Candle stick analysis is a Japanese technical analysis, adopted by westerners. It is very effective in short term trading and the general forecast duration is within a week. In engulfing buy above the highest of the two days high point(A). Stop loss at the recent bottom(B) and take the difference between top and bottom.(P = A-B) this would be profit and sell at this point above the high point. A+P. In piercing pattern buy at the highest point of two days (A) and stop loss at the lowest point (B). the difference between these two gives the risk. the sell point should be the value of risk above point A. In DOJI buy at the highest point (A) and stop loss at the lowest point of the day (B). risk is A-B. Target should be double of risk in DOJI. Hammer is a bullish variant and hanging man is bearish. In hammer buy when the price crossess the highest point (A) and stop loss at the lowest point (B). The risk is A-B and Target should be double of risk.