[idaxtrader]

Although this generally means that the bearish engulfing pattern is more bearish than a dark cloud cover, and a bullish engulfing pattern more
bullish than a piercing pattern, it is equally important to see where these patterns emerge before deciding which is more important. For instance,
a piercing pattern that confirms a major support area should be viewed more likely as a bottom reversal signal than a bullish engulfing pattern
that does not confirm support. This vital aspect of viewing the candle patterns in conjunction with the overall technical picture will be discussed
in depth in the next chapter. 76


Eight to ten record sessions are so important in Japan that they have been described as being "the bones of Sakata's body." The meaning of
this expression is that just as the bones, or skeleton, of a person's body are its foundation, so are record sessions the foundation or essence of
the Sakata charts. 122


A book that I had translated states that, "Action that ignores the condition of the market is only asking for a loss and an ambush encounter." This picturesque saying (using the typical military analogy so common in Japanese technical analysis) means that you must consider the overall market condition before trading with the candles. Otherwise, you may be in for a "loss and ambush encounter."129