hey hey what's up my friend so welcometo the ultimate candlestick pattern trading costs right in this course rightyou'll learn how to identify high probability trading setups so you canprofit in boo and bear markets now some of you might be thinking right I'm newto trading right would this help
me I have no idea about candlestick patternsI don't know technical analysis don't worry right because in this courseright I'll walk you through step by step from A to Z right on how to treatcandlestick patterns even if you have no trading experience and by the end ofthis session right
I can assure you that you will be able to treat candlestickpatterns like a pro sounds good then let's begin so now the first thing rightto get started is what is a candlestick pattern okay so a candlestick pattern isessentially a method right of reading a price chart it originated
back in Japanright that's the history and the key component of a candlestick chart is thatit shows you four things it shows you the opening price the price the high ofthe session the low of the session and the closing price okay so when I use theterm session or it
can mean different things right if you're looking atCandlestick charts on a daily timeframe it means the high of the day if you'relooking at Candlestick charts on the one-hour time frame it means the high ofthe one-hour session okay so it can mean different things depending on thetimeframe you're looking
at we will cover that in more details later so nowhow do you read a candlestick pattern or how do you read a candlestick chart soremember there are only four things the open the high the low and the close solooking at this right you can see that the candles
are usually typically twocolors either you know green red or perhaps can be black white rightsometimes you can even no change the color if you want but generally the mostcommon color is green and red so when you see a green candlestick patternright it means that the price has closed
higher for the session so you can seethat this is the opening price at this this line over here this is the openingprice this is the closing price and when you see this black shadow over here wecall this a wick right this is the upper wick this is the
highest of the sessionand this over here is the lows of the session all right thisat this point over here so likewise right on the other hand the rate Calabarthe bearish bar the open is at the opposite side the open now is on topright over here the open and
the close is at a bottom and the lowest of thesession is here over here and the highest of the session is here so themain difference between a bearish bar and a bullish bar is that the open andclosed already opposite side for a bullish bar it means the prices
closedhigher for the session the open is always below the closed for a bearishbar it means that the price has closed lower for the session and the open hasto be above the closed okay so now let's try to understand know this candlestickpatterns in more depth so first thing right
you'll notice that is thatcandlestick patterns there are two main component to it right one is what wecall the body this portion here is the body right in this green area and thisblack shadow thing is what we call the wick right so the body pretty much tellsyou right who's
in control so in this case you can see that the buyer is theopening prices over here and the buyers push price up all the way up higher andfinally closing in this highs of the session however you can neglect this ashadow as well because what it's telling you is
that there is price rejectionthere is you know rejection of higher prices because if you think about thisright this was once the highest of the session so what this tells you is thatat one point in time the sellers actually pushed a price from this highsdown lower right until it
price closed over here all right until it closed overhere so if you think about this right this is actually a form of pricerejection right rejection of higher prices so there are two components to acandlestick pattern the body and the week the third thing that I want you toknow
is this right where did the or rather what is the size of the bodyrelative to the week because you can see over here again you have just a wick andthe body but this time around the message is completely different right ifyou look at this candlestick pattern over here
it shows that yes the pricedid close higher the price open here at this level and it closedover here right is the close this is the open however if you look at the weeknotice the price rejection because at one point in time right the highest ofthe session is over
here at this point and the only way for the price toactually close at this level is that a price right has to come all the way downfrom the highs and then finally closing and this this level so what does thistell you it tells you that yes right the
bias did push the price up slightlyhigher for the session but there was an immense amount of selling pressure astrong price rejection right that actually pushed the price lower duringthe session so you can see that over here this isn't a very bullish patternin fact it's quite bearish as it
shows you that the immense selling pressure bythe sellers okay so you also want you to pay attention to actually these threethings number one is the body number two is the week and number three is the bodyrelative to the week right the size of the body relative to the
week usually ifthe wick is much longer than the body it is a sign of price rejection okay sothis is a how you read candlestick patterns just three components the bodythe wick and the body relative to the wick so moving on right let's look at afew variations right to
