ﺳﻌﺮ ﺍﻓﺘﺘﺎﺡ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﻻﲡﺎﻩ ﺍﻟﻨﺎﺯﻝ ﻳﻈﻬﺮ ﻳﻮﻡ ﻃﻮﻳﻞ ﺍﺑﻴﺾ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﺒﺪﺃ ﻣﻦ ﺣﻴﺚ ﺍﻧﺘﻬﻰ ﻳﻮﻡ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺴﺎﺑﻖ ﻭﻳﻐﻠﻖ ﻣﻨﺨﻔﻀﹶﺎ ﻭﻫﺬﺍ‬
‫ﻳﺸﲑ ) ﻳﻮﺣﻲ ( ﺇﱃ ﺃﻥ ﺍﻻﲡﺎﻩ ﺍﻟﻨﺎﺯﻝ ﳚﺐ ﺃﻥ ﻳﺒﻘﻰ ﺳﻠﻴﻢ ﻭﻳﺴﺘﻤﺮ ‪..‬‬

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 ‫‪29- Three Line Strike Bearish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﻣﻮﺍﺻﻠﺔ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﻨﺨﻔﻈﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ 4 :‬ﴰﻮﻉ‬
‫‪Hammer‬‬ ‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﻇﻬﻮﺭ ﺛﻼﺙ ﺃﻳﺎﻡ ﺳﻮﺩﺍﺀ ﻃﻮﻳﻠﺔ ﻣﻊ ﺍﻏﻼﻗﺎﺕ ﻣﻨﺨﻔﻀﺔ ﻋﻠﻰ ﺍﻟﺘﻮﺍﱄ‪ ،‬ﺍﻟﻴﻮﻡ ﺍﻟﺮﺍﺑﻊ ﻳﻔﺘﺢ ﻣﻨﺨﻔﻀﹰﺎ ﻟﻜﻨﻪ ﻳﻐﻠﻖ ﻓﻮﻕ ﺍﻓﺘﺘﺎﺡ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﺑﻴﺾ ﻳﻘﻮﺩ ﺍﻷﺳﻌﺎﺭ ﻟﻠﻌﻮﺩﺓ ﺇﱃ ﺣﻴﺚ ﻛﺎﻧﺖ ﻋﻨﺪ ﺑﺪﺍﻳﺔ ﺍﻟﻨﻤﻮﺫﺝ ﻓﺈﺫﺍ ﻛﺎﻥ ﺍﻻﲡﺎﻩ ﺍﳌﺘﺸﺎﺋﻢ ) ﺍﳌﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ ( ﻗﻮﻱ ﻗﺒﻞ ﺍﻟﻨﻤﻮﺫﺝ‬
‫ﻓﺎﻧﻪ ﳚﺐ ﺃﻥ ﻳﺴﺘﻤﺮ‪..‬‬

