Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition
by Michael N. Kahn
Candlestick Terms
There are many colorful terms from the world of candle charting and only a selection is listed here just for entertainment value. The more useful basics of candlestick analysis are covered in Chapter 33, “Introduction to Candlesticks.”
Three Buddhas— Resembles a large central Buddha flanked by two smaller Buddhas in a Buddhist temple. Equivalent to a head-and-shoulders.
Counter-attack lines— A strong white or black candle is followed the next day by a gap in the same direction at the open but a net unchanged price by the day’s end. The first candle is the “attack.” The second is the “counter attack” and suggests that the tide of the battle has turned.
Dumpling bottoms— Equivalent to a rounded or saucer bottom. Dumpling tops ...
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