SPX'S Weekly Japanese candlestick signals since inception 1957 Hey Traders ,
what's up. From me to Humanity . I know that there is allot of data, i hate that as every one else does. But,
if you want to keep it simple just study, analyze and write down the Red & Green boxes they should sum up most of the study. I have included all the
data here . So feel free to redo, redistribute, reuse or shar it here or outside of tradingview with anyone even with out mentioning the source. from me
to humanity whom are trading SPX : - ). Moreover, If anything that this data is telling us in a very short English terms "Do not chase tops on weekly candles !!! " .
Also, some weekly candles could be treated as extinct data suggesting that !!! what's up with that!!! no Golden rule for these candles.
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1/ Bullish weekly candles :-
Weekly Bullish Happened success rate Max profit Max cost Risk/reward starting date.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
***Engulfing 28 60% 50% 43% D 1953
***Hammer 21 77% 102% 4.55% C+ 1952
***Inverted Hammer 11 45% 8% 4% F 1953
***Marubozu White 65 84% 40% 33% B - 1982
***Long Lower Shadow 78 70% 68% 40% C- 1963
***Rising Window 26 85% 165% 5% B 1971
***Spining Top White 59 61% 40 % 31% F 1979
***Dragonfly Doji 8 37% 4% 9 F 1951
***Upside Tasuki Gap 6 40% comes and goes !!!
***Tweezer Bottom 11 43% Disappeared since 2007
***Doji Star 3 33% Disappeared since 1982 !!!!
***Dragon Doji 2 50%
--------------------------------------------------------
Spining Top White 59 times : since 1979
---------------------------------------------------
Profit Lost
z 4
11
z 2
4
z 13
3
z 3
31
4
17
7
z 31
3
5
21
2
2
4
z 4
2
1
z 2
2
z 1
z 5
7
14
7
11
z 10
18
21
1
z 2
3
z 7
7
3
z 4
z 3
1
z 2
z 5
2
34
9
5
z 4
25
z 2
13
z 3
15
z 7
z 4
z 18
40
z 4
12
--------------------------------------
Dragonfly Doji 8 times : since 1951
--------------------------------------------
profit lost
z 2.55
4.85
z 2.42
z 9.09
z 1.60
4.89
3.50
z 3.37
------------------------------
37% success rate
-------------------------------------------
Hammer 21 times : since 1952
---------------------------------------------------------
Profit lost
8.46
4.39
8
z 6.46
8
6
66
70
4
4
4
z 1.86
z 4.55
3.27
z 9.02
4.83
3.04
102
2.59
z .91
10.99
------------------------------------
success rate 77%
--------------------------------------------
Inverted Hammer 11 times : since 1953
------------------------------------------------------------
Profit lost
4.56
z 7.95
z 2.97
z 4.43
z 4.72
z 2.54
z 6
8.14
3.27
1.69
1.90
-----------------------------------------------------------
success rate 45%
--------------------------------------------------------------
Marubozu White 65 times : since 195
----------------------------------------------------
Profit Lost
zero 33.98
zero 14.86
zer 11.91
4.56
9.75
2.16
6.25
2.06
z 14.92
8.55
4.76
1.81
19.11
5.60
1
2.55
7
z 8.88
1.61
2.84
12.43
2.64
5.44
4.77
12.32
1.81
1.25
1.93
31.87
z 30.37
3.87
12.84
4.49
z 7.68
2.13
5.79
26.66
4.31
17.15
z 6.44
2.39
33.20
9.71
11.63
7.47
15.27
3
4.75
4.66
17.26
z 6.63
z 4
1.59
3.58
8.66
3.56
5.71
5
30.40
1
2.76
8.27
7.64
8.84
40.67
50s million signal
--------------------------------------------------
84 % success rate
----------------------------------------------------------
