1.What is a candlestick?

The candlesticks are the reflections of what buyers and sellers are doing. To The Low:
what extent do they move the price and the strength behind the move? The low is the lowest point the stock traded during the session. The low is the
CANDLES TELL YOU who is in control but do not tell you about the strength of furthest point the bears were able to force down the stock before buyers regained
buyer or sellers behind the move, candle with volume shows that control to push the stock up. The low represents an area where enough demand
existed to prevent the price from moving lower. The exception is when the security
closes on the low. When the stock closes at the low, it did not encounter buying
support. Rather, the bulls were saved by the closing bell of the session.
The Close:
Close price tells us where the balance point was at the end of the period. The close is
the last price agreed upon between buyers and sellers ending the trading session. The
close is the market’s final evaluation. A lot can happen between one close to the next
close. The close represents investors’ sentiments and convictions of investors at the
end of the day. It is the position investors desire to hold after-hours when investors
are unable to trade with liquidity until the next session opens. The closing price is the
first (and oftentimes, the only) price the majority of investors desire to know.

The Change:
The change is the difference between close to close. The difference in the closing value
one day versus the closing value the next day. When this difference is positive, it tells us
Open price: that demand is outweighing supply. When this difference is negative, it tells us that
tells us where the balance between buyers and sellers at the opening of that period, the supply is increasing beyond demand. The change is perhaps the most sought-after piece
opening value is the first trade of the day. After the traders have time to review the markets of financial data on the planet.
overnight, the open represents the desired position of investors to begin the day. The
change from the previous close to the open is a reflection of new sentiments.
The Range:
The High: The range is the spread of values within which the stock is traded throughout the day.
The high is the highest point the stock traded during the session. The high is the furthest The range spans between the bar’s highest point and the same bar’s lowest point. It is
point the bulls were able to push the stock higher before sellers regained control to push measured from the top of the bar, where resistance is set into low, where support came
the stock back down. The high represents a stronghold for sellers and a resistance area to in. The size of the range gives us important information about how easily demand can
buyers. There is one exception when the stock closes on the high, it did not encounter any move the s took up or supply forces the price down. The wider the range, typically, the
real resistance from the sellers. The buyers just ran out of time. easier it is for the forces of supply and demand to move the stock price.
 2.Six bullish candlestick patterns
Bullish patterns may form after a market downtrend, and signal a reversal of price movement. They are an
indicator for traders to consider opening a long position to profit from any upward trajectory.
1.Hammer
 2.Inverse hammer

An inverted hammer tells traders that buyers are putting pressure on the market. It warns that there could be a price
reversal following a bearish trend. It’s important to remember that the inverted hammer candlestick shouldn’t be
viewed in isolation – always confirm any possible signals with additional formations
 3.Bullish engulfing

A bullish engulfing pattern technically requires the second candle to open lower and
reverse high enough to fully engulf the first candle.
4.Piercing line
 5.Morning star

The Morning Star pattern is a three-candle, bullish reversal candlestick pattern that appears
at the bottom of a downtrend. It reveals a slowing down of downward momentum before a
large bullish move lays the foundation for a new uptrend.
 6.Three white soldiers

As three white soldiers is a bullish visual pattern, it is used as an entry or exit point.
Traders who are short on the security look to exit and traders who are waiting to take
up a bullish position see the three white soldiers as an entry opportunity.
 3.Six bearish candlestick patterns
Bearish candlestick patterns usually form after an uptrend, and signal a point of resistance. Heavy pessimism about the market price often
causes traders to close their long positions, and open a short position to take advantage of the falling price.

1.Hanging man

The hanging man pattern is a single-candle formation found at the top of an

uptrend/resistance.

This pattern is popular amongst traders as it is considered a reliable tool for

predicting changes in the trend direction.

A hanging man is considered a bearish candlestick pattern that issues a

warning that the market may reverse soon as the bulls appear to be losing
momentum.

The reversal may not start as soon as the hanging man is formed. Instead, it
generates a message that the current momentum may be in its closing stages
as the price action prepares for a potential change in the trend direction.
2.Shooting star
3.Bearish engulfing
4.Evening star
5.Three black crows
6.Dark cloud cover
 *ODD ENHANCER
Step to find a trading opportunity for reversal;
 Momentum loss when approaching resistance /support
 Clear Rejection from resistance in the form of the pin bar
multiple rejections
 Price unable to close above the resistance
 CANDLE COLOR CHANGE
 REVERSAL MOMENTUM CANDLE FROM KEY LEVEL

END…