How to Use Fibonacci Retracement with Support and Resistance. Let’s take a look at how to use Fibonacci retracement with support and resistance. As we said […]
When Fibonacci Retracements Don’t Work. Continuing our discussion from yesterday’s post regarding when Fibonacci retracements don’t work, let’s examine the lesson here. While Fibonacci retracement levels […]
Fibonacci Retracements are NOT Foolproof. Fibonacci retracements are not foolproof. In a previous lesson, we said that support and resistance levels eventually break. Well, seeing as […]
Fibonacci Downtrend. Now, let’s see how we would use the Fibonacci retracement tool during a downtrend. Below is a 4-hour chart of EUR/USD. As you can see, […]
Finding Fibonacci Retracement Levels. In order to find these Fibonacci retracement levels, find the recent significant Swing Highs and Swings Lows. Then, for downtrends, click on […]
How to Use Fibonacci Retracements. Let’s talk about Fibonacci retracement levels. Fibonacci retracement levels are horizontal lines that indicate the possible support and resistance levels where the […]
More Fibonacci. Let’s continue with more Fibonacci and take a look at Fibonacci retracement levels and extension levels. Fibonacci Retracement Levels 0.236, 0.382, 0.618, 0.764 Fibonacci […]
Fibonacci Trading. We will be using Fibonacci ratios a lot in our trading, so you better learn it and love it like your mother’s home cooking. […]
Summary of Japanese Candlesticks. We’ve covered a lot about Japanese candlesticks in the last several lessons. Let’s summarize what we’ve done. Summary Let’s summarize what you’ve […]
More Common Mistakes That New Traders Make With Japanese Candlesticks. Here are three more common mistakes that new traders make with Japanese candlesticks. 3. Your imagination […]
Common Mistakes That New Traders Make With Japanese Candlesticks. Here are some common mistakes that new traders make when using Japanese candlesticks. 1. You try to […]
Candlesticks with Support and Resistance. In this lesson, we will be looking at the basic Japanese candlestick patterns that were discussed in the previous lessons to […]
Three Inside Up and Down. The Three Inside Up candlestick formation is a trend-reversal pattern that is found at the bottom of a DOWNTREND. This triple candlestick pattern […]
Japanese Candlestick Cheat Sheet Part 2. Let’s continue from yesterday and look at a few more patterns on our Japanese candlestick cheat sheet. NUMBER OF BARS […]
Japanese Candlestick Cheat Sheet. Here’s a quick one-page reference cheat sheet for single, dual, and triple Japanese candlestick formations. This cheat sheet will help you to […]
Three Inside Up and Down. The Three Inside Up candlestick formation is a trend-reversal pattern that is found at the bottom of a DOWNTREND. This triple candlestick pattern […]
Three White Soldiers and Black Crows. The Three White Soldiers pattern is formed when three long bullish candles follow a DOWNTREND, signaling a reversal has occurred. We consider […]
Triple Candlestick Patterns. What’s better than dual candlestick patterns? TRIPLE candlestick patterns! To identify triple Japanese candlestick patterns, you need to look for specific formations that […]
Tweezer Bottoms and Tops. Let’s take a look at another candlestick pattern known as tweezer bottoms and tops. Tweezer patterns are two candlestick reversal patterns. This type […]
Dual Candlestick Patterns. What’s better than single candlestick patterns? DUAL candlestick patterns! To identify dual Japanese candlestick patterns, you need to look for specific formations that […]
Shooting Star. The Shooting Star is a bearish reversal pattern that looks identical to the inverted hammer but occurs when the price has been rising. Its shape indicates […]