Phase 3: Price Action and Multi-timeframe analysis: the language of the market!

Identifying candlesticks: what does it mean?

How to use it?

Where to find it?

It’s uses on higher timeframes / multi-timeframe analysis

Story line of price

Finding re-entries

Order flow and POI’s

Phase 3: Candlestick and Price Action - scaling Daily - 4 hour

Visual perception of order flow

Understand the relationship between body, wick, size and shape

Multiple timeframes

Price knows no time

Higher timeframes will give us a higher probable directional bias

BULLISH and BEARISH Engulfing - scaling Daily - 4 hour - 1 hour

Buy Lower

Sell higher

Daily

4 hour

1 hour

Back to Daily

Back to 1 hour

Shooting Star - scaling  W/D - 4hr / 2hr - 1 hr 

Weekly

Daily

4 hour

Back to Daily

Back to weekly

Back to daily scaling to confirm the area

Back to 1 hour

Daily

Weekly

4 hour

HAMMER / Pin Bar - scaling W/D - 4hour/2hour/1hour

Weekly

Daily

4 hour

1 hour