Japanese Candlestick Charts: A Collection of Patterns by V. P. Gusev.
Japanese candlesticks have long been a classic of technical analysis; it's hard to find a trader who hasn't at least once tried using candlestick patterns to forecast trends.
And for good reason, as candlestick analysis is quite effective, often revealing changes in market conditions and increasing supply or demand.
Furthermore, candlesticks are considered one of the simplest methods of trend analysis, making them suitable even for novice traders.
Several candlestick patterns exist that warn of an imminent trend reversal or, conversely, confirm an existing trend.
However, most websites only offer descriptions of candlesticks themselves, rather than practical applications. This book will help fill this gap.
In total, the textbook contains 8 sections:
1. Basic Candlestick Forms – what a candlestick consists of and what the relationship between its body and shadow reveals. Also included is a description of the basic forms most commonly found on stock charts.
2. One candlestick acting as a model – which candlesticks can independently carry information about a change in trend and how to use this information.
3. 2 candles acting as a model - a list of models of two candles, how effective they are in practical application.
4. 3 candles acting as a model - it is clear that in this section we will talk about combinations based on three candles and the signals they give when they appear.
5. Multi-Candlestick Patterns – a description of the most effective candlestick combinations consisting of a large number of Japanese candlesticks.
6. Various candlestick combinations – this includes those options that did not have enough space in the previous sections of the book.
7. Sakata Methods – a description of one of the most interesting methods of market analysis using five basic candlestick analysis models.
The book will be of interest to those who use or plan to use candlestick analysis in their trading.
A distinctive feature is that the use of Japanese candlesticks is shown using examples of shares of Russian companies.
Unfortunately, the book is currently not available for download.
Another book on Japanese candlesticks: http://time-forex.com/knigi/yp-svechi-kn
