The pattern, Nison explains, shows how “selling pressure overwhelms buying force.” In a “bearish engulfing,” the S&P 500 closes at a recent high, opens higher the next day, then does an about-face to close back below the previous session’s open. Today’s charts are concerning because of the four “bearish engulfing” candlestick patterns that have appeared since the S&P 500 peaked in May, according to Nison. And candlestick charts, Nison would argue, are the best way to gauge that because they include more data than other charting methods.īears have engulfed bulls at key resistance “The tougher the market, the more the need for education.”Īs the Wall Street saying goes, it’s not the news that’s important to investors. “As a general rule, when the market goes up, people don’t feel like they need as much help,” Nison said. He says business picks up when uncertainty increases, and slows during extended bull markets. The best-selling product of Nison’s company,, is software that automatically scans for prominent candlestick patterns. * A greater spotlight on capital preservation.Steven Nison sees the market by candlelight. * New Western techniques in combination with candles * More focus on active trading for swing, online and day traders * All new charts including more intra-day markets This totally updated revision focuses on the needs of today’s traders and investors with: Informed by years of research from a pioneer trader, this book covers everything you need to know, including hundreds of examples that show how candlestick techniques can be used in all of today’s markets. Japanese Candlestick Charting Techniques is the most comprehensive and trusted guide to this essential technique. Known for its versatility, this ancient charting can be fused with every other technical tool available, including traditional Western technical analysis. The ultimate guide to a critical tool for mastering the financial marketsĪ longstanding form of technical analysis, Japanese candlestick charts are a dynamic and increasingly popular technical tool for traders of all skill levels.
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