Candlestick patterns so the first one I think issomething that you are probably you know familiar with the price actually openedhere open then it closed this is the highs this is the lows of the sessionthis is a closer I quickly see then in terms of the meaning behind it
you cansee it's quite straight forward the price open near the lows it tried toreach come down lower but rejected then you finally close near the highs at onepoint in time I was actually at this level over here meaning the buys waythis level at one point in time and
the sellers came in push price slightlylower and finally closing near the high so it's a sign of strength how aboutthis candle you can see that a price open here and it closed over here sowhen the market just opened right possibly what happened is that a pricecame down lower
the sellers were in control then a bias to charge and pushpush press all the way back up higher back towards this heist and then finallythe sellers came back in him and you know the market closed at this pricelevel so generally the meaning behind me is that there is
you know indecision inthe markets both buyers and sellers are present right and the Mucky just inchedslightly up higher so if you ask me generally this is what we call anindecision pattern and if you look at this last candlestick pattern try theprice open here market came down all the
way down lower sellers are in controlthen the bias took charge and reverse back and finally closing near the highsso the meaning of this pattern is rejection of lower prices the buyers areclearly in control okay moving on right just the opposite variation this one Ithink I don't need as
much to go through it's just the opposite to what we havejust shared earlier okay this is instead that this is the selling version of itso now let's do a quick recap shall we a candlestick chatter it shows you who'sin control all right remember I said pay attention to
the body the wig and thebody relative to the week that is important as well right because if youcan have a bullish close button if you're wick is much longer than the bodyright it's still a sign of price rejection okay so moving on candlestickson different time frames so earlier
right if you recall I say thatcandlestick chart can appear on different time frames daily one-hourwhatsoever and if you look at this right this is a candlestick chart on the 16minutes time frame right which is the one hour so you can see that this meansthat every hour one of
this bar will be painted right every hour this bar bepainted one hour despise painted one hour later this bar is painted one hourlater this bar is painter so a bar is printed on the screen every one hour andif you look at this one over here this is the
daily time frame okay see thisover here one sorry 1d right means daily rightthis means that every single bar is printed after a day so here's a Mondaythere'll be a bar Tuesday there is one bar Wednesday there is one bar and etcso this is how candlestick patterns right can
form on the different timeframes so now on walk you through something what we callcombining candlestick patterns because candlestick patterns they areessentially just show you the price of the different sessions and if you thinkabout this right this can be combined right for example let me share with youright if
you look at this I just imagined and let's say this is a onehour candle right the green one is one hour rate one is one hour so now whenyou combine these two candlestick pattern this one over here Oh what timeframe is this candle gonna be well one hour
plus one hour this will be a twohour kendo all right and how did this to our candlecome about very simple right a two hour candle simply means right it I didn't ifI was the high over the last two hours what is the low over the last two hoursthe
opening price of the first hour and a closing price right at the second hoursimple so if you look at this right this is essentially the open this is theclosed this is the highest let's call the H and this is the lows right let'scall it L so you can
see that where did we get the open from we get the openfrom the first candle because this is the first candle the first hour of thetwo hours so this is the open so this is why we have the open over here now whereis the high the high is
simply the highest point between these two candlesso in this case the highs between these two candles is pretty much the same sothis is the highest what about the lows the loss is essentially the lowest pointbetween these two candles between these two one-hour candles and the lower thelow is
actually this over here which got this dis and where is the close well theclose is essentially the close of the second candle which is this one overhere this candle close at this price level and that's why you got this closeso when you combine these two candles this one
plus this one you gotta getthis bearish looking price rejection on your chart does it make sense okay let'slook at some real examples so if you look at this chat right this is thechart of the one hour time frame okay just pay attention I want you topay attention to
this two areas right these two candle this one this one andthis one this one briefly visualized in your head right at hey let's say I'mgonna move to a two hour time frame right now how will these patterns changeso let me give you five seconds to can I know
work on your visualization one twothree four five all right so let's have a look so you saw those two patternsearlier it pretty much is reflected like this on a two hour time frame can yousee what happened the two 1-hour candles are simply combined to form the patternand you
are seeing right now okay let me just go back a little bit so you can seeright this one over here this one plus this one and this one plus this one sowhat happens is you get this candlestick pattern over here and this candlestickpattern over here all right so
let's just to walk you through why is thisgreen color because the second candle did close higher above the first so ifyou look at it this second candle over here it it closed higher above this oneover here so that's why you got a bullish bullish close okay and similarfor
this right this candle it closed right but itdidn't exceed the open of this candle so that's why it's still red on the twohour time frame as you can see over here and over here okay so by now I hope youcan understand how candlestick patterns can be combined so
this is very usefulright when you're looking at a price chart let's say the one-hour time frameand you can you can't make sense out of it right so you're gonna see clearlywhat you can do is go on to a two hour time frame and things might be differentor you
might get a clearer view of what's happening similarly if you're ona four hour time frame you can make sense out of it go up to the eight hourtime frame and things might be clearer for you okay so this is the so-calledusefulness right off combining candlestick pattern second I
knowjust understanding what's going on on the big picture so now how not to trickcandlestick patterns right so like no you're notwe candlestick patterns even not to combine them how do you not treatcandlestick patterns because this is a mistake right I see many new tradersmake because you know as
I've said right earlier you recall that I see there ifthe candle is green it means bullish if the candle is red it means bearish rightthe price is close lower so what traders would do is that youlook at a chart and they find a series of green candles and
it go long forexample they see over here what many candles green over here bullish bullishlet me buy it so bullish to go along and bam MAreverse similarly ready look at the chat oh it's so Barry's right Rick and littleRick and the brainless aids you know selling a cellar
sign control I shouldgo along bum market reverse right or if they look at you know this green kenneloh you know rejection of a rejection of lower prices this Kendall right let mego long Pam mark in Reverse what's going on right why why is that so so I'llexplain why
surely but first right how the message I'm trying to bring overhere is that you don't want to treat candlestick patterns in isolation whatis isolation it means right you know what a trick candlestick patterns by initself just because the candlestick is green it doesn't mean you go long justbecause
it's great doesn't mean you go short that's what I mean by isolation sodon't treat candlestick patterns in this manner okay so just a quick recap rightCandlestick charts it can be combined as I've shared with you earlier and alsoyou don't want a trick candlestick patterns in isolation so now
you mightbe wondering okay Rana so how should I treat candlestick patterns right solet's talk about that so how should you treat candlestick patterns I would liketo introduce to you something what I call the K framework the Taytayframework all right so what is Tay Tay stands for Train right
is area of valueand E stands for entry trigger okay so when you want to trick candlestickpatterns right remember these three things the trend the area of value andthe entry trigger so now before I can you know dive into this framework andthis methodology right I need to explain to
you what is entry trigger okay so todo so right I would say candlestick patterns are very useful and powerfulentry trigger into a tray so before we can go into this framework right let meshare with you right five powerful five powerful candlestick patterns right thatcan serve as an entry
trigger and once we've learned that right we can look atthis framework and see how we can actually find high probability tradingsetups in the market okay so moving on the first candlestick pattern that Iwant you to know is the engulfing so the engulfing pattern right this isthe so called
the theory behind it right so you can see that this green candleover here is what we call the bullish engulfing pattern why is that because ifyou look at it right the body of the green candle which is here from here inthe open and the close it has engulfed
the body of the previous candle so thisis the previous candle let's call it number one and it's number two right youcan see that the engulfing candle bullish engulfing candle has actuallycovered the entire body of the first candle so this is why we call it thebullish engulfing pattern because
the meaning behind it is that if you look atthe charts right first candle sellers are in control the open over here and itclose near the loose on a second candle the buyers aresomehow on steroids I pump the ready on steroids ready open near the lows andyou finally push
price up all the way up near the highs over here they arefreakin on steroids right this is open and this is the closed so this is a signof strength right let's see it shows you that the bias have reversed all theselling pressure and more so this is why
it's called a bullish engulfing patternright firstly engulfed the body of the previous candle and it's a sign ofstrength as a bias have pushed price higher and even closing above the highsof the previous candle the other pattern is what we call the bearish engulfingpatterns just the opposite right you
