In Steve Nison’s well-known work, Japanese Candlestick Charting Techniques, he included a section on using candlesticks with oscillators including stochastics, RSI, and moving average oscillator. Crucially, he observed that oscillators are objective and augment the more subjective candlestick patterns. This review will focus on trading candlestick patterns with Welles Wilder’s Relative Strength Index (RSI). This popular […]
Trading The Engulfing Candlestick Pattern With Market Structure
If you are familiar with candlestick trading, you must know the Engulfing candlestick pattern. Its unique visual and dramatic name makes it one of the most popular price patterns. In this tutorial, let’s examine how to form a strategy by looking for this pattern within an ideal market structure. What is the Engulfing Candlestick Pattern? […]
How To Trade Candlestick Patterns With Trend Lines
Combining candlestick patterns with trend lines is a classic price action trading strategy. This approach bears great appeal for minimalists. Armed with the skills to draw reliable trend lines and spot candlestick patterns, you are ready to go. Candlestick traders often use indicators like Stochastics or moving averages to upgrade their trading. But with trend […]
Marubozu Candlestick Pattern Trading Guide
Candlestick traders have heard of the Marubozu pattern. However, they don’t recognize that this unique candlestick is worth much more attention. Most traders learn it as the opposite of the Doji but fail to dive deeper into its application. This gap is our focus in this Marubozu discussion. What is a Marubozu Candlestick? Marubozu means […]
How To Catch Trends With Heiken-Ashi Candlestick Analysis
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 […]
