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LIMITED EDITION
A Set of 72 Card Lessons Curated by
Technical Analysts Which Includes:
Candle-Stick Patterns | Indicators &
Oscillators Elliot Wave Theory | Price Actions
Analysis
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When to ADD a trade
When to take PROFITS
Adjust STOP LOSS Correctly
Bullish Flag Pattern
A Bullish Flag Pattern is a continuation pattern that
forms after a sharp price growth as a correcting
movement.
After a breakout of the resistance line, the trend
continues to grow.
Bullish and Bearish versions have similar structures
but differ in directions and volumes. So we
recommend pairing it with volume indicators.
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Inverse Head & Shoulders
Inverse Head and Shoulders is a bullish form of the
Head and Shoulders pattern. The pattern belongs to
the trend reversal group.
It consists of a peak (Shoulder 1), followed by a
higher peak (head), and another lower peak
(Shoulder 2).
The target zone will be the distance between the
neckline and the peak of the head.
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Double Top pattern
Double Top is a reversal pattern usually formed
after an extended uptrend. It has two peaks called
the First and Second Top.
The First Top is formed when the price bumps into a
strong resistance level that can not be overcome.
Than the price retreats to the support level and
returns for the second time, creating a second top.
After that, the price may drop sharply to break a
neckline level and continue moving downward.
The target zone will be the distance between the
tops and the neckline.
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Advance Block (Bearish)
Collapsing Doji Star
Collapsing Doji Star usually Appears during an uptrend;
There is a gap between the first and third candles.
It can give a signal of reversal of the current trend.
Advance Block is a bearish reversal pattern of 3 candlles;
Each candle appears to have progressively shorter real
bodies;
The Opening of the second and third candles lies within
the body of the previous one.
Japanese Candles Forming
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How this indicator works
Bollinger bands help determine whether prices are
high or low on a relative basis.
If the price approaches the upper border of the
channel, a Downward movement is possible;
When the price is at the lower edge of the
channel, an Upward movement is expected;
If the channel is narrowing, a breakout is
expected, and a new trend begins.
Bollinger Bands
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Trends Types
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Cup-with-Handle Pattern
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Triple Bottom
The Triple Bottom is a bullish pattern characterized
by three equal lows followed by a breakout above
the resistance line.
The pattern shows that the buyers (bulls) take
control of the price action from the sellers (bears). It
forms as three roughly equal lows bouncing off the
support level, followed by a breakout of the
resistance level.
The triple bottom may indicate an opportunity to
enter into a bullish trend.
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Triple Top
The Triple Top is a reversal pattern.
It appears in an uptrend when the price faces a
strong resistance level.
When the price falls below the support level after the
third maximum, the triple top pattern is
Considered complete, and traders expect a further
downward movement.
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Falling Wedge
A Falling Wedge Pattern is a reversal pattern (in a
downward trend) or a trend continuation one (in an
uptrend).
Characterized by a price contracting range coupled
with a downward trend and diminishing volume. The
market makes lower lows and lower highs with a
contracting range. Support and resistance lines are
both slants down from left to right. Trading activity
slows down.
When the breakdown point comes, the trading
activity resumes, and volume start growing again.
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Candles Mood
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Money Flow Index
How this indicator works
The Money Flow Index (MFI) is a technical
indicator
that generates overbought or oversold signals
using both prices and volume data.
An MFI reading above 80 is considered overbought
(sell signal), and an MFI reading below 20 is
considered oversold (buy signal).
If the indicator is rising while the price is falling or
flat, it signals the price could start rising.
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Ascending and Descending
Triangles
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Head and Shoulders
in detail
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Cypher Patterns
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Diamond Top
The Diamond Top (bearish) and Bottom (bullish) are
reversal patterns.
The pattern consists of two channels. The first one is
a broadening pattern where the price range
increases in height, and the second one is a triangle
where the price range shrinks.
The target point is a distance between the highest
and lowest point in the diamond formation added to
the break-out point.
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Moving Average Crossover
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Pennant Pattern
Pennant pattern refers to the continuation patterns.
It forms when there is a sharp price growth in the
market (flag pole). Then the price slows down,
moving into a consolidation phase with converging
trend lines (pennant).
The breakout movement would be in the same
direction as before the consolidation.
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Candles mood
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Gartley Patterns
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Head and Shoulders Stop Loss
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Ascending Triangle is a trend continuation pattern.
