While many books mention gaps, Bedford dedicates a chapter to the "Exhaustion Gap." She teaches that the "secret" is not recognizing the gap, but waiting for the confirmation candle after the gap. She calls this "letting the smoke clear."
is a seminal text in technical analysis, widely regarded as the definitive guide for adapting ancient Japanese charting methods to modern equity markets. Originally published by Wiley, this book serves as both a theoretical textbook and a practical workbook. It breaks down complex trader psychology into actionable, rule-based chart interpretations. The Secret of Candlestick Charting Louise Bedford.pdf
This section is the technical core of the book. Bedford categorizes patterns based on the number of candles required to form a signal: While many books mention gaps, Bedford dedicates a
6. Candles and Gaps 7. Support and Resistance 8. Western Techniques and Candles 9. Share Stages It breaks down complex trader psychology into actionable,
The book is structured as a step-by-step guide, moving from basic pattern recognition to advanced trading strategies. Here is the full table of contents as published by Wiley:
Bedford's book offers several tips for successful candlestick charting: