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• Compressing Candlestick Patterns by Jean-Olivier Fraisse and Kevin D. Armstrong

  ARTICLE SYNOPSIS ...Compressing Candlestick Patterns by Jean-Olivier Fraisse and Kevin D. Armstrong Market action is similar to territorial claims between competing species in that bulls seek to expand their territory by increasing prices and, conversely, bears seek to expand their territory by decreasing prices. Candlestick charting depicts the ongoing struggle and provides valuable insights about the never-ending battle (see sidebar, ""Drawing candlesticks""). In particular: -A candle body measures the territory held by the bulls(white candle body) or the bears (black candle body) from the beginning to the en...

AUTHOR: Jean-Olivier Fraisse and Kevin D. ArmstrongDATE: OCT 1991