can see that the first kind over here isbullish bias are in control open here and closing near the highs but a mixcandle sell us to Chechens smash the price lower right they open near thehighs as well but they took charge and finally push price lower and closingnear the
lows over here so this is a bearish engulfing pattern telling youknow what sellers are in control okay so this is the first pattern I want toshare with you the engulfing pattern and it's very useful to identify no marketreversals the next one hammer and shooting star all right so
let's have alook at the hammer so the hammer is something that you might be familiarwith because you saw earlier right be earlier examples so the hammer is abullish reversal because it's actually showing you price rejection in themarket in fact it's rejection of lower prices if you look at
this right theprice open here and at one point in time when the sellers were actually incontrol pushprice lower near the lows of this session near the lows of this sessionand then the bias came in to just hey hey this is enough man I'm coming inright they push price
all the way up higher and finally closing near thehighs right so this is a sign of strength right rejection of lower pricesso this is what a hammer means on the other hand right the shooting star isjust the opposite right it's showing you rejection of higher prices if you
lookat this right the price open here bias took Church push the price up higher butthen hey you know sellers suddenly came in and push the price down maybe youknow detainment it prices too high you know it can't go any higher this cellthey shot the market and a market
collapse lower finally closing near thelows so this is a rejection of higher prices right these two patterns againall right are you try to help you identify market reversals dragonfly anda gravestone doji right sounds a handful but really dependent is very similar tothe hammer and shooting star the only
difference right is that nowthis doji doji simply means right a indecision in the markets but fordragonfly and gravestone doji it's a sign of price rejection because if youlook at it right it's actually very similar to the hammer and shootingstarted you've seen earlier right let me just go back
a little bit hammershooting star dragonfly doji gravestone doji so nowlet me ask you what is the difference between the hammer and shooting star andthe Dragonfly and gravestone doji if you think about this right the onlydifference is the doji doesn't have a body there is no body right what
it justshows you is just the price rejection so this component over here is therejection of lower prices this component over here is the rejection of higherprices so if you think about this right even though the price is opening closeat the same level it doesn't mean that the market
is undecided because themarket has actually tilt its Henn right because at one point the sellers were incontrol pushing price down lower and then the bias came in right and tookcharge and finally push up all the way up higher and closing near where it openexit level so this is
a sign of strength rejection of higher rejection of lowerprices and this just the opposite right price open atthis level bias to judge push the price up higher and then seller smash theprice down lower closing at the same level okay so this is a rejection oflower prices rejection of
higher prices moving on right morning and evening starright star let's look at the star so this is a morning star so you can seethat this is a somewhat similar to the engulfing pattern but with a slightvariation to it first candle sell uh sign control open over here and
closingnear the lows second candle which is this dodgy looking candle is indecisionright because the market opened and closed at the same level because if youif you read this uh candlestick pattern what is telling you there's the openinga close are at the same level market at one point in
time right this was theheight of the session and at one point in time this is the lows of the sessionso eventually right the highs and lows the market actually know when back to dowhere it open right so it's telling that there is someone in decision indecisionin the markets
and then finally right the third candle prize open and push upall the way up higher and finally closing near the highs so if you look atthe price section of this candlestick pattern or if you think about this islike first candle sellers Inc are in control push the price
lower secondcandle buyers and sellers there include in equilibrium cannot designer who getsthe advantage so they're pretty much closer at the same level candle by astep in right and say hey you know I mean Josh boom price close near theheist so that's the meaning behind the a Morningstarit's a
bullish reversal pattern and the evening star is just the opposite rightfirst candle buyers are in control closing near the heights second candleindecision right Candace I know whether you know go up will go down so that'swhy they closed in the same level where they open on this disc and
over hereopening close say the same level and Kendall Morningstar right sorrybears come in and push price lower closing near the lows so this is what wecall an evening star a bearish reversal pattern and finally tweezer top andbottom right so a tweezer top right is this one over here
okay so this isactually a tweezer bottom so let's talk about tweezer bottom first twist thebottom basically right it's a it's a offseasonbecause it's actually showing you right rejection of lower prices two timesright first rejection second rejection right so if you look at the pricesection again price open over
