Candlestick Charting For Dummies. Russell Rhoads

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      List of Tables

      1 Chapter 4TABLE 4-1 Monthly Professional versus Nonprofessional Fees

      List of Illustrations

      1 Chapter 1FIGURE 1-1: Bullish and bearish candlesticks side by side.

      2 Chapter 2FIGURE 2-1: A bar versus a candlestick.FIGURE 2-2: Bearish and bullish days on a candlestick.FIGURE 2-3: Two candles showing a classic gap opening.FIGURE 2-4: A common candlestick sell pattern.FIGURE 2-5: A line chart.FIGURE 2-6: A single bar from a bar chart.FIGURE 2-7: A run-of-the-mill bar chart.FIGURE 2-8: A point and figure chart.

      3 Chapter 3FIGURE 3-1: Futures contracts that trade almost around the clock.FIGURE 3-2: Daily chart of Swiss Franc futures using only pit trading data (A) ...FIGURE 3-3: Daily candlestick chart of Alphabet, with volume information includ...FIGURE 3-4: A simple example of how open interest is created.FIGURE 3-5: A candlestick chart of the soybean market futures with open interes...FIGURE 3-6: A chart that includes a moving average.FIGURE 3-7: A chart that includes RSI.FIGURE 3-8: Insider trading activity included on a candlestick chart.

      4 Chapter 4FIGURE 4-1: A candlestick chart created on the Yahoo! Finance websit...FIGURE 4-2: A candlestick chart created on the Barchart website.FIGURE 4-3: A candlestick chart created on the CNBC website.FIGURE 4-4: A basic candlestick chart created using Microsoft Excel.FIGURE 4-5: A basic candlestick chart with a five-period moving average created...FIGURE 4-6: A basic candlestick chart with a 20-period moving average created i...FIGURE 4-7: A basic Excel candlestick chart with a trendline added.FIGURE 4-8: A basic Excel candlestick chart with volume.

      5 Chapter 5FIGURE 5-1: A long white candle.FIGURE 5-2: A 30-minute chart that produces a long white candle on a daily char...FIGURE 5-3: A long white candle followed by a nice buying opportunity.FIGURE 5-4: A chart showing the failure of a long white candle to hold support ...FIGURE 5-5: A white marubozu.FIGURE 5-6: A closing long white candle.FIGURE 5-7: An opening long white candle.FIGURE 5-8: A variety of dojis.FIGURE 5-9: A dragonfly doji.FIGURE 5-10: The bullish significance of the dragonfly doji.FIGURE 5-11: Intraday action that results in a dragonfly doji on a daily chart.FIGURE 5-12: A dragonfly doji that pays off.FIGURE 5-13: A dragonfly doji that doesn’t work out too well.FIGURE 5-14: A long black candle.FIGURE 5-15: A 30-minute chart that produces a long black candle on a daily cha...FIGURE 5-16: A black marubozu.FIGURE 5-17: A closing long black candle.FIGURE 5-18: An opening long black candle.FIGURE 5-19: A long black candle that provided a nice sell signal.FIGURE 5-20: A long black candle as a failing sell signal.FIGURE 5-21: A bearish gravestone doji.FIGURE 5-22: A 30-minute chart of a day that created a gravestone doji on a dai...FIGURE 5-23: A great example of the gravestone doji working as a sell signal.FIGURE 5-24: The gravestone doji failing.

      6 Chapter 6FIGURE 6-1: A QQQ chart with a nice uptrend.FIGURE 6-2: An IWM chart with a nice downtrend.FIGURE 6-3: A long legged doji.FIGURE 6-4: A 30-minute chart that creates a long legged doji in a daily chart.FIGURE 6-5: IWM ETF with a nice buy signal from a long legged doji.FIGURE 6-6: A long legged doji buy signal in silver futures that failed quickly...FIGURE 6-7: A long legged doji sell signal on silver futures that worked out qu...FIGURE 6-8: A long legged doji sell signal on Bitcoin futures that failed.FIGURE 6-9: A variety of dojis.FIGURE 6-10: A regular long doji appearing in a chart of CMG stock.FIGURE 6-11: A regular long doji appearing (and failing) in a chart of FB stock...FIGURE 6-12: A short doji in a chart of AMC stock.FIGURE 6-13: Short dojis failing on crude oil futures.FIGURE 6-14: Examples of spinning tops.FIGURE 6-15: A long spinning top in a chart of GOOG stock.FIGURE 6-16: A long spinning top in the QQQ ETF that failed.FIGURE 6-17: A short spinning top in a chart of MSFT stock.FIGURE 6-18: Spinning tops in a GOOG chart that didn’t pan out.FIGURE 6-19: Textbook example of a long belt hold.FIGURE 6-20: Textbook example of a short belt hold.FIGURE 6-21: A long belt hold in a chart of AMZN stock.FIGURE 6-22: A failing bullish (long) belt hold in a chart of GOOG stock.FIGURE 6-23: A nice short belt hold signal in a chart of AMZN stock.FIGURE 6-24: A bearish belt hold in the QQQ ETF chart.FIGURE 6-25: A hammer or hanging man, depending on the market context.FIGURE 6-26: A hammer with confirmation in a chart of TSLA stock.FIGURE 6-27: A hammer with no confirmation in a chart of TSLA stock.FIGURE 6-28: A hanging man short signal in a chart of CMG stock.FIGURE 6-29: A failing hanging man short signal on Bitcoin futures.