‫‪30- Thrusting Bearish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﻣﻮﺍﺻﻠﺔ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﻨﺨﻔﻈﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺘﲔ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺳﻮﺩﺍﺀ ﺫﺍﺕ ﻇﻞ ﺳﻔﻠﻲ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺳﻮﺩ ﻃﻮﻳﻞ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ﺍﺑﻴﺾ ﻳﻔﺘﺢ ﲢﺖ ﺃﺩﱏ ﺳﻌﺮ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﻴﻮﻡ ﺍﻷﻭﻝ ﻭﻳﻐﻠﻖ ﺩﺍﺧﻞ ﺟﺴﻢ ﺍﻟﻴﻮﻡ‬
‫ﺍﻟﺴﺎﺑﻖ ﻟﻜﻨﻪ ﻳﻜﻮﻥ ﺍﻗﻞ ﻣﻦ ﻣﻨﺘﺼﻔﺔ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫‪ ،In‬ﺍﻟﺘﺤﺴﻦ ﻳﻨﺸﺄ ﺑﻮﺍﺳﻄﺔ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ‬ ‫‪Neck‬‬ ‫ﻭ ﺍﻟـ‬ ‫‪On Neck‬‬ ‫ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﻜﻮﻥ ﺍﺿﻌﻒ ﻧﺴﺒﻴﹰﺎ ﻣﻦ ﳕﺎﺫﺝ ﺍﳌﻮﺍﺻﻠﺔ ﺍﻟـ‬
‫ﻭﻳﻐﻠﻖ ﻋﻠﻰ ﳓﻮ ﺟﻴﺪ ﰲ ﺟﺴﻢ ﺍﻟﻴﻮﻡ ﺍﻷﺳﻮﺩ ﺍﻟﺴﺎﺑﻖ‪ ،‬ﻋﻠﻰ ﺃﻳﺔ ﺣﺎﻝ ﻻﻥ ﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﱂ ﻳﺼﻞ ﺇﱃ ﻣﻨﺘﺼﻒ ﺟﺴﻢ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻓﺎﻥ‬
‫ﺍﻟﺜﲑﺍﻥ ) ﺍﳌﺸﺘﺮﻳﻦ ( ﺭﲟﺎ ﺳﻮﻑ ﻳﻜﻮﻧﻮﺍ ﻓﺎﻗﺪﻳﻦ ﻟﻠﺜﻘﺔ ﻭﰲ ﺍﻟﻨﻬﺎﻳﺔ ﺍﻻﲡﺎﻩ ﺍﻟﻨﺎﺯﻝ ﺳﻮﻑ ﻳﺴﺘﻤﺮ‪..‬‬

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 ‫‪31- Belt Hold Bearish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﻨﺨﻔﻈﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺔ ﻭﺍﺣﺪﺓ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪- - - - - :‬‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﻇﻬﻮﺭ ﻳﻮﻡ ﺍﺳﻮﺩ ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ ﻭﻳﻜﻮﻥ ﺑﺪﻭﻥ ﻇﻞ ﻋﻠﻮﻱ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﰲ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ ﻳﻈﻬﺮ ﺟﺴﻢ ﺍﺳﻮﺩ ﻟﻪ ﺍﻓﺘﺘﺎﺡ ﻳﻜﻮﻥ ﺩﺍﺋﻤﹰﺎ ﺃﻋﻠﻰ ﺳﻌﺮ ﺑﺎﻟﻨﺴﺒﺔ ﻟﻠﻴﻮﻡ‪ ،‬ﻫﺬﺍ ﺭﲟﺎ ﻳﻜﻮﻥ ﺑﺴﺒﺐ ﺍﻟﻜﺜﲑ ﻣﻦ ﻋﻤﻠﻴﺎﺕ‬
‫ﺍﻟﺒﻴﻊ ﻭﰲ ﺍﻟﻨﻬﺎﻳﺔ ﺗﻌﺘﱪ ﻋﻤﻠﻴﺎﺕ ﺍﻟﺒﻴﻊ ﻫﺬﻩ ﺃﺷﺎﺭﺓ ﺇﱃ ﻋﻤﻠﻴﺔ ﻋﻜﺲ ﺍﻻﲡﺎﻩ ‪..‬‬

