Price Action RoadMap Series By Brain Titans

RahulChaurasiya

Price Action RoadMap Series
Master essential trading strategies through price movement analysis. Key topics covered include:

Candlestick patterns for precise market entries
Identifying support and resistance levels
Understanding trendlines and channels to follow price action
Supply and demand zones for optimal entry/exit points

Market Psychology
Achieving success in trading requires a strong mental approach. Learn about:

Emotional control and discipline
Managing fear and greed in volatile markets
Building a resilient mindset for long-term trading success

Price Action Roadmap for Beginners

Part 1 - Hammer Candlestick Pattern

In this lesson, we will explore the hammer candlestick, a critical reversal pattern in Price Action trading. The hammer is known for its long lower wick, indicating strong buying pressure after a downward trend. It’s a variant of the long wick candle and is one of the most effective patterns used to predict market reversals. By understanding how to identify and use hammer candles, traders can improve their ability to spot potential turning points in price movements, making it a valuable tool in trading strategies.

Part 2 - How to Use Bullish Engulfing Pattern

The Bullish Engulfing Pattern is a powerful reversal candlestick pattern often signaling the end of a downtrend. Here’s how to use it:

Identify the pattern: Look for a small bearish candle followed by a larger bullish candle that completely engulfs the body of the previous candle.

Confirmation: Wait for the price to close above the high of the bullish candle to confirm the reversal.

Entry: Enter a long position after confirmation with a stop-loss below the low of the engulfing candle.

Part 3 - Morning Star Candlestick Pattern

The Morning Star Candlestick Pattern is a bullish reversal pattern that signals a potential trend change from bearish to bullish. It consists of three candles:

First candle: A long bearish candle indicating a downtrend.

Second candle: A small bearish or bullish candle that gaps down, signaling indecision.

Third candle: A long bullish candle that closes above the midpoint of the first candle, confirming the reversal.

Part 4 - Evening Star Candlestick Pattern

The Evening Star Candlestick Pattern is a bearish reversal pattern that typically signals the end of an uptrend. It consists of three candles:

First candle: A long bullish candle indicating an uptrend.

Second candle: A small candle (either bullish or bearish) that gaps up, suggesting indecision among traders.

Third candle: A long bearish candle that closes well into the body of the first candle, confirming the reversal.

Part 5 - Inverted Hammer and Shooting Star Pattern

Inverted Hammer Pattern

The Inverted Hammer is a bullish reversal pattern found at the bottom of a downtrend. It features a small body with a long upper wick, indicating buying pressure. The pattern suggests a potential reversal if confirmed by subsequent bullish candles.

Shooting Star Pattern

The Shooting Star is a bearish reversal pattern occurring at the top of an uptrend. Similar in shape to the Inverted Hammer, it has a small body and a long upper wick, signaling a potential price decline if followed by bearish confirmation.

Part 6 - Tweezer Top and Tweezer Bottom Candlestick

Tweezer Top

The Tweezer Top is a bearish reversal pattern found at the peak of an uptrend. It consists of two candles: the first is a bullish candle, followed by a second candle (either bearish or bullish) that has the same high. This pattern indicates that buying pressure has weakened, suggesting a potential price decline.

Tweezer Bottom

The Tweezer Bottom is a bullish reversal pattern occurring at the end of a downtrend. It features two candles where the first is bearish, followed by a second candle (either bearish or bullish) that has the same low. This indicates that selling pressure has diminished, signaling a potential upward reversal.

Part 7 - Dragonfly Doji, Gravestone Doji and Hanging Man candlesticks

Dragonfly Doji

The Dragonfly Doji is a bullish reversal candlestick pattern that forms when the open and close prices are at or near the same level, with a long lower shadow and little to no upper shadow. It appears at the bottom of a downtrend, indicating potential buying pressure and a reversal in sentiment.

Gravestone Doji

The Gravestone Doji is a bearish reversal pattern occurring at the top of an uptrend. Similar in structure to the Dragonfly Doji, it has a long upper shadow and little to no lower shadow, suggesting that buyers have lost control, potentially leading to a price decline.

Hanging Man

The Hanging Man is a bearish reversal pattern that appears at the end of an uptrend. It consists of a small body at the top of the trading range with a long lower shadow, indicating that despite upward momentum, sellers are starting to emerge, signaling a potential reversal.

Part 8 - Bullish and Bearish Reversal Candlestick Pattern

Bullish Reversal Candlestick Patterns

Hammer: Appears at the bottom of a downtrend, indicating potential buying pressure with a small body and long lower shadow.

Inverted Hammer: Found at the bottom of a downtrend, signaling a potential reversal with a small body and long upper shadow.

Morning Star: A three-candle pattern signaling a bullish reversal after a downtrend.

Bearish Reversal Candlestick Patterns

Shooting Star: Occurs at the top of an uptrend, indicating a potential reversal with a small body and long upper shadow.

Hanging Man: Appears at the top of an uptrend, suggesting selling pressure with a small body and long lower shadow.

Evening Star: A three-candle pattern signaling a bearish reversal after an uptrend.

Part 9 - Bearish Engulfing and Marubozu candlestick Pattern

Bearish Engulfing Pattern

The Bearish Engulfing Pattern is a two-candle reversal pattern that appears at the end of an uptrend. The first candle is a small bullish candle, followed by a larger bearish candle that completely engulfs the previous candle’s body. This indicates a shift in momentum from buyers to sellers, suggesting a potential downtrend.

Marubozu Candlestick

A Marubozu is a candlestick with no shadows, indicating strong momentum in one direction. A bearish Marubozu has a long body with an open at the high and a close at the low, signaling strong selling pressure. This pattern is often seen as a continuation signal in a bearish trend.

Part 10 - Draw support and resistance Levels Like PRO

Support Levels are price points where a downtrend can be expected to pause due to increased buying interest. When prices approach these levels, buyers step in, creating a floor.

Resistance Levels are price points where an uptrend may halt due to increased selling pressure. As prices approach these levels, sellers come in, creating a ceiling.

Part 11 - How to Read Charts in Stock Market

Part 12 - Chart Reading Mistakes

Part 13 - Double Top Chart Pattern Psychology

Part 14 - Double Bottom Chart Pattern Psychology

Part 15 - Falling Wedge Chart Pattern

Part 16 - Rising Wedge Chart Pattern

Part 17 - Advance Market Trading Psychology

Part 18 - Stoploss Hunting

Part 19 - Stoploss Hunting at Psychological & Technical Levels

Part 20 - Pro Traders mindset

Part 21 - Emotion Control Tips for Trading

Part 22 - Chart Reading Mistakes

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