Interactive course · Intermediate
Candlestick Patterns: Read what a candle shows, not what it’s called
Learn the handful of candle patterns worth knowing (strong closes, doji, pin bars, engulfing, inside bars and stars) by reading the behaviour behind them: who had control, where the candle formed and what happened at the close. Then see what the research says, and use a pattern the way it works best: as a trigger inside a plan.
- 55 minutes in total
- 82 activities
- First lesson free, no account needed; the rest with a free account
- The free first course of Strategy
What you'll be able to do
Learn it in minutes, then use it
Each lesson is a few short ideas, each one tried straight away in a small activity: a calculation, a chart to mark up, a trade to take or skip.
- Read who had control from any candle’s body, wicks and close
- Spot strong closes, indecision, pin bars, engulfing and inside bars from their real proportions
- Judge a pattern by where it formed, not by its name
- Place the stop beyond the point that proves a pattern wrong
- See a pattern on one timeframe as a move on a lower one
- Use a pattern as the trigger inside Context, Zone, Trigger, Risk, Manage
Unit 1
Read the candle
- Read behaviour, not namesBody, wicks, the close and size: what every candle is telling you.
- Strong closes and small bodiesThe strong-close candle, and the doji family as one idea: indecision.
- Rejection: pin barsHammers and shooting stars, measured properly, with the invalidation point.
- Location changes the meaningHammer or hanging man, zone or mid-range, with the trend or against it.
Unit 2
Two- and three-candle patterns
Unit 3
Patterns in a plan
General education, not financial advice. Examples use made-up numbers.