Doji TJX What makes doji 2 42.5 different than doji 1? 42.0 1 - - PowerPoint PPT Presentation

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Doji TJX What makes doji 2 42.5 different than doji 1? 42.0 1 - - PowerPoint PPT Presentation

Jun 29, 2023 780 likes •1.01k views

Doji TJX What makes doji 2 42.5 different than doji 1? 42.0 1 41.5 2 41.0 40.5 40.0 39.5 39.0 38.5 38.0 37.5 37.0 28 4 11 19 25 4 11 18 25 1 8 15 February March April 21 Trading Tactics Trading Tactics 1) Name

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SLIDE 1

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Doji

28 4 February 11 19 25 4 March 11 18 25 1 April 8 15 37.0 37.5 38.0 38.5 39.0 39.5 40.0 40.5 41.0 41.5 42.0 42.5 TJX

1 2 What makes doji 2 different than doji 1?

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SLIDE 2

Trading Tactics Trading Tactics

1) Name the two reversal signals at the arrows. 2) Would you use these signals to sell short? Liquidate longs? Why? 3) What is bearish confirmation of the reversal signals?

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SLIDE 3

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Doji as Resistance Doji as Resistance

Criteria: Use the highest high of those two sessions (top of upper shadow) as resistance Implication: Close over that area: market is “refreshed”

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SLIDE 4

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Doji

The red arrows show the bulls have complete

  • control. The doji

session alters the trend (note also the spinning tops in mid and late June).

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SLIDE 5

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Small Real Body as a doji

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SLIDE 6

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Doji after tall white

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SLIDE 7

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Doji as Resistance

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SLIDE 8

Trading Tactics Trading Tactics -

  • Doji

Doji

Analyze these doji in the context of what happened

  • before. Are any of these a more likely reversal and why?

A -1 B-2 C-3

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SLIDE 9

Trading Tactics Trading Tactics – – Doji (answer) Doji (answer)

Rally may just be starting Market not

  • verextended

Resistance confirmed by doji

A-1 B-2 C-3

Analyze these doji in the context of what happened

  • before. Are any of these a more likely reversal and why?

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SLIDE 10

Doji Overview Doji Overview – – Analyze Each Doji in Context of Trend Analyze Each Doji in Context of Trend

15 22 29 5 August 12 19 26 3 September 9 16 23 13.5 14.0 14.5 15.0 15.5 16.0 16.5 17.0 17.5 18.0 18.5 19.0 19.5 20.0 20.5 HEIDRICK STRUGG

1 2 3 4 5 6

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SLIDE 11

Shadows

Remember: location and size of the shadow should be considered when analyzing the market psychology. Implication: Bearish long upper shadow offsets “rallying strength.” Bullish long lower shadows hints bears losing force.

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SLIDE 12

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Upper Shadows and slope of advance

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SLIDE 13

Scenario 1 Scenario 2

The Tools of the West with the The Tools of the West with the Light of the Candles Light of the Candles

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SLIDE 14

Hammer

black or white

Criteria:

  • Small real body at, or near top, of range
  • Lower shadow at least 2x real body
  • Market in down trend

Implication: ‘Groping for a bottom”

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SLIDE 15

Shooting Star

black or white black or white

  • Criteria:
  • Small real body at, or near bottom, of range
  • Upper shadow at least 2x real body
  • Market in an up trend
  • Implication: ‘Signaling Trouble Overhead”

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SLIDE 16

High Wave Candles High Wave Candles

Criteria: very long shadows and lower small real body - color not important Implication: Trend is losing force

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SLIDE 17

High Wave Candle

Who’s in Charge? Who’s in Charge Now?

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SLIDE 18

High Wave Candle

New High Close,but??

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SLIDE 19

Criteria: very long shadows and lower small real body - color not important Implication: “Market has lost it’s sense

  • f direction”

Long Legged Doji – “Rickshaw

Man”

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SLIDE 20

High-wave candle

RDY The market is at a new high- but the high wave candle shows the bulls are not in full control.

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