CANDLE

CHARTING
INTRODUCTION

 THIS IS ONE OF THE OLDEST

FORM OF CHARTING
 INTRODUCTION

THIS IS COMPLETE IN ITSELF WITH FORECASTING VALUE

WHAT FORMS THE
CANDLE
 OPEN

 HIGH

 LOW

 CLOSE
 CANDLE
HIGH

CLOSING

OPENING

LOW
CANDLE SHADOW

BODY

SHADOW
CANDLES
 BODY HAS TWO COLORS

 BLACK

 OR

 WHITE
WHAT DETERMINES
THE COLOR OF THE
CANDLE
OPENING & CLOSING
WHITE
 IF OPENING IS

 LOWER THEN

 CLOSING
WHITE CANDLE
 BULLISH  CLOSING WAS

 HIGHER THEN
 BECAUSE
 OPENING
OPENING & CLOSING

BLACK
 IF OPENING IS

 HIGHER THEN

 CLOSING
BLACK CANDLE
 BEARISH  CLOSING IS

 BECAUSE  LOWER THEN

 OPENING
TECHNICAL DETAILS
OPENING AND CLOSING

DETERMINE THE SIZE OF BODY

?
TECHNICAL DETAILS

HIGH AND LOW DETERMINE

UPPER AND LOWER SHADOW

TECHNICAL DETAILS
UPPER
SHADOW

SHADOW LOWER
COMPLETE CANDLE
BODY

SHADOW
 TYPES OF CANDLE
NO UPPER
SHADOW

LONG BODY
TYPES OF CANDLE

SMALL BODY

NO LOWER SHADOW
 TYPES OF CANDLE
SMALL BODY

SPINNING TOP

SMALL SHADOW
TYPES OF CANDLE
 WHEN  DOJI
 OPENING
 AND
 CLOSING
 ARE
 SAME
 OR
 CLOSE
 TO EACH
OTHER
 NEXT DAY PRICE
 PRICE UP  DOJI

 MARKET
 OVERBOUGHT
 NEXT DAY PRICE
 PRICE DOWN  DOJI

 MARKET
 OVERSOLD
 HIGH

LOW

Grave stone Dragon fly

If Formed On Market bottom If Formed On
Market top
Buy On High
Sell On LOW
ENGULFING
 WHEN AN

 OPPOSITE
COLOR
LARGE
BODY
 CANDLE
ENGULFS

 THE SMALLER
CANDLE SMALL BODY
NEXT DAY PRICE
 BLACK CANDLE BEARISH
ENGULFING
 ENGULFING

 PREVIOUS

 DAY

 WHITE CANDLE
NEXT DAY PRICE
 WHITE CANDLE  BULLISH

 ENGULFING

 BLACK CANDLE
HAMMER
 SHADOW AT LEAST DOUBLE OF
BODY
SMALL BODY

LONG SHADOW
NEXT DAY

HAMMER
NEXT DAY

HANGING MAN
 REVERSE HAMMER

SHADOW AT LEAST DOUBLE OF BODY

SMALL BODY
SHOOTING STAR
 REVERSE
HAMMER
REVERSE HAMMER
 PIERCING NEXT DAY
 MARKET IN  SECOND WHITE
DOWNTREND BODY

 FIRST BLACK
BODY

WHITE BODY HALF WAY UP

THE BLACK CANDLE

 DARK CLOUD
 MARKET IN UP  SECOND BLACK
TREND CANDLE

BLACK CANDLE CLOSES HALFWAY IN WHITE BODY

Harami next day

A small
black body

Large white
body
Harami next day price
Evening star next day
price

Watch On
Daily Chart
Morning star next day
price
Next Steps
 Summarize any actions required of
your audience
 Summarize any follow up action
items required of you