Steve Nison’s Candle Charting Special TopicSteve Nison’s Candle Charting Special Topic With...

Steve Nison’s

Candle Charting Special Topic

Steve Nison, CMTPresident: Candlecharts.com

Head and ShouldersHead and Shoulders

Neckline

Left ShoulderRightShoulder

Head and Shoulders Top

Sellsignal

H and S -How Candles Put More $$$ in your Pocket

Reversal with WesternTechnique at 141

What was candle reversalhere at 150

What signal did wehave here at support?

Extra profit

www.candlecharts.com

Candles for Reversals -West for Targets

Bullish shadows

Buying Before the Market ‘Does its Thing”

Inverted headand shouldersconfirmed hereat 132.90

Now let’s seewhat thecandles show!

Note howthe necklinebecamesupport

Profit Leaker

neckline Interview

Head andShoulder top

TASC Interview - Jan. 24, 2003 S&P at 860

“… the heads and shoulders top on theS&P gives a target to near 775. A closeover 870 would void this.” Hammer

1) Once the neckline’ssupport is broken, itshould becomeresistance.

2) To get a target with thehead and shoulders topwe measure from the topof the head to theneckline.

Trend Channels

B Targetline

Targetline

East and West / Target

High Wave Candles

Candles for reversals and Western for targets

Bearish engulfing patternat top of bull channel

target

East + West

Target

Pivot Highs and Lows

Resistance Levels

Support Levels

This high is higher than thesession before and after it

This low is lower than thesession before and after it

Swing high

Trading Tactics - Targets

Use hammer to buyand window to exit

hammer

Falling window

Top end of boxrange as target

Bottom end ofbox range astarget

“Box Range” targets

Target

Resistanceconfirmed

Box Range Price Targets

target

Chart Challenge

1) At area (A) What two candlesignals confirmed a failure atresistance

2) What is the target ?

Getting a target using Box Range Breakouts

Breakout

East for reversals and West for target

Bearish engulfingpatterns

target

Targets and Using Nison Candle Scanner Softwareto Enter or take Profits

Momentum Trading – Box Range Breakouts

Candles as a warning – Box range for Target

Doji as warning

Ascending

Descending

ASCENDING /DESCENDING TRIANGLES

Bull Flag Bear Flag

Flag Pole

Bull Pennant + Candles for Exit

Bear Flag, Candles for Confirm

Bullishharami

BEAR FLAG

Target

Crack and Snap

11 12 15 16 17 18 19 22 23 24 25 26 29 30 31 1 2

August

5 6 7 8 9 12 13 14

10.911.011.111.211.311.411.511.611.711.811.912.012.112.212.312.412.512.612.712.812.913.013.113.213.313.413.513.613.713.813.914.014.114.214.314.414.514.614.714.814.915.015.115.215.3

CISCO SYSTEMS

Support area shown at arrowsBroke support

On thissession thebulls haveregainedcontrol.”

Crack and snap

Crack and Snap for investing

Target

Crack and Snap

Stop level

Crack and Snap on more than one session

Crack and Snap

Target

Hammer (with Nison Candle Scanner software)and Crack and Snap

Crack and snap & protective stops

Hammer andcrack and snap

Out of the trade

Chart Challenge

1) Are 1 and 2 snap and crack and if sowhy or why not?2) If either of these are a S&C wherewould you buy?3) What would be your stop(s)4) What would be your target(s)

5) what happened at 3 that says“sell”?6) What is your target and why7) Where is your stop?

Why I went long:

1) Bullish engulfing at

support

2) Trend line breakoutof price

Was this a good tradethat just didn't work outor did I make a mistakein judgment that I can'tsee?

Thank you,Gary B

Chart Challenge

Support

Bullish engulf

What do you say? Did hemake a mistake? If so what?

Risk/Reward

Buy XYZ at 100

Support at 96

Price target (i.e resistance) at 108

Risking 4 looking to make 8 gives a 1:2 risk/reward

Crack and Snap and R/R

Always consider R/R

Buy above here(the prior support)

Target

Falling off the Roof and NCS software

Why wasn’tthis windowmy 1st

support ?

Falling Off the Roof and bearish engulfing pattern

Falling off the Roof

Steve Nison’s Candle Charting Special TopicSteve Nison’s Candle Charting Special Topic With...

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