‫‪32- Hanging Man Bearish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﻨﺨﻔﻈﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺔ ﻭﺍﺣﺪﺓ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪- - - - - :‬‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺟﺴﻢ ﺣﻘﻴﻘﻲ ﺻﻐﲑ ﰲ ﺍﻟﻨﻬﺎﻳﺔ ﺍﻟﻌﻠﻴﺎ ﳌﺪﻯ ) ﳎﺎﻝ ( ﺍﻟﺘﺪﺍﻭﻝ ﺑﺎﻹﺿﺎﻓﺔ ﺇﱃ ﻇﻞ ﺳﻔﻠﻲ ﻳﻜﻮﻥ ﻃﻮﻟﻪ ﻋﻠﻰ ﺍﻷﻗﻞ ﺿﻌﻒ ﺍﳉﺴﻢ ﺍﳊﻘﻴﻘﻲ ﻣﺮﺗﲔ‬
‫ﻭﻻ ﻳﻮﺟﺪ ﰲ ﺍﻟﻐﺎﻟﺐ ﻇﻞ ﻋﻠﻮﻱ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﻫﻨﺎﻙ ﻋﻤﻠﻴﺔ ﺑﻴﻊ ﺣﺎﺩﺓ ﺑﻌﺪ ﺍﻓﺘﺘﺎﺡ ﺍﻟﺴﻮﻕ ﺃﺗﻨﺎﺀ ﺍﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺼﺎﻋﺪ‪ ،‬ﻋﻠﻰ ﺃﻳﺔ ﺣﺎﻝ ﺑﻨﻬﺎﻳﺔ ﻳﻮﻡ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺴﻮﻕ ﻳﻐﻠﻖ ﻋﻠﻰ ﺃﻭ ﺑﺎﻟﻘﺮﺏ ﻣﻦ‬
‫ﺃﻋﻠﻰ ﺳﻌﺮ ﰲ ﺍﻟﻴﻮﻡ ﻭﻫﺬﺍ ﻳﺒﲔ ﺇﻣﻜﺎﻧﻴﺔ ﻋﻤﻠﻴﺎﺕ ﺑﻴﻊ ﺣﺎﺩﺓ ﻣﺮﺓ ﺃﺧﺮﻯ‪ ،‬ﻭﻻﻥ ﺣﻘﻴﻘﻴﺔ ﻫﺬﺍ ﺍﳌﺆﺷﺮ ﺍﻧﻪ ﻣﺆﺷﺮ ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ ( ﻓﺎﻥ ﺗﺄﻛﻴﺪ‬
‫ﺍﻧﻌﻜﺎﺱ ﺍﻻﲡﺎﻩ ﳝﻜﻦ ﺃﻥ ﻳﻜﻮﻥ ﺑﻮﺍﺳﻄﺔ ﻳﻮﻡ ﺍﺳﻮﺩ ﻣﺼﺤﻮﺏ ﺑﺈﻏﻼﻕ ﻣﻨﺨﻔﺾ ﺃﻭ ﻓﺠﻮﺓ ﻛﺒﲑﺓ ﻣﻨﺨﻔﻀﺔ ﺇﱃ ﺃﺳﻔﻞ ﰲ ﻳﻮﻡ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺘﺎﱄ‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ‬
‫ﻳﺸﺒﻪ ﳕﻮﺫﺝ ) ‪ Dragonfly Doji ( Inverted UMBRELLA‬ﻟﻜﻨﻪ ﺍﻗﻞ ﺛﻘﺔ ﻣﻨﻪ‪..‬‬

