PRICE

ACTION
PLAYBOOK
BUY SIGNAL
Hammer (Bullish Pinbar)

Candlestick Type Description & Meaning Stock Trend Formation Area Entry Stop Loss

Generally at the end

Long Lower Wick Down of the retracement
move
Hammer Closing of the bar Low of the bar/
(Bullish Pinbar) Near Support Level

Trend Reversal Range bound At the Support Level

 Bullish Engulfing Bar

Bullish Engulfing

Stop Loss

Candlestick Type Description & Meaning Stock Trend Formation Area Entry Stop Loss
Just above Resistance/
Second body (Green) New Support Level
engulfs entirely the Up
first one (Red) Generally at the end of
the retracement move
Bullish
Closing of the bar Low of the bar
Engulfing Bar

Trend Reversal Down / Range At the GOOD Support

bound Level
Harami (Bullish Inside Bar)

Candlestick Type Description & Meaning Stock Trend Formation Area Entry Stop Loss

Range bound/ Just above

Trend Reversal or near Strong Resistance/ New
Support Support Level After the breakout
Harami (Bullish of the Inside Bar
Low of the Inside
Inside Bar) Pattern (Not just
Bar Pattern
Consolidation & after the
Up Above the Horizontal Level)
continuation of
Resistance Level.
Trend
 Doji

Candlestick Type Description & Meaning Stock Trend Formation Area Entry Stop Loss

Down / Range Just above the

Doji Indecision Strong Support Closing of the bar Support Level
bound
Level
 Morning Star

Candlestick Type Description & Meaning Stock Trend Formation Area Entry Stop Loss

Change in power
Morning Star Down At the bottom of the Just after the Low of the pattern
from Bears to Bulls
trend closing of the
/ Trend Reversal
third candle
SELL SIGNAL
 Shooting Star (Bearish Pinbar)
Shooting Star

Candlestick Type Description & Meaning Stock Trend Formation Area Entry Stop Loss

Generally at the end

Long Upper Wick Up of the retracement
move
Shooting Star
Closing of the bar High of the bar/Near
(Bearish
Resistance Level
Pinbar)
Trend Reversal At the Resistance
Range bound
Level
 Bearish Engulfing Bar
Stop Loss

Bearish Engulfing

Candlestick Type Description & Meaning Stock Trend Formation Area Entry Stop Loss
Just Below Support/
second body(Red) New Resistance Level
engulfs entirely the first Down
Generally at the end of
one (Green)
the retracement move
Bearish Engulfing Closing of the bar High of the bar
Bar
Up / Range At the GOOD
Trend Reversal
bound Resistance Level
 Harami (Bearish Inside Bar)

Bearish Harami

Candlestick Type Description & Meaning Stock Trend Formation Area Entry Stop Loss

Range bound / Just Below Support/

Trend Reversal or near Strong New Resistance
Resistance Level After the breakout
Harami (Bearish of the Inside Bar
Pattern (Not just High of the Inside
Inside Bar)
after the Bar Pattern
Consolidation &
continuation of Below the Support Horizontal Level)
Down Level.
Trend
 Doji

Candlestick Type Description & Meaning Stock Trend Formation Area Entry Stop Loss

Up / Range Just below

Doji Indecision Closing of the bar Resistance Level
bound the Strong
Resitance Level
 Evening Star

Candlestick Type Description & Meaning Stock Trend Formation Area Entry Stop Loss

Evening Star Change in power Up At the top of the Trend Just after the High of the pattern
from Bulls to Bears closing of the
/ Trend Reversal third candle
 Notes

Check the market conditions before entering the trade.

Trade with TREND. Maintain Risk to Reward Ratio Never trade against the market.

Use the right technique that fit the prevailing Market condition.

Combine your price action strategies with the right indicators.

Strictly Avoid Choppy Market.

Avoid over trading.

Major Indicators

Horizontal Levels Pivot Points Trend Lines Volumes Open Interest Moving Averages Vwap

Bollinger bands indicator Fibonacci Retracement Ratios

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