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Module 4 Summary

Summary of the Module: Price Action Candlesticks

Price Action Candlesticks in Context:

As we mentioned when we first introduced you to candlestick formations, there are many more than we’ve just covered. For your convenience, we’ve clarified the most useful and common formations. The formations we’ve been discussing have the best chance of resulting in a profitable trade. Keep in mind that using these candlestick formations in conjunction with other technical strategies will yield better results. Combine them with chart patterns like Fibonacci and Support and Resistance, for example. The candlestick formations can then become extremely powerful. When it comes to deciding when to exit a trade, candlestick formations are crucial. Continue to learn! Practice makes you perfect, and the more you use and remember all the candlestick formations, the easier it will become.

  1. The Different shades of the “Doji.”
  2. The Spinning Top
  3. The Formation of the Hanging man
  4. The-Hammer (A.K.A. Pin-bar)
  5. The Shooting Star
  6. Tweezers: Tops and Bottoms of Tweezer
  7. Marubozu
  8. The Bearish and Bullish Engulfing formations
  9. The Evening Star and Morning Star formations
  10. The Inside-Bar Formation