Candlestick patterns offer reversal signals that are effective when you combine them with other analyses. However, there are dozens of candlestick patterns, including exotic patterns that rarely form. Is there an alternative way to catch trends with candlestick patterns? Yes. Let’s get to know the Heiken-Ashi candlestick chart. A Heiken-Ashi (or Heikin-Ashi) candlestick chart is […]
Eight Questions To Help You With Price Action Bar Analysis
Price action analysis might be intuitive and straightforward to seasoned traders. But a systematic approach to getting started seems elusive for beginners. In this tutorial, you’ll find eight questions to guide you by analyzing raw price action bars (candlesticks). Here, I use bars and candlesticks interchangeably. Although these two popular chart types look different, they […]
Three Black Crows Candlestick Pattern Trading Guide
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: […]
