
Explore how Japanese candlesticks are constructed and their anatomy, then complete 10 quiz questions, download the section’s PDF, and read Japanese Candlesticks Charting Techniques by Stephen Nessen for deep learning.
Identify the market players—the bulls and bears—and five sentiments, then apply long, short, or no position rules based on candlestick signals to profit from up, down, or flat markets.
Explore the hammer candlestick pattern after a downtrend, its variations and the market psychology behind it, with practical trading approaches from conservative to ultra conservative and chart quizzes.
Learn the special hammer, or dragonfly, a candle with no real body where open equals close, and a long lower shadow signaling bullishness after a downturn, near the upper range.
Avoid the hammer trap by confirming a hammer appears after a downtrend; a candle with a long lower shadow after an uptrend is not a hammer, so avoid long positions.
Learn how the hammer candlestick provides strong support with a long lower shadow, a stop below the low, and entries at the claws to expect price reversals.
Set reward-to-risk above two-to-one and enter on a hammer after a weekly downtrend, with the hammer low as stop and prior high as target, noting windows as support.
Trade the hammer with a stop loss, confirm prior support on higher timeframes, and use price confirmation plus indicators like Bollinger Bands, Stochastic, and RSI to balance reward-to-risk.
Master hammer and bullish engulfing candle patterns, and follow actionable steps: watch again, take quiz, download presentation, read Japanese candlesticks charting techniques, study charts, and trade with small risk.
Differentiate normal from classic bullish engulfing patterns; the classic form has no shadows and follows a downtrend. The lecture covers windows, resistance levels (R1, R2), and risk considerations for breakouts.
Identify the non bullish engulfing pattern, a two-candle setup that fails to fully engulf the prior black candle, and note its piercing pattern name alongside the bullish engulfing contrast.
The bullish engulfing pattern forms support, with the lowest low of the pattern becoming the support line and a stop loss placed below it, applicable across intraday and monthly timeframes.
Assess a bullish engulfing variation on the TPC chart; it isn't a perfect pattern or hammer, so wait for a valid setup to enter with stops and targets, considering shadows.
Use a bullish engulfing pattern that confirms prior support as a strong bullish signal after a downtrend. Verify risk-reward of at least 2:1 and consider rising window breakouts past resistance.
Assess a potential piercing pattern on a five-minute Castrol chart in a downtrend. It violates midpoint and opening below the prior low, so it is not a valid piercing pattern.
Explore the power of the piercing pattern as a bullish weekly signal, showing how it works after a support break to drive a rally with clear entry and stop loss.
The piercing pattern’s lowest low becomes a strong support, guiding stop-loss placement just under the dotted line; prices stay above this level across the downtrend example.
Learn piercing pattern entry and stop loss, using a white candle closing above the black candle's midpoint and lowest low as the stop. See how bullish engulfing reinforces the move.
Understand morning star pattern psychology: bears fade after a gap down as bulls gain control when a candle closes above the first candle's midpoint, with stops below the three-candle low.
Identify the morning star as a bullish reversal after a downtrend: long black candle, gap-down spinning top, then a white candle closing above the prior midpoint.
Identify the morning star: a doji indecision followed by a long white body confirming bullish bias, signaling a bullish reversal with a stop under the lowest low and 2:1 reward-to-risk.
Identify a morning star after a downtrend: long black body, small spinning top, and tall white body closing above midpoint, confirming prior support and signaling a long entry.
The morning star signals support; use the three-candle low as the support, place stop loss beneath it, and watch for bullish engulfing or piercing signals.
Utilize the morning star with price confirmation to confirm prior support and enter long; if not confirmed, wait for an extra candle to improve probability at the cost of reward-to-risk.
Trade the Morning Star pattern with progressive confirmations to raise probability, from aggressive standalone entries to conservative price-confirmed setups, using Bollinger Bands, RSI, moving averages, and support and assistance levels.
Explore how the shooting star signals a bearish reversal after an uptrend, as bulls lose momentum, price tests resistance, and bears push prices lower.
Explore how a shooting star signals a bearish sign after a prolonged uptrend on a daily chart, confirming resistance and guiding entry, stop loss, and risk‑reward with targets achieved.
Develop a shooting star risk-reward setup on a weekly chart, with entry at the close, stop loss above the high, and reward targets based on horizontal support and resistance.
Learn ultra conservative shooting star setups with price confirmation on daily charts, applied to Reliance Industries, distinguishing resistance lines from zones and timing short entries in an uptrend.
Identify a bullish setup on DLF's daily chart: rising window continuation, a failed shooting star near 200 resistance, and a stop-loss above the resistance zone.
Evaluate the strength of bearish engulfing patterns by comparing candle size and market context, especially after an uptrend, and learn how confirmation of prior resistance affects pattern power.
Identify that the black body must fully engulf the previous real body, including shadows, and that the pattern appears after an uptrend, not a downtrend or flat market.
