Steve Nison’s Candle Charting Special TopicSteve Nison’s Candle Charting Special Topic With Steve Nison, CMT President: Candlecharts.com. Head and Shoulders Neckline Left Shoulder

Steve Nison’s

Candle Charting Special Topic

With

Steve Nison, CMTPresident: Candlecharts.com

Head and ShouldersHead and Shoulders

Neckline

Left ShoulderRightShoulder

Head

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

A

B Targetline

Targetline

C

C

A

B



East and West / Target

High Wave Candles


Candles for reversals and Western for targets

Bearish engulfing patternat top of bull channel

target


East + West

Doji

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 ?

A



Getting a target using Box Range Breakouts

Breakout


East for reversals and West for target

Doji

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


ASCENDING /DESCENDING TRIANGLES


Bull Flag Bear Flag

Flag Pole


Bull Pennant + Candles for Exit


Bear Flag, Candles for Confirm

Bullishharami


BEAR FLAG

Snap

Crack

Target

Stop

Buy


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

Stop

Crack and Snap

Stop level

Crack and Snap on more than one session



Crack and Snap

Target

Stop


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

12

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?

3

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)

Sell

Target

Stop


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


Documents

Steve Nison’s Candle Charting Special TopicSteve Nison’s Candle Charting Special Topic With Steve Nison, CMT President: Candlecharts.com. Head and Shoulders Neckline Left Shoulder