The Doji candle is a candle that can signal to a price action trader a potential reversal in the market, in particular when price is testing within a important support or resistance area. These types of candles are often very small in size, they are indecision candles because price has failed to move much to the upside as seen by … Read more
The Railroad Candlestick is a unique candlestick pattern that often forms in lows or highs, getting its name from looking like a railroad track, the pattern is a potential reversal pattern. A trader can use this pattern as a determination combined with other factors such as risk to reward, where price is, trend, etc for considering a potential trade in … Read more
Throughout my years as a trader one question that I have been asked multiple times is how to combine volume with candlesticks? It may of been suggested by other traders or it may of been read in a old technical trading book, either way it may of come across as a potential edge for a trader. First of all, what … Read more
A pinbar candle is a potential reversal type candlestick pattern. It is a candle type with a small body and large wick more than double the size of the body of the candle. This type of candle can appear anywhere on a price chart, however when it appears on the chart at certain price areas ( such as support or … Read more
The engulfing candle is a candle type that engulfs the previous candlewith its body. Two main types of Engulfing Candles, first type of Engulfing Candle engulfs previous candles body with its body completely ( top left and bottom right below ), this is the most common type of engulfing candle. The second type of Engulfing Candle engulfs most of previous … Read more