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 […]
Inverted Hammer. The Inverted Hammer and Shooting Star also look identical. The only difference between them is whether you’re in a downtrend or uptrend. An Inverted Hammer is a bullish reversal candlestick. A Shooting Star is a bearish reversal […]
Single Candlestick Patterns. Now that you’re familiar with basic candlestick patterns like spinning tops, marubozus, and dojis, let’s learn how to recognize single candlestick patterns. When these types of candlesticks […]
How to Trade Support and Resistance. Let’s take a look at how to trade support and resistance. I can divide trading support and resistance levels into […]
Doji. Doji candlesticks have the same open and close price or at least their bodies are extremely short. A Doji should have a very small body that appears as a thin […]
Marubozu. Sounds like some kind of voodoo magic, huh? “I will cast the evil spell of the Marubozu on you!” Fortunately, that’s not what it means. Marubozu […]
Basic Japanese Candlestick Patterns. Let’s take a look at basic Japanese candlestick patterns. What do spinning tops, marubozus, and dojis have in common? They’re all basic […]