Formed by the strictly horizontal top resistance line
and the bottom support line that ascends.
After the price breaks out the resistance line, the
pattern is considered complete.
It’s expected that the price will continue the upward
trend.
Ascending Triangle
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Japanese Candles Forming
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Trading by the levels
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Reversal Patterns
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A Rising Wedge Pattern is a reversal pattern ( in an
uptrend) or a trend continuation one (in a
downtrend).
Characterized by higher highs and higher lows with
a contracting range. The resistance and support
lines slant up from left to right, but the lower line
rises at a steeper angle then the upper one.
The volume keeps declining with each new price
advance or waves up, indicating that the demand is
weakening at the higher price level. After the
breakout of the lower boundary line, the price
usually declines.
Rising Wedge
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Wolfe Wave
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Japanese Candles Forming
Descending Hawk (Bearish) and Homing Pigeon
(Bullish) is a reversal of two candlesticks patterns.
For both patterns, the Ist candle is always long,
formed in the current trend’s direction. The second
one is completely engulfed in the body of the first
one. Sizes of the Shadows are not important
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Has a tiny body;
Opening & Closing
are the same;
Long upper
shadow;
The Gravestone Doji candle is similar to flipped “T”
figure. Mainly it indicates market uncertainty.
The colour doesn’t matter.
It form when the price opens and closes at the
same mark and shows the weakness of the
buyers.
Usually, Gravestone Doji appears near the highs in
an uptrend and indicates its reversal.
When it appears in a downtrend, it may suggest
its continuation or a move to a side trend.
Gravestone Doji
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Dragonfly Doji
Has a tiny body;
Opening & Closing
are the same;
Long lower shadow;
Dragonfly Doji is the type of a doji candle. It has
identical opening, closing and maximum prices.
The color of the candle means nothing.
An appearance of this candle on the market after
a long downtrend may signal a reversal,
especially when the lower shadow is very long.
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Four - Price Doji
Has a tiny body;
The color doesn't
matter;
Has no shadows;
The same price
level.
Four-price Doji is a very small candle. It has almost
no body and no shadows. The open, close, high,
and low prices are all the same.
Usually, it appears when the market slows down
before a strong shot, or it may show only one
transaction.
It is difficult to predict the direction of the price
because the candle’s forming prices are almost on
the same level. You should take a look at the
market context to make a decision.
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High Wave candle
Has a short body;
The color doesn’t matter;
Has at least one shadow;
The shadow is at least 3
times larger than the body.
High Wave candles are similar to spinning top ones
with one or two very long shadows. May indicate a
reversal or continuation of a trend. The shadow’s
length might differ slightly from each other.
Several high wave candles, one after another,
indicate high volatility and indecision of the market.
An appearance of a high wave candle can give a
signal of future consolidation of the price or a
reversal movement. You Should count the market
context.
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Japanese candles Forming
Dark Cloud Cover and Piercing are two – candle
patterns. Both candles have large bodies. There is a
gap between the first and second candles.
Both patterns signal a possible trend reversal.
Dark Cloud Cover pattern can appear during an
uptrend. A piercing pattern can form during a
downtrend.
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Opening Black & White
Marubozu
Has a long black body;
No upper shadow;
Lower shadow smaller
than the body;
Has a long White body;
No lower shadow;
Upper shadow smaller
than the body;
Opening Black Marubozu is a bearish candle. The
appearance of this candle may indicate a
continuation or reversal movement. The shorter
shadow it has, the more chance is to continue the
downward movement. To analyze this pattern, you
should look at the neighbor candles.
Opening White Marubozu has the same
characteristics but in the opposite direction.
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Japanese candles Forming
Downtrend continuation;
Candles have large bodies and small or no
shadows;
There are price gaps between candles.
Downtrend signal;
Second candle has a long body that fully
contains the first candle;
The last bar is closed a bit lower than the
previous one.
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Closing Black & White Marubozu
Has a long black body;
No lower shadow;
Upper Shadow smaller
than the body;
Has a long White body;
No upper shadow;
Lower Shadow smaller
than the body;
Closing Black Marubozu is a bearish candle where
the close price and the low price are at the same
level. When such a candle appears in the downtrend,
along with other bearish candles, it confirms the
power of the downtrend. The occurrence of this
candle in an uptrend can signal a trend reversal.
