Candlestick Patterns Masterclass

Read candlesticks like a pro: single, double and triple candle patterns, how to confirm them, and when they fail.

Lessons

  1. How to Read a Candlestick: Open, high, low and close on one candle, and what the body and wicks tell you.
  2. The Doji: A candle with almost no body signals indecision. Learn the four types and how to use them.
  3. Hammer and Hanging Man: Small body, long lower wick: the same shape means different things after a downtrend or an uptrend.
  4. Shooting Star and Inverted Hammer: Small body, long upper wick: a warning at tops and a clue at bottoms.
  5. Bullish and Bearish Engulfing: A candle whose body fully covers the previous one shows a shift in control.
  6. Harami and Inside Candles: A small candle contained inside the previous large one shows a pause and possible shift.
  7. Morning Star and Evening Star: Three candle reversal patterns that mark the end of a move.
  8. Three White Soldiers and Three Black Crows: Three strong candles in a row show powerful, sustained pressure.
  9. Piercing Line and Dark Cloud Cover: Two candle patterns where the second candle closes beyond the midpoint of the first.
  10. Tweezer Tops and Bottoms: Two candles with matching highs or lows show a level being defended.
  11. Marubozu and Spinning Tops: Full-body candles show conviction, small bodies with long wicks show hesitation.
  12. The Pin Bar: A pin bar is a candle with a long tail that rejects a level. It is a cornerstone of price action.
  13. Inside Bar and Outside Bar: Compression and expansion: how inside and outside bars set up breakouts.
  14. Rising and Falling Three Methods: A continuation pattern: a strong candle, a few small counter candles, then another strong candle.
  15. Gaps: Breakaway, Runaway and Exhaustion: What gaps mean and how to classify them.
  16. Combining Candles with Support and Resistance: A pattern at a level beats a pattern in empty space.
  17. Confirmation: Why Patterns Fail: Patterns are probabilities. Learn to confirm entries and cut losses quickly.
  18. Candlesticks Across Timeframes: The same pattern means more on a daily chart than on a 1-minute chart.
  19. Risk Management with Candlestick Setups: Turn patterns into a plan: position size, stop, target and expectancy.
  20. A Complete Candlestick Trading Checklist: A repeatable checklist that combines everything from this course.