here at one point in time right the sellers camedown all the way down lower tried em by a step in push price higher and closingyear then the next can know the price open at this level cell let's try topush price lower once again right near the lowest rate
you did previously overhere couldn't exceed the lows just couldn't push price lower then thebuyers stepped in and finally closing and the highs so this is a sign ofstrength right rejection of lower prices in fact you rejected the price saystwice right so this is a quite a strong pattern
right shows you two times theprice of rejection and on the other hand right this is a tweezer top right youcan see that over here price open over here and closed here at one point intime it was at the height of this session before the sellers did pushprice quite
a bit finally closing near this middle of the range of the candlethen the next candle the price open here and the buyers quickly took charge Godrejected in the same level or around the same level again before the sellers comein pushed the price lower and finally closing near the
low so again two timesthe price rejection rejection of higher prices so this is a bearish reversalpattern so now that you understand right the five powerful candlestick patternshow does this fit into the teh framework right remember the T right trend area ofvalue and the entry trigger so now we
really settle the entry trigger portionbecause the reversal patterns that you have seen earlier those are entrytriggers that you can use to enter the trade but before you you know you tradeit right remember we said right don't trade it in isolation like this meansthat we have to use other
factors or other market conditions right to lookfor before we wait for our entry trigger and the conditions that we look for isthe K framework that trend and area of value and finally the entry trigger sofirstly right the trend so what we are looking for is that if the
price isabove the 200 ma we will have a long bias this means that we want to be abuyer in this market condition if the price is below the 200 MAwe'll have a shot buyers this means that we will only be looking to shop right sounderstand that when I
define the trainer it doesn't mean that justbecause the price is above the 200 period moving average it doesn't meanyou go along immediately no no no this is just to give you a bias a permissionthat hey you know now it's time to be buying now it's time to be
looking forbuying opportunities okay so now that we have defined the trend a second thing wewant to look for is area of value right you wanna get a trait from an area ofvalue when you go to a supermarket you don't be buying apples right when you'reselling tree apples for
$30 you want to be buying apples at 3 for $1 3 for $2right getting value out of it and it's the same for trading right when you wantto buy trip from an area of value so an area of value could be stuff likesupport and resistance moving average trendline
channels etc etc so I'm justgonna give you a few examples over here area of value and the third thing iswhere we look for the entry trigger to enter the trade like for example thecandlestick patterns you've seen earlier engulfing pattern tweezer tops andbottoms you know and etc okay so
now using this framework we can thenformulate trading strategies right to profit in pull and bear markets soremember the first thing we are looking for the trend right if it's an uptrendwe will only look to buy and we'll buy it either area of support moving averageor upward trend line
and then we look for an entry trigger right the entrytrigger would be a bullish reversal pattern like a hammer a bullishengulfing pattern right a dragonfly doji in a cetera does it make sense okay sonow let's have a look at a few examples to kind of know bring in
this concepttogether bring all these concepts together example one so you can see overhere right I don't have the 200ma on the chart right but needless to say thetrend is down right because you can see that the market is moving from up todown so it's a downtrend then we
saw that you know the price cameinto this area of resistance right the way the price of rejected wants twice ina third time and at that time over here you've got this entry trigger so numberone you look right you have the trend what is the trend the trend is
downnumber two do you have the area of value yes you do right this is the area ofvalue we're at resistance right and I'm tree do you have your entry triggerlet's call it e entry trigger yes you do have right this is a shooting starrejection of higher prices so
can you seen it now you're nottrading candlestick patterns in isolationnow you're trading candlestick patterns in the context of the market meaningyou're trading candlestick patterns right based on you know market structurebased on the trend this actually increased the probability of your tradeworking out so you can see that over
here right shooting star occurred atresistance in a downtrend okay and the market did continue slightly lower soone thing to point out is that the examples I showed you right are allpretty much winning trades but in reality right you won't get all winningtrades you will probably meet you know
50 percent winners 50 percent losersagain the reason why I share winning trades because it's easier to illustratethe concept but again those chart or rather the chance you are seeing rightnow this are cherry-pick I admit right to illustrate the point I'm trying tomake a cross but in a real
