
Explore fibonacci levels on daily charts to classify retracements as shallow (0%–38.2%) or deep (38.2%–100%), using A, B, and C to gauge trend strength.
Explore how Fibonacci levels and Japanese candlesticks reveal a 38.2% retracement that signals a continuation trade, confirmed by shallow retracements and weekly–daily trend alignment using Bollinger bands.
Study retracements in an uptrend using the 38.2% level, distinguishing shallow (open below but closes above) from deep retracements, and align trades with the weekly trend and Bollinger middle band.
Identify a 38.2% retracement in an uptrend using the high wave candle and Fibonacci levels, noting points A, B, and C and the shallow retracement signaling strength.
Fibonacci retracement levels won't work all the time, but they work most of the time; use precise entry, stop loss, and position size to manage risk in a downtrend.
Explore how precise fibonacci retracements distinguish shallow from deep retracements using A, B, C points, a close above 38.2%, and weekly chart guided long-term trend rules via triple screen.
Master Fibonacci deep retracements in uptrends and downtrends, using 38.2%, 50%, 61.8%, and 78.6% levels and A-B-C patterns; understand deep retracements imply weak trends and review five chart examples.
Analyze a hammer at the 61.8% retracement on a daily Infosys chart, testing the 61.8% level and closing below 38.2%, signaling a deep retracement that spurred a strong rally.
In a downtrend, a 50% retracement creates a hanging man-like candle at the 50% level on the Nasdaq daily chart, signaling downside. Observe fibonacci retracements and weekly trend before trading.
Combine Japanese candlesticks with the 61.8% Fibonacci retracement to identify the dark cloud cover setup in a weekly downtrend, signaling a continuation trade with defined A, B, and C points.
Learn how a bearish engulfing pattern at the 78.6% retracement signals a down move on a daily Emami chart, illustrating deep retracements and potential profits.
Understand upper shadows are bearish and lower shadows are bullish at 50% Fibonacci retracement; compare deep versus shallow retracements with bearish engulfing and doji after tall candles; profit targets.
Learn to set Fibonacci-based profit targets for shallow retracements using 38.2% and 61.8%, and for deep retracements use 0% as a target with the next level in uptrends and downtrends.
Explore the rising window at the 61.8% level, a deep retracement to point C, and learn T1 and T2 targets, risk-reward, and pattern signals for short-term trades.
Learn to identify the first target level in a daily timeframe using japanese candlesticks, spotting shallow retracements at 38.2% and 61.8%, with t1 and t2 targets and candle-by-candle trade management.
Use Fibonacci levels to spot deep retracements in a downtrend, targeting T1 to T4 at 0%, -38.2%, -61.8%, and -100%. Practice drawing levels and apply stop-loss for risk management.
In this lesson, learn to use candlesticks and fibonacci retracement on an uptrend to set profit targets for a shallow retracement, with 38.2% as the retracement level and T1-T4 targets.
On a daily Tata Steel chart, monitor target levels and candle patterns countering your trade; exit at T1 when bull harami or bullish engulfing signals reversal, not at T2.
Master aggressive trading of shallow retracements by entering on 23% retracements in uptrends or shorting on 23% retracements in downtrends, with T1 and T2 targets and a stop loss.
Explore daily Nifty 50 uptrend setup using a 38.2% retracement to point C, enter long with fibonacci stop losses, target t1–t3, and manage risk with position sizing and rising window.
Identify a bullish engulfing pattern at the 38.2% retracement within an uptrend, set entry at the close, and target three levels (T1–T3) with a stop loss at the pattern low.
The time factor in targets shows how time affects forex trades, emphasizing candle closes for entry, stop losses from bullish engulfing patterns or 38.2% levels, and patience amid consolidation.
Wait for confirmation after a shallow retracement, then go long on the candle close. Use a stop at the 38.2% (or 50%) level and aim for targets T1 and T2.
Identify the trend and classify retracements as deep or shallow using Fibonacci tools. Avoid aggressive trades on deep retracements and use conservative strategies that wait for the full cycle.
Trade shallow retracements conservatively by waiting for breakouts at 23% and 38.2% retracements in uptrends and downtrends. Increase win probability while accepting lower profit, with practical conservative-trading examples.
Study a daily Disney chart waiting for a breakout from shallow retracements. Enter on breakout candles, set stop losses at 23.6% or prior low, and target 1–3 with strong reward-to-risk.
Identify and analyze shallow retracements in a downtrend by checking where price closes relative to the 50% and 38.2% levels, while avoiding deep retracements for now.
Identify a very shallow retracement in oil, enter on breakout candle, use stop below the low or 23.6% fib, and shift to breakeven after first partial profit.
Trade the long bearish candle breakout on a daily chart with shallow retracements, enter at the close, target t1–t3, and use partial profit and move stop to break-even.
On a daily lupin chart, price consolidation follows a strong rally, with a shallow retracement under 23.6, then a breakout entry near the close with stop losses and targets.
Learn the super conservative shallow retracement approach: wait for breakout, retest, and the change of polarity from resistance to support, then place trades with multiple confirmations.
Observe waiting for a test of the breakout level to confirm an uptrend, using a green candle breakout, bull harami signals, and defined stop loss with targets T1 and T2.
Observe the price on Costco's daily chart closing above a key level after a shallow 23.6% retracement and breakout. Retest the 0% level for a strong reward-to-risk long entry.
Learn the bull separating line on a daily Micron chart for an uptrend continuation trade; old resistance becomes new support, with a falling window risk and entry and stop-loss.
Japanese candlesticks reveal precise market clues on a daily downtrend, signaling shallow retracements at the 38.2% level, breakout entries, and tight stops with targets (t1, t2, t3).
