Japanese Candlesticks
We use Japanese candlesticks in conjunction with classic Western technical analysis.
- With moving averages in trending markets, such as Raschke's Holy Grail set-up;
- In areas of support and resistance; and,
- On tests of tops and bottoms, such as the Trader Vic 1-2-3 set-ups.
Downtrend, followed by a successful test of bottom using the Trader Vic 1-2-3 method. Successful test confirmed by the 3 Inside Up pattern.
Uptrend, followed by a test of top using the Trader Vic 1-2-3 method. Failure on test after a confirmed Dark Cloud Cover pattern.
Teresa worked in the stock brokerage business for more than a decade prior to retirement from the industry in 1998 to become a private investor. She is a technical trader and uses Edwards & Magee patterns and Japanese candlestick techniques to analyze the market.
