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Mr Candlestick
Beyond Candlesticks, New Japanese Charting Techniques Reveled, written by Steve Nison, Mr Candlestick. I pick up this book from the local library.
Before Steve Nison reveal it to the Western world in 1989, the candlestick already use in Japan. As early as 1600s, Japanese rice futures used it.
Straits Times Index ^STI 2014 to 2015 Monthly Chart – November 23, 2015
Let try the candlestick over the 2014 and 2015, picture worth a thousand words, see the below chart for more. Special Doji, Hanging Man candlestick. The market is bearish.
November 23, 2015 Straits Times Index, 2014 to 2015 Monthly Chart
Straits Times Index Monthly Chart for 2015
Can the market end with bull? Will see! Candlestick No 9 and 10 provides a bullish clue; No 10 closed higher. But the bull did not keep up with the momentum. No 11 candlestick is inside the No 10 candlestick. There are another thirty more trading days before the year end.
November 23, 2015 Straits Times Index 2015 Monthly Chart
You can read about other stock scan and analysis here. Hope these analysis can value add your trading strategy.
Moses STI Scan
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