Candlesticks

Video of Steve Nison discussing springs and thrusts with candlesticks.

Introduction of Steve Nison and a candlestick samurai trading preview.

Video of candlesticks in the Forex market.

Candlestick pattern videos.

Volume 3 of intro candlestick course video.

Volume 2 of intro Candlestick Course Video.

Volume 1 of intro Candlestick Course Video.

Basic video on Japanese candlesticks.

Bearish Mat Hold Definition

The bearish mat hold is a variation of the falling three methods.  The formation is comprised of 5 candlesticks.  The bearish mat hold is an extremely bearish setup due to its complexity and rarity.   This pattern is most powerful when it occurs in the context of primary up downtrend.

Bullish Mat Hold Setup

Below are the details of the candlestick structure for the bullish mat hold formation:

Bullish Mat Hold Definition

The bullish mat hold is a variation of the rising three methods.  The formation is comprised of 5 candlesticks.  The bullish mat hold is an extremely bullish setup due to its complexity and rarity.   This pattern is most powerful when it occurs in the context of primary up trend.

Bullish Mat Hold Setup

Below are the details of the candlestick structure for the bullish mat hold formation:

Bearish Separating Line Definition

A bearish separating line is a bearish continuation pattern.  It is the exact opposite of the bullish separating line.   There are two components to the bearish separating line:

Bullish Separating Line Definition

A bullish separating line is a bullish continuation pattern.  It is the exact opposite of the bearish separating line.  There are two components to the bullish separating line:

Downside Tasuki Gap Definition

The Downside Tasuki Gap is a three day candlestick continuation pattern.  The pattern starts with a red candlestick that has gapped below the previous red candlestick.  The third and final candlestick is a green candlestick that opens inside the body of the second red candlestick.  Traders should go short on the close of the third candlestick. 

Upside Tasuki Gap Definition

The Upside Tasuki Gap is a three day candlestick continuation pattern.  The pattern starts with a green candlestick that has gapped above the previous green candlestick.  The third and final candlestick is a red candlestick that opens inside the body of the second green candlestick.  Traders should go long on the close of the third candlestick. 

How to Trade the Upside Tasuki Gap

Traders should trade in the direction of the Upside Tasuki Gap, which is a defined up trend. 

Tweezer Bottom Definition

A tweezer (kenuki) bottom occurs when the lows of two or more candlesticks are equal in a series of candlesticks.  The lows of these days can also coincide with the open or close.  These lows will later become support.  The tweezer bottom has a higher odds of success if it occurs in the context of a larger bull market.  The term tweezer sounds small, but it is not the size of the candlestick, but the fact the candlesticks have the same lows.

Tweezer Bottom Candlestick Formation