|  SEP 1991

Pattern Recognition And Candlesticks by Gary S. Wagner and Bradley L. Matheny

Pattern Recognition And Candlesticks by Gary S. Wagner and Bradley L. Matheny Here's a look at the new order of artificial intelligence linked with the old order of candlestick charting By now, who hasn't heard of the Japanese form of charting called candlesticks? Until Steve Nison introduced candlestick charting to the West a few years ago, charting services or software programs that offered graphically displayed data in candlestick format were few and far between. Finding a guidebook or manual on interpretations of candlesticks and their patterns was almost unattainable unless one could read Japanese. Since then, there has been a stampede for chart services to offer traders the ability to chart data in candlestick format. There has also been a groundswell of interest to learn about this form of technical analysis. But the question is obvious. Why has there been so much curiosity about candlesticks? Why are many Western technicians and professional traders incorporating candlesticks into their trading systems? How useful are candlesticks?

by Gary S. Wagner and Bradley L. Matheny