You are on page 1of 6

Candles

Behold the humble


candle
High

Close

The body represent volume


of buyers for a bullish candle
And Sellers for a bearish
candle

Open

Low

Understanding what price is doing inside a candle is key.


There is a lot of detail within a single candle that we
can easily ignore and forget.
We don't need to know the names of the candles,
How does knowing what a Doji candle benefit you
if you dont actually know why its a doji? Where is the
Logic there?
There is none
The Journey

Creates the High of the candle

Candle closes

Price starts here at the open

Creates the low of the candle


Huge wick!
What does it mean?
This is the first sign of sellers entering the market.
Why and how?
Look at the volume on this bullish candle. Now for a
bullish candle this is not normal volume with a wick
this big. Follow the Journey of price within the candle.
Where is price struggling to go?
Higher right?
Buyers are exhausted here.
So this means Sellers are taking over here.

How is this beneficial to us?

What do we look for?


We look to see where the shift in structure originated
from right. Well this wick is the first indication of that.

Now do you see the logic behind it?

What also does this show then?

Lower time frame Breaks of structure which causes


the shift = Order block within here.
Bullish candle
Huge wick!
What does it mean?
This is the first sign of buyers entering the market.
Why and how?
Look at the volume on this bearish candle. Now for a
bearish candle this is not normal volume with a wick
this big. Follow the Journey of price within the candle.
Where is price struggling to go?
lower right?
sellers are exhausted here.
So this means buyers are taking over here.

How is this beneficial to us?

What do we look for?


We look to see where the shift in structure originated
from right. Well this wick is the first indication of that.

Now do you see the logic behind it?

What also does this show then?

Lower time frame Breaks of structure which causes


the shift = Order block within here.
Bearish candle
Overall,
Understand price in a candle,
When you see big wicks, question WTF is going in that candle??

Test it, look a huge 4 hour or daily wick, then look at the minute structure
within that wick.

Learn to make sense of every detail and utilise this knowledge to the
maximum.

Happy trading

You might also like