wall of trading right you won't have hundredpercent winners somewhere along 50% 55% winners so this is something that youmust a kind of asset and embrace okay so this is the first example second exampleright what is the trend of one what is the trend train is well down right
downtrain or I can see that the prices coming down lower number two where isthe area of value this time around the area of value is a moving average thisis the 50 period moving average is acting as a dynamic resistance I'm atree what is your entry trigger this time
wrong we have this a bearishengulfing pattern I noticed this over here market closed higher second candlesmash lower closing you're the low so this is what we call a bearish engulfingpattern right so we have treating someone train area of value and entrytrigger and we can go short now having
our stops above this high somewhere hereright and the market to see if the market can continue lower so now you cansee that hey you know we're all trading with something that that kind of makessense right based on what the market is telling you we're not just trading thesepatterns
blindly in isolation example 3 alright look at this right ask yourselfagain what is the trend what what is the Trainwell uptrend right series of higher highs and higher lows if you can't seethis right just pull out your 200 ma right and chances are this one the pricewill be
above the 200 ma so anyway the trend is up second thing area of valuedo we have an area of value to treat from well seems like it right becausethe price has been respecting me 50m in here herehere and here okay so number three entry trigger do we have
an entry trigger wellseems like it right we have a bullish engulfing pattern over here a sign ofreversal rejection of rejection of lower prices right price closed higherengulfing be for a scandal here as well price open and enclose higher above thefirst candle another bullish engulfing pattern so this is
a bullish reversalpattern then you can go long right not a bullish reversal pattern then youcan go long and again we are not going long just because we see a bullishreversal pattern we go along because it's in an uptrend from an area of valueright let's have a look at
another example this time round right what isthe Train again what is the trend one look it's an uptrend number two area ofvalue where is it right if you look at the area of value we have this actuallythis trend line support so this time round it's not it's not
a moving averageor support right it's a trend line upward trend line so you can see thatover here in fact if you look closely this over here right you can actuallyplot a level over here it's what we call a previous support that EGIS resistancethis one and on top of
it you have the confluence of a trend line so your areaof value now is there are two things right I'm just call it x 2 1 is thetrend line upward trend line support and the other one is the previous resistanceagain support right so this is strong area of
value the third thing what do wehave all these engulfing pattern right we have this right so this is your entrytrigger again the Tay framework is met right uptrend area of value entrytrigger right this bullish engulfing is a bullish reversal pattern ok anotherexample right I really want to do
hammer in this consumer right so once you canapply it right I would say that you know you can start finding right much higherprobability trading setups instead of you know just blindly trading thesepatterns so again number one what is the trend well down trend right number twoarea of value
what is the area of value this one over here right resistanceprevious support acting as resistance resistance okay number three what is theentry trigger I think we've got something called knee tweezer top rightas you can see that the price rejected the highs over here one time then yourejected here
second time right and finally closingnear the loo so this is a tweezer top Barry's reversal pattern traders canlook to go shot and stop-loss right I typically set it a distance away fromthe high side I want to set it immediately directly above the highestbecause sometimes the market can just
spike up higher and then reverse loweralright so usually I give it some buffer put it somewhere here right if younotice I have not talking about target profits yet because this entire cost isabout Candlestick patterns I don't want to go into trade management and targetprofits if not your run
right for a few hours rightbut generally right if you are a swing trader what you can do is to capture theswing look to take profits right before the set before the buying pressure comesin so now you're looking to shop you want to take profits right before wherebuyers would
step in and push price higher so if you look at it right wherewill bias come in right bias chances are they will come in right in this area ofsupport so you may want to take profits right before this area of support okayso say your stop-loss is here your
entry is somewhere here right and your targetright could be somewhere here before the area of support so t p is for entry ands is for a stop loss all right stop-loss entry target profit so this is somethingright you know how we can go about trading this particular market
right sothis is for swing trading for position trading what you can do just drill yourstop-loss so I can use a moving average like a 20-period moving average totrillium stop-loss if the price closes above the 20 ma you exit the trade or inthis case right if the price breaks
and close above the previous candle high youexit the trade as well so in this case right Kendall did this candle over herebreak and close above this previous candle high so you exit somewhere hereso depending where you capture a swing or write a trend your trade managementwill differ accordingly