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 ‫‪33- Harami Bearish:‬‬
‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﻨﺨﻔﻈﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺘﲔ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪ :‬ﻳﻨﺘﺞ ﻋﻨﻪ ﴰﻌﺔ ﺑﻴﻀﺎﺀ ﺫﺍﺕ ﻇﻞ ﻋﻠﻮﻱ ﻃﻮﻳﻞ‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﻇﻬﻮﺭ ﻳﻮﻡ ﺍﺑﻴﺾ ﻃﻮﻳﻞ ﻭﺍﻟﻴﻮﻡ ﺍﻟﺜﺎﱐ ﻳﻜﻮﻥ ﻳﻮﻡ ﺃﺳﻮﺩ ﻭﻳﻜﻮﻥ ﻣﺒﺘﻠﻊ ﺑﺎﻟﻜﺎﻣﻞ ﺩﺍﺧﻞ ﺍﳉﺴﻢ ﺍﳊﻘﻴﻘﻲ ﻟﻠﻴﻮﻡ ﺍﻷﻭﻝ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﺑﻌﺪ ﺍﻟﻴﻮﻡ ﺍﻷﺑﻴﺾ ﺍﻟﻄﻮﻳﻞ ﰲ ﺍﻟﻨﻬﺎﻳﺔ ﺍﻟﻌﻠﻴﺎ ﺑﺎﻟﻨﺴﺒﺔ ﻻﲡﺎﻩ ﺍﻟﺘﺪﺍﻭﻝ ﺗﻔﺘﺢ ﺍﻟﺸﻤﻌﺔ ﺍﻟﺴﻮﺩﺍﺀ ﺍﻗﻞ ﻣﻦ ﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﻭﺍﻟﺘﺪﺍﻭﻝ ﻳﻜﻮﻥ‬
‫ﺧﻔﻴﻒ ﻭﺍﻟﻴﻮﻡ ﻳﻨﺘﻬﻲ ﻣﻊ ﺇﻏﻼﻕ ﺍﻗﻞ ﻣﻦ ﺍﻻﻓﺘﺘﺎﺡ ﻭﻳﻜﻮﻥ ﺿﻤﻦ ) ﺩﺍﺧﻞ ( ﺟﺴﻢ ﺍﻟﻴﻮﻡ ﺍﻷﻭﻝ ﻭﻫﺬﻩ ﺇﺷﺎﺭﺓ ﺇﱃ ﺃﻥ ﺍﻻﲡﺎﻩ ﺍﳊﺎﱄ ﻓﻘﺪ ﺍﻟﻘﻮﺓ‪ ،‬ﻭﻫﺬﺍ ﺍﳌﺆﺷﺮ‬
‫ﳚﺐ ﺃﻥ ﻳﺘﻢ ﺗﺄﻛﻴﺪﻩ ﺑﺸﻤﻌﺔ ﻳﻮﻡ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺘﺎﱄ ﺣﻴﺚ ﺗﺘﺎﺑﻊ ﻋﻤﻠﻴﺔ ﻋﻜﺲ ﺍﻻﲡﺎﻩ‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﻜﻮﻥ ﺍﻟﻴﻮﻣﲔ ﺍﻷﻭﻝ ﻭﺍﻟﺜﺎﱐ‬
‫ﻣﻦ ﳕﻮﺫﺝ ‪..Three Inside‬‬

‫‪34- Shooting Star Bearish:‬‬

‫‪ -‬اﻟـــﻨـــﻤــﻮذج‪ :‬ﺍﻧﻌﻜﺎﺳﻲ‬
‫‪ -‬اﻟـــﻨـــﺰﻋــــﺔ‪ :‬ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ (‬
‫‪ -‬اﻟــــﺜـــﻘـــــﺔ‪ :‬ﻣﻨﺨﻔﻈﺔ‬
‫‪ -‬ﻋﺪد اﻟﺸﻤﻮع‪ :‬ﴰﻌﺔ ﻭﺍﺣﺪﺓ‬
‫‪ -‬دﻣﺞ اﻟﻨﻤﻮذج‪- - - - - :‬‬

‫◊ وﺻـﻒ اﻟـﻨـﻤــﻮذج‪:‬‬
‫ﺟﺴﻢ ﺣﻘﻴﻘﻲ ﺻﻐﲑ ﰲ ﺍﻟﻨﻬﺎﻳﺔ ﺍﻟﻌﻠﻴﺎ ﻟﻨﻄﺎﻕ ) ﳎﺎﻝ ( ﺍﻟﺘﺪﺍﻭﻝ ﻭﺍﻟﺴﻌﺮ ﻳﻔﺘﺢ ﺑﻔﺠﻮﺓ ﺑﺎﻹﺿﺎﻓﺔ ﺍﱃ ﻇﻞ ﻋﻠﻮﻱ ﻭﻳﻜﻮﻥ ﻃﻮﻟﻪ ﻋﻠﻰ ﺍﻷﻗﻞ ﺛﻼﺙ‬
‫ﻣﺮﺍﺕ ﻃﻮﻝ ﺍﳉﺴﻢ ﺍﳊﻘﻴﻘﻲ ﻭﻻ ﻳﻮﺟﺪ ﻇﻞ ﺳﻔﻠﻲ ﰲ ﺍﻟﻐﺎﻟﺐ‪..‬‬

