In this course, students will learn how to read, interpret, and trade candlestick patterns, along with the hidden price action “secrets” behind them.
Candlestick basics
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Definition of a candlestick and how it represents intraday and positional price movement using OHLC (Open, High, Low, Close).
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Types of candles: bullish (green) candlesticks and bearish (red) candlesticks, and what they reveal about buyers versus sellers.
Structure and components
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Parts of a candle: upper wick/shadow, real body, and lower wick/shadow, and how each part reflects market psychology.
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Candle range calculation: total body range, upper wick range, lower wick range, and total candle range.
Candle strength and market meaning
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Candle strength calculation using body %, upper wick %, and lower wick % to judge buying or selling dominance.
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Market meaning and practical trading actions based on candle and wick strength, including when to avoid trades in weak or indecisive candles.
Single candlestick patterns
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Study of key single candlestick patterns: Hammer, Hanging Man, Shooting Star, Inverted Hammer, Green Marubozu, Red Marubozu, Spinning Top, Standard/Neutral Doji, Long‑Legged Doji, Dragonfly Doji (bullish), and Gravestone Doji (bearish).
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How each pattern forms, what it signals (reversal or indecision), and high‑probability trade setups with stop‑loss placement and confirmation rules.
Double candlestick patterns
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Detailed coverage of double candlestick patterns: Bullish and Bearish Engulfing, Bullish and Bearish Harami, Dark Cloud Cover, Piercing Line, Tweezer Top, and Tweezer Bottom.
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How to combine these patterns with support–resistance and trend context to filter false signals and plan entries, targets, and exits.
Triple candlestick “secret” patterns
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Advanced triple candlestick patterns: Morning Star, Evening Star, Three White Soldiers, Three Black Crows, Bullish and Bearish Abandoned Baby, Three Inside Up, Three Inside Down, Three Outside Up, and Three Outside Down.
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Professional techniques to use these triple patterns for early trend reversal identification, multi‑timeframe confirmation, and building rule‑based intraday and swing strategies.