Key Takeaway Description Definition Long wicks on candlesticks indicate potential price reversals by showing the battle between buyers and sellers. Context Matters A long wick alone doesn’t guarantee a reversal; its position relative to support, resistance, order flow, or order blocks is crucial. Confirmation Needed Always wait for confirmation through additional price action patterns, volume…

Section Key Takeaways Understanding the Engulfing Candlestick Pattern Signifies a power shift between buyers and sellers, indicating potential trend reversals. Beyond the Basics: Variant Engulfing Patterns Introduces variants where the engulfing candle is significant even if it doesn’t fully encompass the prior candle. Focuses on the size of the engulfing candle. Trading with Engulfing Patterns…

Written By Zsolt Jirka Key Takeaways Description Understanding Inside Bars Inside bar candles are smaller candles contained within the range of a previous larger candle, indicating market indecision. Significance of Inside Bars in Trends In uptrends, an inside bar that doesn’t break the previous high may signal a selling opportunity. In downtrends, an inside bar…

Written By Zsolt Jirka Trend Interpretation Trade Opportunity Upward Trend Sellers strong, resistance holds Short trade opportunity Downward Trend Buyers strong, support holds Long trade opportunity Key Takeaway: Multiple Long Wick Candles Multiple Long Wick Candles are a group of long-wick candles clustered together. If you’d like to know more about Long Wick Candles, check…

Written By Zsolt Jirka Aspect Details Candle Characteristics Small body, long wick candle in the direction of the trend. Variations Very small body vs. very long wick. Indicative This emphasizes that the body and wick size provide clues about buying and selling pressure. Information Provided Body shows opening and closing prices. Wick shows highest or…