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Candles have their own special message. But how do you correctly read their message? Steve gives you the answer by showing you, step by step, how to read what the candlestick line – both the real body and shadows- is relaying about the health of the market. Using this information, you’ll see the inside secret of how to tell which way the market will break out a trading range. Not all candle signals are equally valid, and in this DVD, Steve gives you a heads up on which candle signals you must be cautious about – and why. Then see how to use the visual insights of single candle lines- even those that are not specific candle patterns- to accurately gauge when the market is most likely to reverse.
Here's what you'll learn:
- Hammer Essentials
- Construction
- Basic criteria
- Market implications
- Basic psychology behind the pattern
- Hammer and trend
- As support
- Dragonfly doji
- Inverted Hammer Essentials
- Construction
- Basic criteria
- Cautions about this pattern
- Shooting Star Essentials
- Construction
- Basic criteria
- Market implications
- Basic psychology behind the pattern
- As resistance
- Example of wrong candle information
- Hanging Man Essentials
- Construction
- Basic criteria
- Cautions about this pattern
- Box range trading- using candles to help predict direction of breakout
- Single candle line essentials – bringing it all together
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