      7 Chapter 7FIGURE 7-1: A bullish engulfing pattern.FIGURE 7-2: A bullish engulfing pattern developing in a chart of natural gas fu...FIGURE 7-3: A bullish engulfing pattern that fails in a chart of corn futures.FIGURE 7-4: A bullish harami pattern.FIGURE 7-5: A bullish harami in a chart of WMT stock.FIGURE 7-6: A bullish harami in a chart of corn futures followed by more bearis...FIGURE 7-7: A bullish harami cross pattern.FIGURE 7-8: A bullish harami cross in a chart of PEP stock.FIGURE 7-9: A failed bullish harami cross in a chart of NVDA stock.FIGURE 7-10: The bullish inverted hammer pattern.FIGURE 7-11: The bullish inverted hammer confirmed in a chart of the XLF ETF.FIGURE 7-12: A failed bullish inverted hammer in a chart of gold futures.FIGURE 7-13: The bullish doji star.FIGURE 7-14: The bullish doji star working well as a buy signal in a chart of M...FIGURE 7-15: The bullish doji star failing in a chart of the XLK ETF.FIGURE 7-16: The bullish meeting lines.FIGURE 7-17: The bullish meeting line pattern in a chart of AAPL.FIGURE 7-18: A failing bullish meeting line pattern in a chart of AAPL stock.FIGURE 7-19: The bullish piercing line pattern.FIGURE 7-20: The bullish piercing line appearing in a chart of BAC stock.FIGURE 7-21: A failing bullish piercing line in a chart of INTC stock.FIGURE 7-22: The bullish thrusting line.FIGURE 7-23: The bullish thrusting line in a chart of INTC.FIGURE 7-24: The bullish thrusting line failing twice in a chart of the QQQ ETF...FIGURE 7-25: The bullish separating lines pattern.FIGURE 7-26: The bullish separating lines in a chart of the XLE ETF.FIGURE 7-27: The bullish separating lines failing in a chart of the XLE ETF.FIGURE 7-28: The bullish neck lines (on neck and in neck).FIGURE 7-29: The bullish neck line working well in a chart of Canadian dollar f...FIGURE 7-30: The bullish neck line failing in a chart of the IWM ETF.

      8 Chapter 8FIGURE 8-1: The bearish engulfing pattern.FIGURE 8-2: Two bearish engulfing patterns in a chart of the XLF ETF.FIGURE 8-3: A bearish engulfing pattern failing in a chart of DOCU stock.FIGURE 8-4: The bearish harami pattern.FIGURE 8-5: A bearish harami working in a chart of the XLE ETF.FIGURE 8-6: A bearish harami pattern failing in a chart of the XLE ETF.FIGURE 8-7: The bearish harami cross.FIGURE 8-8: A bearish harami cross producing a favorable result in a chart of t...FIGURE 8-9: A bearish harami cross pattern failing in a chart of MSFT stock.FIGURE 8-10: The bearish inverted hammer.FIGURE 8-11: A bearish inverted hammer working in a chart of COP stock.FIGURE 8-12: Two bearish inverted hammer failures in a chart of the TLT ETF.FIGURE 8-13: The bearish doji star pattern.FIGURE 8-14: A bearish doji star pattern working in a chart of COP stock.FIGURE 8-15: The bearish doji star pattern failing in a chart of the XLE ETF.FIGURE 8-16: A straightforward example of the bearish meeting line pattern.FIGURE 8-17: A bearish meeting line pattern that turns out well in a chart of A...FIGURE 8-18: The bearish meeting line pattern failing in a chart of AMZN stock.FIGURE 8-19: The bearish piercing line pattern.FIGURE 8-20: The bearish piercing line pattern working in a chart of CSCO stock...FIGURE 8-21: The bearish piercing line pattern failing in a chart of BAC stock.FIGURE 8-22: The bearish thrusting lines pattern.FIGURE 8-23: The bearish thrusting lines pattern working in a chart of BAC stoc...FIGURE 8-24: The bearish thrusting lines failing at the end of a downtrend on s...FIGURE 8-25: The bearish separating lines pattern.FIGURE 8-26: The bearish separating lines pattern working beautifully in a char...FIGURE 8-27: The bearish separating lines failing in a chart of the XLF ETF.FIGURE 8-28: The bearish neck lines.FIGURE 8-29: The bearish neck lines working in a chart of the SLV ETF.FIGURE 8-30: The bearish neck line pattern failing in a chart of NVDA stock.

      9 Chapter 9FIGURE 9-1: The three inside up pattern.FIGURE 9-2: The three inside up pattern offers a useful buy signal in a chart o...FIGURE 9-3: The three inside up pattern failing in a chart of BA stock.FIGURE 9-4: The three outside up pattern.FIGURE 9-5: The three outside up pattern makes for a winning trading scenario i...FIGURE 9-6: The three outside up pattern failing in a chart of copper futures.FIGURE 9-7: The three white soldiers pattern.FIGURE 9-8: A successful example of the three white soldiers pattern on a Bitco...FIGURE 9-9: The three white soldiers pattern