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One of the strongest forms of confirmation is a double reversal signal.

For example, the current chart of Wal-Mart shows how two bullish reversal candlesticks show up on the price chart, and how to interpret them. In this case, candlesticks provide strong bullish signals even though momentum contradicts what these show. A skilled chart reader knows that when you get contradictory signals, you either have to wait out the signal trends or find strategies that benefit if the stock price moves in eit

Candlestick signals are worth following to find timing opportunities. As an example, check the latest blog post at TheStreet.com for Chevron stock. The chart includes candlestick signals highlighted: Chevron - potential profits from dividends and covered calls

You can discover the world of effective chart reading with Profitable Trading Strategies Using Candlestick Charting. This is a comprehensive and complete course on the nature of candlestick charting, offered exclusively by the Global Risk M

The candlestick signal, when confirmed, is a powerful tool for timing trades. To see an example of how thing works in a current chart, check the article about Kellogg Co. at TheStreet.com

You can discover the world of effective chart reading with Profitable Trading Strategies Using Candlestick Charting. This is a comprehensive and complete course on the nature of candlestick charting, offered exclusively by the Global Risk Management Community. By the conclusion of this course, you should be able

When it comes to chart analysis, unusually large and small ranges have a lot of meaning. Measuring the distance between opening and closing price tells you a lot when trends develop or begin to lose momentum. Some specific patterns are excellent gauges of when reversal in the trend is likely to occur.

            First a few terms: The “real body” is the range between opening and closing price, shown as a rectangle in the candlestick, which is either white (prices moved up) or black (prices move

In Japanese, "marubozu" means "with little hair." This is a reference to the expected small or non-existent upper or lower shadows on this candlestick.

The black marubozu is one variety of a long black candlestick and may have small upper and lower shadows. However, these will be quite small compared to the non-marubozu long black candlestick, which may have much longer upper or lower shadows. The appearance of the black marubozu is bearish because, like all black sessions, it opens at the top[ a

The Japanese word "doji" means "mistake" or "a foolish thing." This probably is due to the appearance of a doji session. Instead of a rectangle representing the difference between opening and closing price, the doji is a horizontal line, meaning open and close were the same price or very close.

The doji is not so much of a mistake, however, as a session in which buyers and sellers may be struggling with one another for control, and neither side is able to move the price off its mark.

But interpre