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Here is a perfect example of the bearish forecasting ability of the Japanese Candlestick “Bearish Engulfing Pattern.” This example occurred today, March 5, 2012, in the 30-minute chart of Apple Inc. In Candlestick parlance, the term “Real Body” means the price distance between the Opening price and the Closing price. It is simply a “fattened-out” [...]  A rare bearish Japanese Candlestick Reversal Warning Pattern has emerged today in the Daily chart of the Dow Jones Industrial Average. The pattern bears a very strong resemblance to the one which accurately predicted the Crash of 1987 several weeks before the appearance of “Black Monday.” This pattern is a “Unique Double Doji.” A “Doji” [...] Today, the Dow sparked to a new High at 13037.37; but at the end of the day prices had formed a Japanese Candlestick Bearish Engulfing Pattern, which, as the name implies, is a bearish warning. In this example, the Real Body of the tall black candle completely engulfed the Real Bodies of the four price [...] To the best of my knowledge, the Japanese Candlestick “Waterfall” Trend Reversal Warning Pattern is not shown or discussed in any of the literature. Still, I have seen it often enough, and I have seen it “work” often enough when it appears at the top of a persistent uptrend if, at the same time, evidence [...] A day later, we can see that the Japanese Candlestick Reversal Pattern is beginning to produce bearish fruit. Prices are clearly lower. They appear (at the moment) to be forming a “1,2 – 1,2 (down, up – down, up”) series; and the wave now in formation may be a “third wave down” which ought to [...] Today’s “Osaka Clipper” Japanese Candlestick Trend Reversal Warning Pattern in the 60-minute chart of the Dow Industrials, and the Dow High of 13004.97 that was an integral part of it, may have marked the top end of the rally which began on October 4, 2012 as well as “Wave 2 Up of Primary Degree” in [...] It is very rare that we receive the benefit of a multiplicity of Candlestick Trend Reversal Warning Patterns, one after the other, one of which predicts an immediate (i.e., literally within minutes) reversal and others, which appear as of the end of the trading day, which predict a longer-term downturn. Today was one of those [...] The “Hammer” is a very reliable Japanese Candlestick Reversal Warning Pattern. It is called a “Hammer” because it looks like one! It appears at the bottom of an extended downtrend. It is a bullish signal. Oftentimes, it will ignite a substantial price rise, as it did in this example of Amerisafe shares. The “Real Body” [...] Japanese Candlesticks are champion trend-reversal spotters. They can spot a reversal coming, even though it may not yet be fully formed. Actually, of course, it isn’t the pattern which identifies the change in trend; it’s your own eye that does the work, by its instantaneous and intuitive interpretation of the pattern. The Candles work in [...] It is nearly a certainty that the Dow Jones Industrial Average posted a top and a reversal of trend in January 2012. The top and the reversal are illuminated by two charts of the Dow in Japanese Candlestick display. The 180-minute chart of the Dow reveals a telling, although imperfect, “Shooting Star” reversal bar. Typically, [...] |
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