‫◊ ﺗﻔﺴﻴﺮ اﻟـﻨـﻤـﻮذج‪:‬‬
‫ﺍﻟﺴﻮﻕ ﻳﻔﺘﺢ ﺑﻔﺠﻮﺓ ﻓﻮﻕ ﺇﻏﻼﻕ ﺍﻟﻴﻮﻡ ﺍﻟﺴﺎﺑﻖ ﰲ ﺍﻻﲡﺎﻩ ﺍﻟﺼﺎﻋﺪ ﻭﻳﺘﺤﺴﻦ ﺇﱃ ﺃﻥ ﻳﺼﻞ ﺇﱃ ﺍﺭﺗﻔﺎﻉ ﺟﺪﻳﺪ ﻭﺑﻌﺪ ﺫﻟﻚ ﻳﻔﻘﺪ ﺍﻟﻘﻮﺓ ﻭﻳﻐﻠﻖ‬
‫ﺑﺎﻟﻘﺮﺏ ﻣﻦ ﺍﻗﻞ ﺳﻌﺮ ﻭﻫﺬﺍ ﻳﻌﺘﱪ ﺗﻐﲑ ﻣﺘﺸﺎﺋﻢ ) ﻣﺘﻮﻗﻊ ﻟﻠﻬﺒﻮﻁ ( ﰲ ﺍﻟﺰﺧﻢ ) ﺍﻟﻘﻮﺓ ﺍﻟﺪﺍﻓﻌﺔ (‪ ،‬ﺗﺄﻛﻴﺪ ﻋﻤﻠﻴﺔ ﻋﻜﺲ ﺍﻻﲡﺎﻩ ﳚﺐ ﺃﻥ ﺗﻜﻮﻥ ﺑﺎﻓﺘﺘﺎﺡ ﲢﺖ‬
‫) ‪Gravestone Doji ( Inverted UMBRELLA‬‬ ‫ﰲ ﻳﻮﻡ ﺍﻟﺘﺪﺍﻭﻝ ﺍﻟﺘﺎﱄ‪ ،‬ﻫﺬﺍ ﺍﻟﻨﻤﻮﺫﺝ ﻳﺸﺒﻪ ﳕﻮﺫﺝ ﺍﻟـ‬ ‫‪Shooting Star‬‬ ‫ﺟﺴﻢ ﺍﻟـ‬
‫ﻟﻜﻨﻪ ﺍﻗﻞ ﺛﻘﺔ ﻣﻨﻪ‪ ..‬‬
‫‪ ‬‬
‫‪ ‬‬
‫‪ ‬‬
‫‪ ‬‬

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 :( ‫ﻣﻠﺨﺺ اﻟﻨﻤﺎذج اﻟﻤﺘﻔﺎﺋﻠﺔ ) اﻟﻤﺘﻮﻗﻌﺔ ﻟﻠﺼﻌﻮد‬
:‫أ – اﻟﻨﻤﺎذج ﻋﺎﻟﻴﺔ اﻟﺜﻘﺔ‬

Abandoned Baby Concealing Baby Swallow Kicking Morning Doji Star

Morning Star Three Inside Up Three Outside Up Mat Hold

Rising Three Methods Side By Side White Lines Three White Soldiers

:‫ب – اﻟﻨﻤﺎذج ﻣﺘﻮﺳﻄﺔ اﻟﺜﻘﺔ‬

Dragonfly Doji
Breakaway Engulfing Homing Pigeon
( UMBRELLA )

Gravestone Doji
Ladder Bottom Matching Low Meeting Lines
( INVERTED UMBRELLA )

