The Japanese Chart Of Charts Written Seiki Shimizu

The beginning is most important Some cf you may have already heard cf candlecharts. Probably, many more cf you have not. In December 1989, I wrote an introductory article on candlesticks that precipitated an immediate groundswell of interest. It turned out that I was one of the few Americans familiar with this centuries-old Japanese technique. I wrote follow-up articles, gave numerous presentations, taught classes, and was interviewed on television and by newspapers across the country. In early...

Three Mountains And Three Rivers

Candlestick Two Mountain Bottom

There are a group of longer-term topping and bottoming patterns that include the three mountains, the three rivers, the three Buddha tops, inverted three Buddha, dumpling tops, fry pan bottoms, and tower tops and bottoms. Similar to the Western triple top, the Japanese have a three mountain top see Exhibit 6.44 . It is supposed to represent a major top. If the market backs off from a high three times or makes three attempts at a high, it is deemed a three mountain top. The high point of the...