Candlestick Patterns Lecture

Introduction

• Discussion on candlestick patterns formed with two candles
• Discussion on single candlestick patterns in the previous video
• Discussion on patterns formed with three or more candles in the next video
• Suggestion to subscribe to the channel and turn on notifications

Bullish and Bearish Kicker

• Bullish Kicker Pattern
  • A large red candle (Marubozu)
  • The next candle opens with a gap up and goes to a higher price
  • Indicates the start of a bullish trend
• Bearish Kicker Pattern
  • A large green candle
  • The next candle opens with a gap down and goes to a lower price
  • Indicates the start of a bearish trend

Bullish and Bearish Engulfing Pattern

• Bullish Engulfing Pattern
  • First, a red candle is formed, then a green candle that engulfs the red candle
  • The body of the red candle should be within the green candle
• Bearish Engulfing Pattern
  • First, a green candle is formed, then a red candle that engulfs the green candle
  • The body of the green candle should be within the red candle

Bullish and Bearish Pregnant Lady Pattern

• Bullish Pregnant Lady Pattern
  • A large red candle
  • The next green candle opens with a gap up and is within the body of the red candle
  • Indicates the start of a bullish trend
• Bearish Pregnant Lady Pattern
  • A large green candle
  • The next red candle opens with a gap down and is within the body of the green candle
  • Indicates the start of a bearish trend

Piercing Line and Dark Cloud Cover Pattern

• Piercing Line Pattern
  • A large red candle
  • The next green candle opens with a gap down and closes above the halfway point of the first red candle
  • Indicates the start of a bullish trend
• Dark Cloud Cover Pattern
  • A large green candle
  • The next red candle opens with a gap up and closes below the halfway point of the first green candle
  • Indicates the start of a bearish trend

Practice and Important Tips

• Practice patterns on a demo account
• Thoroughly understand and take notes on all patterns before live trading
• Keep practicing consistently because "Practice makes a man perfect"

Conclusion

• Friends, with practice and proper understanding, gain profits in forex, stock exchange, and cryptocurrency
• Promise to meet in the next video, Allah Hafiz!