Bearish engulfing patterns establish resistance at the high of the two candles, forming a resistance zone with S1 as support. Traders watch price tests and rebounds around R1 and R2.
Learn ultra-conservative trading with bearish engulfing patterns, using price confirmation on gold’s daily chart, weighing risk-to-reward while considering windows and support before entering.
Analyze a daily chart of Bharat Forge to spot a bearish engulfing pattern after an uptrend, confirm resistance, and assess entry and risk-reward, noting conservative versus aggressive approaches.
Explore the bearish engulfing pattern and its dark cloud cover in Japanese candlesticks, and follow six steps, including rewatching videos, taking the quiz, and downloading the presentation.
Assess the strength of the dark cloud cover by patterns opening above the prior high, considering market context and resistance to identify the most powerful bearish signal.
Explore the special dark cloud cover, a no-shadow variant of the classic pattern, where the black candle opens above the prior white high and closes near the midpoint.
Dark cloud cover creates resistance. The highest high of the two candles defines resistance as the black candle closes below the prior white candle's midpoint, with shooting star confirmations.
Identify a dark cloud cover when the open is above the prior white candle high and the close is the entry, with a stop above the dark cloud cover high.
Identify the standalone dark cloud cover pattern and assess its lack of confirmation from prior resistance, highlighting risk, low probability, and the need for extra confirmations before taking a trade.
Explains trading the dark cloud cover as a conservative setup that confirms prior resistance on a daily chart, using entry, risk, and targets (s1, s2) with reward-to-risk considerations.
Explore evening star, reverse of morning star in bullish patterns, and six steps: replay videos, quizzes, download presentation, read Stevenson’s Japanese Candlesticks Charting Techniques, study charts, trade with low risk.
All the Levels of The Japanese Candlesticks Trading Mastery Program are designed to help you :
Learn How to Trade Stocks, Forex & Commodities Using Candlesticks & Technical Analysis to Become a Professional Trader
The Following Topics are Covered in this Course :
Introduction to Japanese Candlesticks (4 Videos)
Why Japanese Candlesticks
The Father of Japanese Candlesticks Trading
The Modern Father of Japanese Candlesticks Trading
Benefits of Japanese Candlesticks Trading
Reading the Japanese Candlesticks (4 Videos)
The Japanese Candle
The 3 Types of Candles
The 2 Market Players
The 5 Market Sentiments
The 3 Market Positions
The Concept of Reward to Risk (3 Videos)
Risk Management
Money Management
Position Sizing
Reward to Risk Ratio
The 4 Major Bullish Japanese Candlesticks Patterns (80 Videos)
The Hammer
The Bullish Engulfing Pattern
The Piercing Pattern
The Morning Star
The 4 Major Bearish Japanese Candlesticks Patterns (80 Videos)
The Shooting Star
The Bearish Engulfing Pattern
The Dark Cloud Cover Pattern
The Evening Star
For Each of the above 8 Patterns, the Following Points will be Covered
What is it
Types
Variations
Market Psychology
Pattern Strength
Special Cases
Avoiding Market Traps
Setting Profit Targets
Trading with Reward : Risk
Non Patterns
Trading the Pattern Correctly
Aggressive Trading
Conservative Trading
Ultra Conservative Trading
Quiz Charts
Learn concepts that apply to any type of trading. If you know how to read one chart, you can read them all. This course through its various levels will help you understand this unique and most primitive technique of trading. The Japanese Candlesticks Trading Mastery Program can be applied in any or all of the following areas of work :
Forex Trading / FX Trading / Currency Trading
Stock Trading
Commodity Trading
Options Trading
Futures Trading
Intraday Trading / Day Trading
Positional Trading
Swing Trading
Technical Analysis of Stocks, Commodities & Currencies
Price Action Trading
Chart Pattern Analysis
Cryptocurrency Trading
Standard Disclaimer: I am a SEBI-Registered Research Analyst (Registration No. INH000022279) under the SEBI (Research Analysts) Regulations, 2014. All content shared by me is strictly for educational purposes only and should not be considered as investment advice, buy/sell recommendations, or trading tips. I do not provide personalized investment advisory services, I do not write research reports, and I do not operate any chat groups on platforms such as Telegram, WhatsApp, or any other similar services. I do have a presence on YouTube, but apart from that I do not have any social media accounts. Any securities or instruments discussed are purely for analysis and illustration and should not be construed as solicitation or advice. Investing and trading involve significant risk, and past performance is not indicative of future results. Please conduct your own due diligence or consult a qualified advisor before making any financial decisions. I may or may not hold positions in the securities discussed at the time of creating the content, and such positions are subject to change without notice. I do not receive any compensation from third parties, including MarketSmith or Steve Nison. I have completed the basic and advanced candlestick modules on Steve Nison’s platform purely as a student, and I am not affiliated with him or his website in any way.