Long Lower shadow 78 times : Since 1966
---------------------------------------------------
profit lost
32
8
18
10
11
13
z 3.99
16.11
z 16
z 4
z 3
2.79
z 1.85
15
3
6
2
3
z 10
z 5
14
4
z 5
10
6
z 40
6
2
24
z 1
z 1
2
z 6
z 7
6
13
z 21
z 34
5
z 4
z 9
12
5
15
33
13
4
2
2
4
6
16
z 12
z 34
18
2
13
3
3
z 5
6
65
27
4
26
z 26
9
7
13
4
20
z 11
z 4
2
z 3
25
22
21
----------------------------
success rate 70%
------------------------------------------------------------
Rising Window 26 times; since 1971
---------------------------------------------------------
Profit Lost
5
2
7
5
2
1
3
z 3
12
2
4
1
1
10
1
z 3
1
19
4
165
z 5
z 1
80
3
21
4
---------------------------------
success rate 85%
-------------------------------------
Engulfing 28 times : since 1953
-----------------------------------------------------
profit lost
33
z 6.76
z 19.4
z 23.69
12.18 z
z 43.96
5.29
6.12
50.13
4
z 7
21.47
1
1
z 5.44
z 3.29
4.94
z 34.05
6.15
5.15
z 23.41
7.19
21.27
19.57
z 17.18
3.82
2.12
z 9.66
----------------------
60 % success rate
--------------------------------------------------------------
2/ Bearish weekly candles : -
weekly Bearish Happened success rate Max Profit Max opportunity cost Risk/Reward starting date
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
***Engulfing 67 68 % 55% 28% D+ 1956
*** Hanging Man 30 50% 7% 28% F 1957
***Shooting Star 23 47% 19% 63% F 1950s
***Long Upper Shadow 58 36% 46 % 95% F 1957
*** Doji Star 11 37% 13% 27% F 1952
***Dark Cloud Cover 13 77% 55% 11% C + 1955
****Tweezer Top 34 44% 18% 31% F 1954
*** Marubozu Blace 46 58 % 39% 48% F 1956
***Spining Top 77 35% 48% 35% F 1963
***Falling Window 23 47% 25% 78 % F 1953
***Harami 4 times 75 success rate.
***Downside Tasuki Gap Extinct 1957.
****Evening star once in 70 Years.
***Gravestone Doji once in 60 years.
***********************************************************************************************************
Long Upper Shadow 58 times : 1957
-----------------------------------------------------------
Profit lost
z 32.84
z 10.14
z 3.79
4.40
z 14.79
2.4211
33.02
5.88
z 25.74
8.74
z 7.02
z 8.71
z 5.13
z 2.36
z 14.33
z 9.58
1.76
z 6.25
z 12.99
11.97 z
z 8.74
z 1.78
z 14.58
3.74
3.74
z 5.72
z 95.94
3.98
3.80
z 3.52
1.92
4.54
z 4.29
9.49
z 4.23
z 22.70
z 4.51
z 12.29
7.95 z
z 10.31
z 32.59
z 53.98
3.48 z
z 10.72
z 3.88
z 6.80
46.87 z
3.28
z 8.86
5.28 z
4.45
z 2.60
z 26.37
4.7
z 3.22
19.47 z
z 7.87
---------------------------------------------
37 % success rate
Marubozu Black 46 times : since 1956.
----------------------------------------------
Profit lost
10.81 z
z 13.69
8.23
5.82
z 3.44
z 3.59
z 6.52
z 48
z 22.48
5.66
22.20
39.28
5.51
z 33
11.31
28.61
z 14.55
z 24.54
z 7.86
5.37
z 10.48
z 4.04
z 28.83
2.65
3.95
3.58
1.43
1.55
z 3.03
z 11.45
1.30
3.83
z 6.12
2.33
2.02
1.11
2.00
8
1.95
3.19
.077
z 8.58
z 15.88
4.37
8.36
z 4.20
--------------------------------------------------
58 % success rate.
------------------------------------------------------
Doji Star Bearish 11 times : since 1952
-----------------------------------------------
profite lost
zero 4.99
z 4.79
z 4.98
3.17
z 14.94
5.12
13.33
z 3.20
z 27.14
14.33
z 4.72
--------------------------------------
success rate 37 %
----------------------------
Spinning Top Black 77 times : since 1963.
