Heikinashi Candlestick- Stock Price Action Trading Strategy

Compare Heikinashi with Japanese candlesticks, showing how Heikinashi filters noise and colors candles by trend, while Japanese candlesticks rely on few key patterns like S-76.

This lecture explains the heikin-ashi formula: open equals the midpoint of the prior candlestick, close equals the average of open, high, low, and close.

Discover how to access TradingView, sign up, and compare free versus pro plus and premium accounts, emphasizing starting with a free plan in the initial stages and saving before upgrading.

Explore Heikinashi chart patterns and how they differ from Japanese candlestick patterns, focusing on entries, formations, and the introduction to plotting lines and tools.

Plot levels and lines on Heikinashi candlesticks to identify strong resistance and support, using backtesting, touches, and chart patterns like a symmetric triangle and parallel channel for actionable trading insights.

Explore essential chart patterns for price action trading, including head and shoulders, inverted head and shoulders, rising wedge, falling wedge, descending triangle, ascending triangle, and the rectangular box.

Apply the zonal level strategy by identifying chart patterns, plotting nearby strong support and resistance, and entering trades only when support or resistance breaks, not on pattern breakouts.

Identify consolidation phases, plot the high and low of the range, and enter on a breakout with candlestick patterns to target 1:1 to 1:3 risk-reward.

Explore the reversal breakout strategy based on demand and supply zones using Heikinashi candlesticks, identifying trend reversals and preparing for breakout trades.

Identify strong support and resistance zones in the Heikinashi price action framework; trigger reversals or breakouts when a dodgy candlestick forms at these zones.

Learn risk management by placing stop losses using strong support and resistance, ATR-based volatility, and pivot point levels, while aiming for a 1:1 risk-reward ratio and adjusted trailing stops.

Learn three target methods in Heikinashi price action trading: hold until a reversal candlestick, square off at strong support-resistance closes, and set pivot-point targets at S3 to S5.