
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 […]

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 […]