Tagline of LMBO

1, 2, 3 Go

1 2 3

Support Line

GO

Resistance Line

1 2 3

"This is not investment advice"

In deep respect and true love I would like to dedicate this work to my
Mentor Sir Benjamin Taylor & ABT Group, Forever and always, myself.

Ishaque

"This is not investment advice"

Development/Formations of Pattern:
This Pattern consist on three candlestick. 1st Candle wick/Tail acting as Support & Resistance 2nd & 3rd
candle real bodies must close under the 1st candle wick/Tail then take position as per Bullish or Bearish
Setup.

How to take positions in different market conditions.

Trending:
In the trending (strong trend) market only take positions in the direction of trend.

Ranging:
Take positions of both setups.

Choppy:
Don’t take any position.

"This is not investment advice"

Psychology of Pattern:
Bullish:
Candlestick “1” Can be the following type of candlestick shape.
There are millions shapes of candlestick. It may be differ from the given bellow examples.
It’s just for understanding the concept.
Resistance Level

Candlestick “2” after Candlestick “1” Candlestick “3” after Candlestick “2”

3
2 2 C
C C a
1 a 1 a n
C n C n dl
“2” Candle
dl body must Close under the 1 candle wick. a dl e
a
n e must close under the “1” candle wick. n e st
“3” Candle
dl st dl st ic
e ic e ic k
st k st k “
ic “ ic “ B
k B k B ”
“ ” “ ” a
B a B a ft
” ft ” ft e
a e a e r
ft r ft r C
e C e C a
r a r a n
C n C n dl

"This is not investment

n eadvice"
a dl a dl e
n e st
dl st dl st ic
e ic e ic k
st k st k “
Trade Examples

"This is not investment advice"

"This is not investment advice"
Psychology of Pattern:
Bearish:
Candlestick “1” Can be the following type of candlestick shape.
There are millions shapes of candlestick. It may be differ from the given bellow examples.
It’s just for understanding the concept.

Candlestick “2” after Candlestick “1” Candlestick “3” after Candlestick “2”

1 1
C C
a 2 2
a
n C n C 3
dl a dl a C
e n e n a
st dl st dl n
ic e body must Close under the “1” candle wick/Tail. ic e dl
“2” Candle
k st k st e
“3” Candle must close under the “1” candle wick/Tail.
“ ic “ ic st
B k B k ic
” “ ” “ k
a B a B “
ft ” ft ” B
e a e a ”
r ft r ft a
C e C e ft
a r a r e
n C n C r
dl a dl a C
e n e n a
st dl st dl n
ic e ic e dl
k st k st e
“ ic “ ic st
A k "This is not investment A kadvice"
ic
” “ ” “ k
A A “
” ” A
Trade Examples:

"This is not investment advice"

"This is not investment advice"
"This is not investment advice"
If you have any queries about strategy or question about Price Action Analysis feel
free to contact me.
https://t.me/ishaque1988

"This is not investment advice"