Japanese Candlesticks: Graphical Analysis of Financial Markets. Steve Nison.
The author of the book is a professional analyst, and his analysis is based exclusively on Japanese candlesticks. His experience working for reputable companies only confirms his reputation as an analyst.
Most traders emphasize the effectiveness of Steve Nison , and it's no wonder his book has become so popular among those who use technical analysis in their trading.
To determine whether this textbook is right for you, it's a good idea to familiarize yourself with its main chapters.
1. Introduction – Why Japanese candlesticks attract the attention of most traders trading on the stock exchange. The history of the development of analysis based on them.
2. Basics – What candlesticks are, their definition, and structure. Bullish and Bearish candlesticks as an indicator of trend direction.
3. Patterns – Reversal and continuation patterns help determine the strength of the current trend and choose the direction of a trade, based on their location on the currency pair chart.
5. Practical uses of candlesticks – to determine support and resistance lines, along with oscillators and indicators, candlesticks and moving averages, as well as other methods of technical analysis.
6. Using Japanese Candlesticks in Options Trading is a rather interesting chapter, as most authors pay little attention to analysis in options trading.
7. Hedging and candles - using candles as a way to reduce risks, making trading less unprofitable.
8. Personal experience – practical application of Japanese candlesticks, tips and recommendations for practical use.
You can download the book from one of the online stores
