Learn a profitable and simple price action trading strategy that works for currency, stock, and crypto markets. Top six powerful candlestick patterns explained.
Introduction: Simple Yet Profitable Price Action Trading Strategy
Price Action Trading Strategy: Understanding the Human Thought Process behind Market Movement
Top 6 Powerful Price Action Candlestick Patterns Every Trader Must Know
1. Dark Cloud Cover and Piercing Line
Dark Cloud Cover: A Reversal Signal for a Potential Downside
The Five Criteria for Dark Cloud Cover
Rules for Entering a Short Position Using Bollinger Bands Indicator
Piercing Line: A Reversal Signal for a Potential Upside
The Five Criteria for Piercing Line
Other Examples of Dark Cloud Cover and Piercing Line Trading Strategy
2. Bullish and Bearish Engulfing: A Sign that the Market is Ripe for a Price Change
Bullish Engulfing Candlestick Pattern: A Buy Signal and Sign of Higher Prices to Come
Reliability of Bullish Engulfing Pattern
How to Trade Bullish Engulfing Pattern
Bearish Engulfing Candlestick Pattern: A Sell Signal and Sign of Lower Prices to Come
Reliability of Bearish Engulfing Pattern
How to Trade Bearish Engulfing PatternÂ
Other Examples of Bullish and Bearish Engulfing Trading Strategy
3. Pinocchio Bar or Pin Bar: A Sharp Reversal and Rejection of Price
Pin Bar: How to Spot a Sharp Reversal and Rejection of Price
The Three Features of Pinocchio Bar
How to Trade Pinocchio Bar
Bullish Pin Bar: A Valid Tradable Sign for a Buy Signal
Bearish Pin Bar: A Valid Tradable Sign for a Sell Signal
Conclusion: A Reliable and Profitable Approach to Price Action Trading