Three Black Crows is a bearish candlestick pattern that you can identify quickly. This pattern does not form frequently, but they stand out visually. While the convention sees it a short setup, you’ll learn that this is not always the case. The Three Black Crows pattern is worth studying because it shows sustained bearish action. […]
Candlestick Patterns With A Moving Average
Candlestick patterns have little value without the right price action context. If you’ve been studying candlestick formations, you must have heard this principle many times over. You cannot trade patterns in a vacuum. But what do we mean by context? It is an overall technical assessment that encompasses: The market’s trend Support and resistance structure […]
Hikkake Trade Setup
Hikkake means to trap, trick, or ensnare. Dan Chesler discussed this candlestick trading setup in the Active Trader Magazine in April 2004 (“Trading False Moves with the Hikkake pattern”). Primarily, this price pattern seeks to identify inside bar breakouts and profit from their failures. An inside bar is a price bar that is entirely within the […]
Belt Hold Candlestick Pattern Trading Strategies Guide
The belt hold formation is a unique candlestick pattern. As a single candlestick, it offers one of the most explicit signals of the current market direction. But simply knowing how to identify this pattern is not enough. You’ll also need to learn specific ways to trade it effectively. In this trading guide, you’ll learn to: […]
How To Uncover Price Action Trading Patterns From Scratch
Are you fascinated by price action trading patterns? Have you learned about candlestick patterns like the Engulfing and Harami? Have you studied volatility patterns like the NR7 or the ID/NR4? If you answered yes to the questions above, then you must’ve wondered about their origins. More importantly, you must’ve wondered how you can uncover price […]
Piercing Line Candlestick Trading Guide With Chart Examples
The Piercing Line is a dramatic candlestick pattern. This bullish formation packs two formidable price action concepts: climax and reversal. Here, you’ll learn this superb candlestick pattern through three detailed charts. But first, let’s run through a short primer on the Piercing Line candlestick pattern. How To Identify The Piercing Line Candlestick Pattern The Piercing […]