58
 Piercing Line Stick Sandwich Three Stars In The South Tri Star

Unique Three River Bottom Doji Star Upside Gap Three Methods Upside Tasuk Gap

 
:‫ اﻟﻨﻤﺎذج ﻣﻨﺨﻔﻀﺔ اﻟﺜﻘﺔ‬-‫ج‬

Belt Hold Hammer Harami Harami Cross

Inverted Hammer Separating Lines Three Line Strike

 
 
 
 
 
 
 
 
 
 
 

59
 :( ‫ﻣﻠﺨﺺ اﻟﻨﻤﺎذج اﻟﻤﺘﺸﺎﺋﻤﺔ ) اﻟﻤﺘﻮﻗﻌﺔ ﻟﻠﻬﺒﻮط‬
:‫ اﻟﻨﻤﺎذج ﻋﺎﻟﻴﺔ اﻟﺜﻘﺔ‬-‫أ‬

Abandoned Baby Dark Cloud Cover Evening Doji Star Evening Star

Identical Three Crows Kicking Three Inside Down Three Outside Down

Falling Three Methods Three Black Crows Upside Gap Two Crows

 
:‫ اﻟﻨﻤﺎذج ﻣﺘﻮﺳﻄﺔ اﻟﺜﻘﺔ‬-‫ب‬

Advance Block Breakaway Deliberation Engulfing

Dragonfly Doji Gravestone Doji

Harami Cross Meeting Lines
( UMBRELLA ) ( INVERTED UMBRELLA )

60
 Tri Star Two Crows Doji Star Downside Gap Three Methods

Downside Tasuki Gap In Neck On Neck Side By Side White Lines

 
:‫ اﻟﻨﻤﺎذج ﻣﻨﺨﻔﻀﺔ اﻟﺜﻘﺔ‬-‫ج‬

Separating Lines Three Line Strike Thrusting Belt Hold

Hanging Man Harami Shooting Star

 
 

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 ‫◊ اﻟـﺨـﺎﺗـﻤـﺔ‪:‬‬
‫ﺐ ﺣﻼﻝ ﻭﳜﺸﻰ ﺍﷲ ﰲ ﻣﻌﺎﻣﻼﺗﻪ ﻭﰲ ﲡﺎﺭﺗﻪ‬
‫ﰲ ﺍﳋﺘﺎﻡ ﺃﲤﲎ ﻣﻦ ﺍﷲ ﺍﻟﻌﻠﻲ ﺍﻟﻘﺪﻳﺮ ﺃﻥ ﻳﻨﻔﻊ ‪‬ﺬﺍ ﺍﻟﻌﻤﻞ ﻭﺍﻥ ﳚﻌﻠﻪ ﻣﻌﻴﻨﺎ ﻟﻚ ﻣﺴﻠﻢ ﻳﺴﻌﻰ ﺇﱃ ﻛﺴ ٍ‬
‫ﻭﻳﺆﺩﻱ ﺣﻖ ﺍﷲ ﰲ ﻣﺎﻟﻪ ﻭﻻ ﻳﺘﺒﻊ ﺳﺒﻴﻞ ﻣﻦ ﺃﺿﻠﻪ ﺍﷲ ﻭﺃﻋﻤﻰ ﻗﻠﺒﻪ‪..‬‬

‫ﻭ ﺇﻥ ﺃﺻﺒﺖ ﻓﻤﻦ ﺍﷲ ﻭﺣﺪﻩ ﻭﺍﻥ ﺃﺧﻄﺄﺕ ﻓﻤﲏ ﻭﻣﻦ ﺍﻟﺸﻴﻄﺎﻥ ﻭﺍﻟﻜﻤﺎﻝ ﷲ ﻭﺣﺪﻩ ﺳﺒﺤﺎﻧﻪ ﻭﺗﻌﺎﱃ ﻭﻣﺎ ﺃﻧﺎ ﺇﻻ ﺑﺸﺮ ﲡﺮﻱ ﻋﻠﻲ ﺃﻗﺪﺍﺭ ﺍﷲ‪..‬‬