-----------------------------------------
profit lost
7.17
z 4.46
z 1.69
z 8.07
z 7.06
z 30.32
z 13.68
z 3.32
9.79
z 4.66
19.39
z 15.47
z 14.17
z 3.94
z 2.65
z 3.7
z 2.82
z
z 4.14
1.75
6.49
z 10.14
2.78
3.27
7.81
2.45
z 3.29
22.29
z 26
z 30.35
z 34.07
z 2.86
z 17.74
z 30.71
z 19.36
z 35.35
z 2.33
11.65
z 4.74
3.34
z 15.59
2.79
z 4
z 5.17
z 24.81
z 2.27
7.74
z 4.34
6.97
z 9.32
z 20.40
z 2.59
z 5.50
z 14.24
9.92
11.17
13.33
z 8.9
13.55
48.82 z
3.07
4.91
9.70
z 27.97
36.37
z 5
2.90
z 2.54
z 20.69
z 9.08
z 7.76
z 2.07
z 5.37
z 2.34
4.08
3.81
------------------------------------
35 % success rate
-----------------------------------------------------------------------------------------------------------------
Dark Cloud Cover 13 times: since 1955?
******************************************************
profit lost
6.10
19.62
7.60
55.83
4.7
2.22
5.63
zero 9.24
zero 8.19
3.19
zero 11.98
2.12
13.54
------------
77% success
------------------------------------------------------------------------------------------------------------
Tweezer Top 34 times : since 1954
--------------------------------------------
profit lost
z 25.15
z 31.33
z 3.10
z 3.58
z 14.29
z 10.19
10.66
1.56
z 3.38
z 10.31
5.57
1.70
z 4.57
z 5.54
z 37.93
3.61
z 77.84
z 2.12
5.37
3.60
2.22
2.69
2.85
18.56
z 25.53
z 9.25
z 4.82
3.78
3.30
z 2.39
5.23
5.81
z 11.94
z 27.41
---------------------------
44% success rate
********************************************************************************************
Engulfing 67 times : since 1956
Big problem is that small dips then big
bull markets, need re examination.
-------------------------------------
profit lost
4.94 z
z 4.11
.84 z
z 11
2
.41
z 30.21
2.65 z
4.31
55.15 z
z 6.43
2.30
1.89
1.84
8.08
6.54
z 9.15
9.38
4.31
3.10
z 17.16
7.84
z 6.21
z 14.37
z 3.06
z 2.02
2.94
3.34
z 4.07
2.09
2.17
1.97
2.45
z 9.94
z 19.18
1.89
1.09
4.45
2.97
6.61
z 4.18
1.93
3.18
z 5.45
5.57
1.90
z 4.09
11.97
z 6.69
z 15.62
46.26
3.52
4.65
8.64
6.36
34.58
8.94
6.16
20.64
9.04
z 4.23
2.64
28.67
2.81
7.90
z 28.15
19.76
---------------------------------------------
success rate 68 %
-------------------------------------------------------------------------------------------------
Shooting Star 23 times : Since 195!
---------------------------------------
profit lost
zero 7.02
2.25
9.92
z 2.36
z 4.14
z 9.18
z 6.99
2.68 z
7.77
z 63.24
z 3.52
4.45 z
z 4.81
7.36
z 4.48
z 1.61
z 7.06
3.11
z 2.56
z 26.56
19.68
11.34
2.40
----------------------------
47 success rate
-------------------------------------------------------------------------
Falling Window 23 times : since 1953
come together, or during falling markets.
---------------------------------------------------
Profit Lost
18.97
5.65
z 78
25.85 z
z 60
17.63
6.92
2.83
z 3.39
z 6.12
z 6.66
z 4.63
z 1.66
z 46
1.74
z 7.55
4.80
12.43
5.01
1.62
z 116
z 2.81
z 4.47
-------------------
47 % success rate
-------------------------------------------------------------
Hanging Man 30 times : since 1957
1/ 50s was the play ground for this candle !!!
2/ sam old sam small dip then boom !!!
1996 it is a a hammer !!!not a Hang.Man
---------------------------------------------------
Profit lost
z 2.64
4.11 z
1.71
z 6.84
2.23
z 8.80
4.21
7.63
3.02
z 7.84
z 28.59
z 4.46
z 5.15
z 6.84
z 16.68
6.28
z 1.87
2.28
z .87 !!!!crash
z 5.63
3.29
2.30
6.91
z 6.38
z 2.27
3.74
z 7.60
2.02
1.50
1.12
---------------------------------------------------
50 % success rate
