In the book I read some interesting points. However I am only going to discuss the large candle sticks that the author mentioned. He mentioned for instance on a large candle stick ( on the chart the candle is green) that support is found in two areas. The first area of support is at the bottom of the . While the 2nd area of support is found 50% of the large candle.
As for ( red candles on the chart are the candles), when a large is formed
the top becomes resistance. While the 2nd area of resistance is found 50% of the candle stick.
The chart above illustrates a case study of this. For the large I only used that were $15 from the high to low.
I highly recommend reading this book. It has alot of other interesting points on Japanese .