okay so but it's a video for another time but just togive you a brief introduction into you know trade management and exits examplesix all right let's have a look again right so again at a framework number onewhat is the trend tell me right the trend is down number
two do we have anarea of value where we can trade from right seems like the market isrespecting this are 50 ma all right and then 30 do we have a valid entrytrigger to trade from oh yes we have an evening star right price close higherdecision Kendall and in
smash lower reverse in the other lows so now Weaverthe trend downtrend area of value 50 MA and entry trigger is this evening starbearish reversal pattern okay one final example to really hammer home rightbumper mama mom the concepts that you've learned todaynumber one what is the trend Kranitz downtrendokay
number two are we trading from an area of value yes we are previoussupport I guess resistance okay number three dowe have a valid entry trigger to go short hey what is this this looks likean evening star alright so evening star right market closed higher ii can knowsomewhat of
an indecision candle and entered candle market closed loweralright so yes we have all this three criteria so min so one thing to pointout right is that earlier you've seen that the I've shared with you thedifferent reversal candlestick patterns and if you notice right the evening starlooks slightly different
from what I shared earlier what I said earlier ifyou recall this middle candle shows a doji where the price opening close atthe same level right where is this one over here there's actually a slight bodywhere the price did close higher slightly and this is important becausewhat I share
with your earlier the so-called textbook patterns right thereare always variations to it in the live market so this is why it's so importantto understand the candlestick patterns not by memorizing patterns right butunderstanding right what each candle mean by looking at the wick the body andready the body close
relative to the wick so this is why I keep hammeringthat point earlier the 3-pointer body the wick and where the price close rightfor the body relative to the wick okay so because in the real world of tradingyou won't get this textbook examples right you won't get you know
the openingclose at this exact same price level sometimes gonna be a slightly higheropen sometimes gonna be a slightly lower closer and stuff I mean you gottaunderstand right nuances and variations they can come with it right same forthat you know tweezer tops and bottoms if you see earlier the
tweezer topsright that takes for example I share the highs right were able an exact samelevel but for this example or this one the second candle the highest actuallyexceeded the first candle again there are always variations to it so if you'rea top of you know die die you know
memorize thepatterns then you couldn't have a really hard time because the market will notgive you the exact textbook setup it's always comes in all variations slightnuances and changes along so you have to be prepared and you know really know howto read candlestick patterns so that's why we spend
some time right talkingabout reading candlestick patterns in the earlier part of the video okay sowith that Citra let's see oK we've covered this alright let's do a quickrecap shall we whatever so far we've spoken about theTAFE rainwork right in the trend area of value and entry trigger right
you lookfor these three things right you can't findhigh probability trading setups in boom markets and bear markets there is spokeabout the candlestick patterns that you might want to pay attention to the Ngolfing pattern the hammer shooting star doji tweezer tops and bottoms andmorning and evening star okay so
so now alright that's pretty much what we havecovered so give me a moment let me check so yeah that's a recap andreally if you want to learn more okay you found a learn more about what I dowhat I recommend is you know you can go down to my
website trading with rainy orcalm okay if you can't find it this is it right you can go down to my websitetrading with rain or calm over here the link right and you found a little mobilethe strategies and techniques that I used to create the markets goingdownload these two
free trading guys okay the lingo just so over here I justgo down to my website click this blue button this one will share with you ontechniques on how to write massive trends in the market remember we didn'thave time to talk about you know trailing stop loss and exit
so this bookover here will talk about how you can go about writing trends in the market forprice action trading right in the ultimate guide to price action tradingthis one will share with you on how you can better read the markets and bettertime your entries and exits pretty much
similar to what you have learnt todaybut in a more in-depth manner so go to my website download these two tradingguides click this blue button and I'll send it to your email address for freeokay so that's it I've come to the end of this presentation I hope you'veenjoyed it
and if you really do please write hit the like button smash it bambam bam bam right and subscribe to my youtube channel so you always be updatedwhenever I publish content like this and finallyany questions or feedback let me know below and I'll do my best to help sowith
that cigarette I hope you got value out of this presentation I wish you goodluck and good trading and I'll talk to you soon you
