Japanese Candlestick price financial registration was invented in rice trade for centuries in Japan, of course. The success of a rice trader understands itself to develop a system that could give clues on the outlook of traders in its rival. It is estimated that, if I could find that would have an advantage. The system is made a vertical line shows the price range the day before the opening price and closing price. The price between the opening and closing that fattened-out in a hollow cylinder. If the closure were higher than the open, the cylinder would be left unfilled, or "white." If the close was lower than the light, then fill, or black-on package. This device makes it easy to see the direction of price movement. He also noted that the price action tends to produce more than a candlestick specific training, the majority of cases, proved to be predictive capability.

These formations (“Patterns") were given names in particular, to identify them as individuals in their own right. Some of these names have remained with us in the original Japanese, and some have been translated into English. It has been found that the formation of each candle has a personality and the prediction of energy prices to all yours.

Candlestick literature speaks at length about many of these patterns, but nothing – or almost nothing is said about the origin or timing of their names. Do you have an adequate basis that these names were assigned to the patterns at the beginning, it became permanent – and limited – in number than last year? If so, why should it be limited? The new name has been recognized and over time? Is not it possible that as technology progresses, the formation of a new stand – or two or five or a dozen – are identified and become part of the pantheon? Who spoke, or has power or authority to rule, that time in a bottle for this?

Let’s take a look at the Morning Star Candlestick pattern of investment, for example. It consists of three price bars, and is at the bottom of a long low. The first bar is a tall black candle, which indicates a strong down day. The second bar displays a narrow range of prices between the opening and closing near or below the range of closing prices of the tall black candle on the previous day. Means that a pattern is called "star" and may have a wide range of prices between high and low, while the closing price is the same or nearly the same as the opening price. The oppression of the price range between the opening and closing shows that traders "slowing" the galloping horse, taking a second look after the steep drop. They were "taking a breather". It was a warning of a possible trend change. The third of three bars of Morning Star is a large white candle, which indicates a 180 degree turn in feeling strongly bearish to bullish. "How strange the change from low to high." The bar across the pattern of three often leads to a strong run up in prices.

This is exactly what happened in March 2009, except that the sail training which provides the increase is not a standard of Morning Star. Instead of three bars, which had four, including two stars in the center instead of just one. The proof is in the dessert: the training led to the biggest demonstration in years. So what we are going to do with this powerful training? Are we asked to settle in a "variation on a Morning Star," and leave it at that? I say No that is a hallmark Candlestick training in their own right, it deserves recognition as a legitimate Candlestick Reversal Plan and should have a name for him. I propose "Tokyo Express.

Related posts:

1. A little more aggressive Candlestick Mapping Techniques
2. Only a single Candlestick Bar is all that is needed to predict a trend change