below the stomach · volume – counter attack. 126 bullish counter-attack first sign of a turn was...
TRANSCRIPT
121
Below the Stomach
122
Counter Attack Lines
close
BearishBearish
close
BullishBullish
123
Not Counter Attack Lines
Second session did not open high enough
Both sessions were not long real bodies
124
Bullish Counter Attack
125
Volume – Counter Attack
126
Bullish Counter-attack
First sign of a turn was bullish counter-
attack
127
Convergence of Clues- Counter Attack
Bearish counter attack
doji
Bearish engulfing pattern
128
Bearish Counter-attack
Counter-attack also confirming resistance
Why does this candle hint bears’ are not in complete control in spite of the large price drop? What happened the next session?
129
The “Phantom” methodThe “Phantom” method
What was support before this session?
129
130
Phantom methodPhantom method
131
Phantom Phantom
132
Phantom method Phantom method –– where’s R1? where’s R1? (slide 1 of 2)(slide 1 of 2)
133
Phantom method Phantom method (slide 2 of 2)(slide 2 of 2)
Using Candles in a “Box” Range
134
135
Box rangeBox range
Do the bears or bulls have the
greater control?
136
Box RangeBox Range
Do the bears or bulls have the
greater control?
137
Flexibility reading candle signals
Combining intraday signals with longer time frame support or resistance.
Harnessing intraday charts for signals not available on daily charts
Intraday TechniquesIntraday Techniques
138
Bearish engulfing pattern and Intraday charts
We are less strict with the definition of some patterns on intra-day charts.
Classic bearish engulfing pattern has open above prior session close. With intraday open can = prior close.
139
Intra-day candle patterns
alAlthough open and close are the same, view this as dark cloud
Open and closings are about the same, still view this as a morning star
Bullish engulfing pattern
140
Windows on intraday
Most intraday windows will be between the last candle yesterday and the first candle today