Trading Candlestick Charts

The chart above illustrates various Candlestick patterns from the S amp P 500 Futures 610 tick chart. Various Candlestick patterns have been marked in the chart above and explained as follows 1 . A Doji pattern to suggest indecision in the prior direction. 2 . A Dark Cloud to signal a potential end of trend. Also see Hammer pattern prior to the Dark Cloud . 3 . Another Doji to signal indecision. 4 . A Piercing line followed by a strong trend reversal bar. 5 . A Bullish Engulfing pattern to...

Fibonacci Zone Pivots

Jackson described a concept called Zone Probability Pattern Analysis, in his book Detecting High Profit Day Traders in the Futures Markets. In his book, he describes the dynamic statistical analysis of Fibonacci Zones using Open, High and Close to find high percentage support and resistance zones for the entire trading day. Robert Krausz has completed extensive analysis on High Probability of the Fibonacci Zones HPFZ concept by using Probability Matrix. Krausz used various close and...