Last week we discovered a new language when learning more about candlesticks. This week you are asked to assess a series of charts, (your choosing), and describe what is happening.

Based upon the probabilities, where is the market headed tomorrow?

Be certain to support your thesis with good research. A suggestion would be to assess several time frames and work specifically around the daily.

When conducting your analysis, be certain to label the candles according to their proper name, and positioning.

Candles that are highly used and should be taken into consideration include:

Shooting Stars Harami Hammer Engulfing

Window Doji Morning star Piercing

Black crows Dragonfly Gravestone Inside

Spinning top Tweezer white soldiers inverted hammer

Marabozu