Explore a daily Grasim chart illustrating change of polarity at the 38.2% level, where multi-tested support becomes resistance and shallow retracements offer conservative entry points with defined targets.
Explore deep retracements in an uptrend, applying aggressive or conservative entry methods at 50% retracement with targets T1 and T2, and manage risk with candle patterns like a hammer.
On a daily Vedanta chart at the 61.8% retracement, this session teaches waiting for candle close confirmation of an inverted hammer and disciplined stop-loss with T1–T3 concepts.
Analyze a daily ONGC chart with a close below the 61.8% level and a bear harami variation at a deep retracement, detailing entry, stop loss, and targets.
Identify the bearish engulfing pattern at the 61.8% level on a daily Ford chart, enter short at the close, and use Fibonacci levels as a conservative stop loss.
Master reward to risk ratio in Japanese candlestick trading by analyzing a downtrend, bearish engulfing pattern, a 61.8% level entry, a stop above the level, and targets at -38.2%.
Explore deep retracements with Fibonacci levels, spotting 61.8% retracements and bullish patterns for entry, risk control, and preparing for safer trades using moving averages.
Learn to combine fibonacci retracement with a moving average, using a 20-day SMA and its role as trailing stop, to identify doji candles in uptrends for entry and targets.
The chart shows a downtrend; price fails to close above the 20-day simple moving average with bearish engulfing pattern and 61.8% retracement, signaling entry at pattern high, stop at high.
Drills a two-candle shooting star like pattern on the daily S&P 500. It tests the 50% retracement and fails to close above the simple moving average, signaling a short entry.
Identify an uptrend in Berkshire Hathaway B with a deep retracement below 38.2% level and rising sma. wait for the falling window break to enter with t1 and t2 targets.
Identify deep retracements using the SMA and confirm with candle patterns, then apply fib banashi levels to improve reward-to-risk and trade resilience.
Master trading deep retracements by waiting for ten-day and twenty-day moving average crossovers, spotting golden and dead crosses, and using Fibonacci levels for strategic stop losses.
On a daily chart, confirm the crossover before entering a long after a deep retracement; place stops at lows and target t1 and t2 with the 10-day above the 20-day.
Analyze Cipla chart to spot A, B, and C, wait for a crossover or golden cross for a long entry with stop loss, and monitor T2 and T3 after retracement.
On a daily uptrend, time entries with the Golden Cross after a deep retracement, avoid longs on red candles, and use partial positions (25%) to capture gains.
Explore crossovers in a fibonacci-based candlestick approach on a Morgan Stanley chart, highlighting 50% retracement, extensions, expansions not covered, the entry candle, and a disciplined stop loss for deep retracements.
Discover Frank Miller's concise book on Fibonacci trading, with retracements and chart examples to strengthen your level 17 skills.
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, we will look at an extremely important and a very valuable trading tool called as the Fibonacci.
I will not go into the theory or the mathematics behind the Fibonacci Levels.
We will directly go to its practical application on the charts.
In this course, you will learn how to combine your candlesticks knowledge with Fibonacci Levels.
These levels are important because they give us precise entry, exit, and stop loss points on the chart.
I touched upon Fibonacci in Level 4. That was very brief.
But this course is going to be a deep dive into the Fibonacci.
Fibonacci sounds very mathematical and complicated, but it’s not.
I will make it easy for you to apply on the charts.
Following are the sections and the sub-topics in this course:
Shallow Retracements
Fibonacci & Shallow Retracements
Retracement at the 38.2% Level
Retracement in an Uptrend
The High Wave Candle at the 38.2% Level
A Retracement That Didn’t Work
This is Not a Shallow Retracement
Deep Retracements
Fibonacci & Deep Retracements
The Hammer at the 61.8% Level
The Hanging Man at the 50% Level
The Dark Cloud Cover at the 61.8% Level
The Bearish Engulfing Pattern at the 78.6% Level
The Upper Shadows at the 50% Level
Profit Targets with Fibonacci
Fibonacci Based Profit Targets
The Rising Window at the 61.8% Level
The First Target Level
Profit Target for a Deep Retracement
Profit Target for a Shallow Retracement
Watch the Target Levels
Trading the Shallow Retracements Aggressively
Trading the Shallow Retracements Aggressively
The Risky Trade
The Bullish Engulfing Pattern at the 38.2% Level
The Time Factor in Targets
Waiting for a Confirmation
Trade Not Allowed Since It’s a Deep Retracement
Trading the Shallow Retracements Conservatively
Trading the Shallow Retracements Conservatively
Waiting for a Breakout
Deep Retracement Trade Not Allowed
Very Shallow Retracement
The Long Bearish Candle Breakout
Price Consolidation
Trading the Shallow Retracements Super Conservatively
Trading the Shallow Retracements Super Conservatively
Wait for a Test of the Breakout Level
Price Closes Above a Key Level
The Bull Separating Line
The Precision of Japanese Candlesticks
Change of Polarity at the 38.2% Level
Deep Retracements Trading
Understanding Deep Retracements Trading
Trading at the 61.8% Level
Trading the Close Below the 61.8% Level
The Bearish Engulfing Pattern at the 61.8% Level
Reward to Risk Ratio
Watch the Fibonacci Levels Carefully
Fibonacci & Moving Averages
The Doji Candle
Failure to Close Above SMA
The Shooting Star Like Candle
Waiting for Confirmation
The Resilience of the SMA
Fibonacci & Crossovers
Wait for the Crossover
The Confirmation from the Crossover
Watch the Prices Closely
The Importance of Timing
The Power of the Crossovers
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.