Guide to Charting Classroom 2: A Method to Identify Tops and Bottoms Using Long Hairs Visible on Monthly Charts, Plaza Investment Advisory, Hidehiro Ito

The first episode of the guideline line classroom explained that stock analysis is simplest when it is straightforward, and pointed out that the meanings of patterns such as the Three Soldiers’ March, the Three Crows, the Five-Yin Formation, and the Five-Yang Formation vary by the position they appear in by as much as 180 degrees.

I also explained that market judgments should be made on a monthly chart, not a daily chart.

The second episode of the guideline line classroom cited concrete examples such as 4563 Anges, which significantly benefited members from 2018 to 2020, and explained the long upper shadows that appear on the monthly chart used to determine the peaks and troughs.

Content of the video

A pattern that reveals the bottom and top

8301 Bank of Japan raised upper shadow
4562 Anges long upper shadow of a long consolidation

6954 Fanuc shadow that is more than twice the body

9984 SoftBank

Shows shadows both up and down

Nikkei Average shape in May–June 2013

4901 Fuji Film shape in March–April 2020

Nikkei Average small hanging man and stupa shapes in December 2017 and January 2018

What matters is the position where the upper and lower shadows appear

Penetrating line and pinching line

Penetration line on TDk6762

Shadow-encased line on Mitsui Zosen

Penetrating line alone does not constitute a sell signal

Penetrating and overlaying on Dai-Ichi Seiyaku (Dai Nippon Pharmaceutical)

Penetrating Ying-Yang line on 9983 Uniqlo