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Level 16 - Japanese Candlesticks Trading Mastery Program
Rating: 4.9 out of 5(19 ratings)
262 students

Level 16 - Japanese Candlesticks Trading Mastery Program

Candlesticks & Continuation Patterns
Last updated 9/2024
English

What you'll learn

  • The Rising Three Pattern
  • The Falling Three Pattern
  • The Bull Separating Line Pattern
  • The Bear Separating Line Pattern
  • The Triangle Pattern
  • The Ascending Triangle Pattern
  • The Descending Triangle Pattern

Course content

9 sections58 lectures3h 5m total length
  • The Rising Three Pattern5:44

    Master rising three pattern, a continuation after uptrend, with a long white body, small within-range bodies, and a candle that opens above the prior close and closes above first candle.

  • The Shaven Head Shaven Bottom Candle6:46

    Analyze the shaven head shaven bottom candle and a rising three pattern on daily silver charts, distinguishing ideal versus variation, entry and risk management, and reward-to-risk considerations.

  • The Variation of a Rising Three Pattern5:32

    Explore a variation of the rising three pattern on a daily chart, with entry at the pattern low and a stop loss, highlighting risk reward in continuation trades.

  • Watch out for the Reward to Risk Ratio3:27
  • The Breakout of a Multi-Tested Resistance5:40
  • The Drawback of the Rising Three Pattern1:51

    Analyze Lux Industries' daily chart to examine the drawback of the rising three pattern, observe two or more small real bodies, a long entry-to-stop distance, and no clear targets.

  • This is Not a Valid Rising Three Pattern3:04

    Define a rising three pattern by a long green real body, small bodies, and final candle that opens above the prior close and closes above the first candle; avoid violations.

  • The Decent Reward to Risk Trade3:04

Requirements

  • You must have the Willingness to Learn & Study
  • You must have an Open Mind to New Concepts
  • You must be Willing to Question Your Existing Beliefs About the Markets & Candle Patterns
  • You must preferably do Level 1 to 15 of my Japanese Candlesticks Trading Mastery Program

Description

All the Levels of The Japanese Candlesticks Trading Mastery Program are designed to help you : 

  • Learn How to Trade Stocks, Forex & Commodities Using Candlesticks & Technical Analysis to Become a Professional Trader

In this course, my goal is to take you to the next level of continuation trading.

Usually, when it comes to continuations, what comes to mind is windows.

However, there are patterns (which do not contain windows), which can be classified as continuations.

And we are going to take a deep dive into those specific patterns.

Please understand that:

There are 2 types of trades:

1) Reversals

2) Continuations

Continuations are less riskier.

Continuations provide a relatively lower reward to risk ratio, when compared to reversals.

Yet, the odds of the trade going in your favor is high for continuations, relative to reversals.

As a professional candlestick trader, we must learn to use both types of trades.

So here are the patterns I have covered in this course:

  • The Rising Three Pattern

  • The Falling Three Pattern

  • The Bull Separating Line

  • The Bear Separating Line

  • The Triangle

  • The Ascending Triangle

  • The Descending Triangle 

Following are the sections and the sub-topics in this course: 

The Rising Three Pattern

  • The Rising Three Pattern

  • The Shaven Head Shaven Bottom Candle 

  • The Variation of a Rising Three Pattern

  • Watch out for the Reward to Risk Ratio

  • The Breakout of a Multi-Tested Resistance

  • The Drawback of the Rising Three Pattern

  • This is Not a Valid Rising Three Pattern

  • The Decent Reward to Risk Trade

The Falling Three Pattern

  • The Falling Three Pattern

  • The Multiple Small Real Bodies

  • The Variation of a Falling Three Pattern

  • The Ideal Three Small Real Bodies

  • The Power of a Falling Three Pattern 

  • The Two Doji Candles 

  • This is Not a Falling Three Pattern

  • Watch out for Support Area

The Bull Separating Line

  • The Bull Separating Line

  • This is Not an Ideal Bull Separating Line

  • The Variation of a Bull Separating Line

  • The Signal at the Bottom

  • The Poor Reward to Risk Ratio

  • The Bull Separating Line Breaking a Window 

  • The Powerful Pattern

  • The Bulls Taking Control 

The Bear Separating Line

  • The Bear Separating Line

  • The Ideal Bear Separating Line 

  • The Bear Separating Line Breaking a Window 

  • This is Not a Bear Separating Line

  • The Signal at the Top

  • The Bearish Momentum 

  • The Freefall 

  • The First Small Real Body Candle

The Triangle

  • The Triangle

  • The Decisive Breakout

  • The Ideal Breakout Timing 

  • The Narrow Triangle

  • The Wider Triangle 

  • The Tiny Breakout Candle 

  • The Late Breakout   

The Ascending Triangle

  • The Ascending Triangle

  • The Breakout from an Ascending Triangle

  • A Very Narrow Ascending Triangle

  • The Rising Bullish Momentum 

  • Trading the Long White Real Body 

  • The Window Inside the Ascending Triangle 

  • The Super Narrow Triangle 

  • The Ascending Triangle at the Bottom

  • The Early Stage Breakout 

The Descending Triangle

  • The Descending Triangle

  • The Strong Downside Breakout

  • The Aggressive Break of the Descending Triangle

  • The Narrow Descending Triangle 

  • The Tall Candle Breaking Crucial Support Areas 

  • The Window and the Descending Triangle 

  • The Late Breakout

  • The Power of a Descending Triangle 

Following is the universe of markets from which the charts for this course were chosen:

  • American Stocks

  • Japanese Stocks

  • Chinese Stocks

  • European Stocks

  • Indian Stocks

  • Global Indices

Learn concepts that apply to any type of trading. If you know how to read one chart, you can read them all. This course through its various levels will help you understand this unique and most primitive technique of trading. The Japanese Candlesticks Trading Mastery Program can be applied in any or all of the following areas of work :

  • Forex Trading / FX Trading / Currency Trading

  • Stock Trading

  • Commodity Trading

  • Options Trading

  • Futures Trading

  • Intraday Trading / Day Trading

  • Positional Trading 

  • Swing Trading

  • Technical Analysis of Stocks, Commodities & Currencies

  • Price Action Trading

  • Chart Pattern Analysis

  • Cryptocurrency Trading

Standard Disclaimer: I am a SEBI-Registered Research Analyst (Registration No. INH000022279) under the SEBI (Research Analysts) Regulations, 2014. All content shared by me is strictly for educational purposes only and should not be considered as investment advice, buy/sell recommendations, or trading tips. I do not provide personalized investment advisory services, I do not write research reports, and I do not operate any chat groups on platforms such as Telegram, WhatsApp, or any other similar services. I do have a presence on YouTube, but apart from that I do not have any social media accounts. Any securities or instruments discussed are purely for analysis and illustration and should not be construed as solicitation or advice. Investing and trading involve significant risk, and past performance is not indicative of future results. Please conduct your own due diligence or consult a qualified advisor before making any financial decisions. I may or may not hold positions in the securities discussed at the time of creating the content, and such positions are subject to change without notice. I do not receive any compensation from third parties, including MarketSmith or Steve Nison. I have completed the basic and advanced candlestick modules on Steve Nison’s platform purely as a student, and I am not affiliated with him or his website in any way.

Who this course is for:

  • Salaried Professionals
  • Doctors
  • Lawyers
  • Entrepreneurs
  • Retirees
  • Students
  • Home Makers