‫ﻭ ﻛﻞ ﻣﺎ ﺃﲤﻨﺎﻩ ﻣﻨﻚ ﺑﻌﺪ ﺃﻥ ﻗﺮﺃﺕ ﻭﺍﻃﻠﻌﺖ ﻋﻠﻰ ﻫﺬﻩ ﺍﻟﺼﻔﺤﺎﺕ ﺃﻥ ﲣﺮﺑﲏ ﻋﻦ ﺃﻱ ﻣﻼﺣﻈﺎﺕ ﺃﻭ ﺍﺳﺘﻔﺴﺎﺭﺍﺕ ﺃﻭ ﺧﻄﺄ ﻋﻠﻰ ﻫﺬﺍ ﺍﻟﻌﻨﻮﺍﻥ‬
‫‪Last_Steps@Msn.Com‬‬

‫ﻭ ﺃﲤﲎ ﻟﻠﺠﻤﻴﻊ ﻛﻞ ﺍﻟﺴﻌﺎﺩﺓ ﻭﺍﻟﺘﻮﻓﻴﻖ ﰲ ﺍﻟﺪﻧﻴﺎ ﻭﰲ ﺍﻵﺧﺮﺓ ‪،،،‬‬

‫ﻭﺍﱃ ﺍﻟﻠﻘﺎﺀ‪....‬‬

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 ‫◊ اﻟـﻤـﺮاﺟـﻊ‪:‬‬
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‫‪ -‬ﺑﺎﻹﺿﺎﻓﺔ ﺇﱃ ﺃﻛﺜﺮ ﻣﻦ ‪ 5‬ﻣﻘﺎﻻﺕ ﻭﺩﺭﻭﺱ ﺍﳒﻠﻴﺰﻳﺔ ﻣﻦ ﻣﺼﺎﺩﺭ ﻣﺘﻨﻮﻋﺔ‪..‬‬

‫‪ -‬ﺑﺎﻹﺿﺎﻓﺔ ﺇﱃ ﻣﻮﺍﺿﻴﻊ ﻭﻣﻘﺎﻻﺕ ﳐﺘﻠﻔﺔ ﻣﻦ ﺍﳌﻨﺘﺪﻳﺎﺕ ﺍﻟﻌﺮﺑﻴﺔ ﻭﺍﳌﻌﺘﻤﺪﺓ ﻋﻠﻰ ﻧﻔﺲ ﺍﳌﺼﺎﺩﺭ ﺍﻻﳒﻠﻴﺰﻳﺔ‪..‬‬

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 ‫◊ اﻟــﻨــﺎﺷــﺮ‪:‬‬

‫ﺷﺒﻜﺔ ﺇﻋﻼﻧﺎﺕ ﺍﻟﻌﺮﺏ‪ ..‬ﻭﺳﻴﻠﺔ ﺇﻋﻼﻧﺎﺕ ﻫﺪﻓﻬﺎ ﺩﺍﺋﻤﹰﺎ ﺭﺑﻂ ﻛﻞ ﺍﻟﻌﺮﺏ ﻋﱪ ﺃﺩﺍﺓ ﺍﺗﺼﺎﻝ ﻭﺍﺣﺪﺓ ﻭﻋﻦ ﻃﺮﻳﻖ ﺷﺒﻜﺔ ﻭﺍﺣﺪﺓ ﻭﻋﻨﻮﺍﻥ ﻭﺍﺣﺪ‬
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‫ﻭﻫﺬﺍ ﻣﺎ ﺗﺘﻤﻴﺰ ﺑﻪ ﺷﺒﻜﺔ ﺇﻋﻼﻧﺎﺕ ﺍﻟﻌﺮﺏ ﻋﻦ ﻣﻮﺍﻗﻊ ﺍﻹﻋﻼﻧﺎﺕ ﺍﻷﺧﺮﻯ‪...‬‬

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