June 2006
Beginner
352 pages
7h 6m
English
book
Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition
by Michael N. Kahn
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Continuation Indicators
Candle patterns can also indicate that the market will continue its current trend. There are many types that occur, but for now the window will suffice.
A window is the same as a gap in contemporary Western analysis. With bar charts, we say “filling in the gap;” the Japanese expression is “closing the window.” Gaps often become support or resistance areas, and windows (i.e., gaps) are viewed in the same context as support or resistance. Shadows are also considered in closing the window. Unclosed windows signal continuation of the trend.
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