Market Analysis: Japanese Candlesticks Decoded
Learn how to analyze and trade financial markets with this popular technical analysis technique.
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This course will teach you how to use Japanese Candlestick patterns to analyze and interpret financial markets. Of the many analysis techniques available to traders of the world's financial markets, Japanese Candlestick analysis is one of the most popular. This course will provide and explain an extensive set of patterns students can use with other techniques to spot potential reversals in the trend, and ultimately to help find trade setups and trading opportunities. This course will take you through the different chart types, why traders use Japanese candlestick analysis, how to conduct it and provide detailed explanations into over 20 patterns. Through engaging videos, detailed write-ups, real-life examples, tasks and an end of course test we'll take you through each pattern in detail, explaining how it develops and what it suggests is going on in a financial market.
Broken down into three modules, the course will first explain the different types of charts. In this first module, we will introduce three chart types and explain the pros and cons of each. This will lead us onto candlesticks which, by this stage, you will know what they are and how they form. Module two builds on this and introduces single candlestick patterns. These are the most simple form of pattern. We’ll explain twelve popular patterns to look for and what they tell analysts about the sentiment in a market. Finally, in module three we’ll move on and look at multi-candle patterns. These are rarer patterns but, nonetheless, give vital clues about the state of a market. At the end of the course, you’ll really understand over 20 Japanese candlestick patterns, know how to use them to interpret the market and how they can be used to gain insight into a market. The course finishes with a comprehensive assessment of your abilities.
The course is designed to take you from beginner through to a good level of understanding. By taking the course, you’ll improve your financial skills. If you want to stand out from the crowd in a job interview for a financial services firm, start trading your own capital on financial markets with the aim of returning a profit or you want to learn a new skill then this course will enable that.Start Course Now
Getting Started with Charts
Welcome and Learning Outcomes
Why Study Charts
Lesson Summary and a Practice Task
Single Candle Patterns
Single Candle Patterns - Learning Outcomes
Introducing Candlestick Patterns
The Hammer Pattern
The Shooting Star
Dragonfly and Gravestone Dojis
Inverted Hammer and Hanging Man Patterns
Single Candle Patterns - Lesson Summary
Multi Candle Patterns
Multi Candle Patterns - Learning Outcomes
Dark Cloud Cover and Piercing Patterns
Morning and Evening Star Patterns
Patterns in Multiple Time Frames
Multi Candle Patterns - Lesson Summary
By the end of this course, you will be able to:
- Explain the similarities and differences between line, bar and candlestick chart types
- Understand why traders favour candlestick charts
- Describe how traders use Japanese candlestick pattern analysis to develop their edge
- Identify 12 single candle Japanese candlestick patterns
- Identify 10 multi candle Japanese candlestick patterns
- Explain how each candlestick pattern forms
- Understand the market conditions when each pattern is valid and when it isn't
- Be able to describe what each pattern tells you about the sentiment of the market it appears in
- Use and apply each pattern when analyzing live financial markets
- Explain how patterns combine in shorter timeframes to create different patterns in longer timeframes
All Alison courses are free to enrol, study and complete. To successfully complete this Certificate course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Certificate course, you have the option to acquire an official Certificate, which is a great way to share your achievement with the world. Your Alison Certificate is:
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