Japanese Candlestick Charting Techniques PDF

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More Information About Book:

Name of BookJapanese Candlestick Charting Techniques
Name of AuthorSteve Nison
Language of BookEnglish
Size of Book10 MB
Total pages in Ebook298
Category of BookTechnical
Source Archive

Japanese Candlestick Charting Techniques PDF, a book by Steve Nison that teaches traders how to use the ancient Japanese method of candlestick charting to analyze and trade the financial markets:

The book begins by explaining the origin and evolution of candlestick charts, which are graphical representations of price movements that use different shapes and colors to indicate the open, high, low, and close of each trading period.

The book then introduces the basic concepts and principles of candlestick analysis, such as the reversal and continuation patterns, the bullish and bearish signals, the confirmation and contradiction indicators, and the market psychology behind the candlestick formations.

The book then covers the most important and reliable candlestick patterns, such as the doji, the hammer, the hanging man, the shooting star, the engulfing pattern, the piercing pattern, the dark cloud cover, the harami, the morning and evening star, the three white soldiers and the three black crows, the rising and falling three methods,

the three inside up and down, the three outside up and down, the three stars in the south and the north, the tower tops and bottoms, the counterattack lines, the separating lines, the meeting lines, the belt hold lines, the breakaway gaps, the runaway gaps, the exhaustion gaps, the island reversals, the windows, the high wave, the long legged doji, the gravestone doji, the dragonfly doji, the four price doji, the spinning tops, the marubozu, and the tasuki gap.

The book also shows how to combine candlestick charts with other technical analysis tools and techniques, such as trend lines, support and resistance levels, moving averages, oscillators, volume, Fibonacci retracements, Elliott waves, and point and figure charts. The book also provides practical examples and case studies of candlestick analysis applied to various markets and time frames, such as stocks, futures, options, and forex.

The book is written in a clear and comprehensive style, with illustrations and charts to demonstrate the candlestick patterns and signals. The book also includes quizzes and exercises to test the reader’s knowledge and skills. The book suits traders of all levels who want to learn how to use candlestick charts to improve their trading performance and profitability.

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Candle charts use the same open, high, low, and close data as the traditional Western bar chart. With this in mind, a bar chart is shown in Exhibit 3.1. Exhibit 3.2 is a candle chart of the same price information as the bar chart.

Prices seem to jump off the page on the candle chart. It presents a stereoscopic view of the market as it pushes the flat, two-dimensional bar chart into almost a three-dimensional aspect. Candle charts are visually stimulating. Exhibit 3.3 shows how the same data looks on a bar chart and then a candle chart.


The rectangular sections of the candle lines in Exhibits 3.4 to 3.6 are called the real body. The real body represents the range between the session’s open and close. When the real body is black (i.e., filled), it means the close of the session was lower than the open. If the real body is white (i.e., empty), it shows the close was higher than the open.

The thin lines above and below the real body are the shadows (these names are almost lyrical-the real body and the shadows of these real bodies.) These shadows represent the session’s price extremes. The shadow above the real body is called the upper shadow and the shadow below the real body is the lower shadow.

Accordingly, the peak of the upper shadow is the high of the session and the bottom of the lower shadow is the low of the session.
If a candle line has no upper shadow, it is said to have a shaven head. A candle line with no lower shadow has a shaven bottom.

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