Candles and Price Action

Lessons in this module

1. 4.1

   Basic candlestick patterns: hammer, shooting star, doji, pin bar

   Recognize the key single-candle patterns on a chart, and know what history showed: by themselves they give no direction; none beat a random entry on either 15m or 1h

   13 minAccess in Telegram

2. 4.2

   Engulfing and 2-3-candle reversal patterns

   Learn to find multi-candle reversal patterns, and know what history showed: engulfings and stars won no more often than a random entry in the same direction, including at a 20-candle extreme

   13 minAccess in Telegram

3. 4.3

   Morning/evening star, harami, tweezers

   Expand your set of reversal candlestick patterns, and know what history showed: harami and tweezers, like the rest of the module's patterns, gave no edge over a random entry

   13 minAccess in Telegram

4. 4.4

   Market structure: HH/HL/LH/LL

   Identify trend direction through the structure of highs and lows

   12 minAccess in Telegram

5. 4.5

   Price action without indicators

   Learn to analyze a chart without relying on indicators

   13 minAccess in Telegram

6. 4.6

   False breakouts (fakeouts)

   Recognize false breakouts of levels and avoid the trap

   12 minAccess in Telegram

7. 4.7

   Practice: marking candlestick patterns on a chart

   Apply the patterns you have learned on real charts

   15 minAccess in Telegram

8. 4.8

   Key daily and weekly levels: PDH/PDL, PWH/PWL, pivots, opening range

   Use the most traded reference points in the market as anchors for risk and targets, and know what history showed: price does not react to them more than usual, a false breakout of the previous day reverses no better than a sweep of any swing, and one of the previous week reverses worse

   13 minAccess in Telegram