Closing white Marubozu has the same
characteristics but applies during the opposite
market movement.
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Long – Legged Doji
Has a tiny body;
The body is in the middle
of the candle;
Opening & closing are the
same;
Has very long shadows;
The long – legged doji looks like a Doji Star but has
long shadows. The shadows have the same
opening and closing prices, so the body is in the
middle of the candle.
Long – legged Doji indicates market uncertainty, so
it’s not a significant pattern. The pattern can mark
an end of a trend, a start of a flat movement or just
a little splash in the current trend.
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Japanese Candles Forming
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Engulfing Candle
This kind of candles provide potential reversal signals
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Double Bottom
This is one the trend reversal patterns.
It form during the downtrend by a double price drop
to the same level.
The twice-touched low is considered a support level;
the high is a resistance one.
After that, the price usually grows, breaks the top
resistance level, and continues growing.
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Cup with Handle
The Cup with Handle is a bullish continuation
pattern that marks a consolidation period
followed by a breakout.
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Broadening Triangle
Broadening Triangle can be formed when the price
creates new maximum and new minimum levels
due to fast volatility.
Despite that, it is a quite seldom pattern.
The pattern has two broadening borders between
which the price moves. They are clearly visible when
connecting the highs and lows with lines.
The direction of the breakout is difficult to predict
because of the diverging nature of the pattern, so
the false breakouts take place. Keep an on eye the
volume levels and use technical indicators like the
RSI to conduct analysis.
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Bearish shark
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Ideal Impulse Wave
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Entry by Trend Lines
Entry strategy by Trend lines
Entry strategy by Trend Lines are fundamental tools
used by technical analysts to identify support and
resistance levels to build the trend channels.
The price shows a clear higher high and higher low
movement, indicating a strong uptrend.
You can set up trend lines by hand or use automatic
trend line indicators to visualize the trend channels.
This helps you to buy at support and take profit at
resistance levels. In case the price break the
support or resistance level, you should be aware of a
potential trend breakout or reversal
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Rising Volume Entry
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When the big volume
spike will appear
Uptrend
Resistance
Correction (volume slows down)
Flat
Elliott Correctional Waves
1. A-B-C Flat correction look like 3-3-5 pattern
2. Wave B ends near the start of wave A
3. Wave C ends near the end of Wave A
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A
B
C
A
B
C
A
B
C
Triangle
Elliott Correctional Waves
Triangle correction include A-B-C-D-E pattern
Each wave of Triangle consists of three waves
structure
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a
b
c
d
e
b
a
d
c
e
a
b
c
d
e
Descending Triangle
Elliott Correctional Waves
1. Descending triangle includes five waves structure: A-B-C-D-E
2. Each of the waves consists of three sub-waves (3-3-3-3-3)
3. Maximums of the waves generally follow a Downtrend
4. The waves minimums have a horizontal support line
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a
b
c
d
e
a
b
c
d
e
e
d
c
b
a
Triple three
Elliott Correctional Waves
Triple Three includes five waves: W-X-Y-X-Z
1.
Waves W,X,Y could be any of the correction patterns
(except triangles)
2.
Waves Z usually may take the form of the triangle
correction pattern
3.
Usually formed horizontally but sometimes a little against
the main trend
4.
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X
X
W
Y
Z
X
W
X
Y
Z
X
X
Y
W
Z
Irregular
Elliott Correctional Waves
1. Irregular correction include A-B-C pattern (3-3-5)
2. Wave B makes a new high
3. Wave C usually ends below wave A or on the
same level
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A
B
C
A
B
C
A
B
C
Ascending Triangle
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Ascending Support
Resistance
Breakout
h
h
Upward Trend
Zig Zag
Elliott Correctional Waves
A-B-C Zigzag waves look like 5-3-5 pattern
1.
Zigzag wave B cannot be more than 100% of
wave A (usually 38-78% of wave A)
2.
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A
B
C
A
B
C
A
B
C
Double Three
Elliott Correctional Waves
Double Three includes three waves W-X-Y
1.
Wave W could be any correction pattern ( except triangles)
2.
Waves X and Y could take the form of any correction pattern
3.
Usually formed horizontally but sometimes a little against the
main trend.
4.
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X
W
Y
X
W
Y
X
W
Y
Rectangle Pattern
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Stop loss
Breakout
Target
ABCD Pattern
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Stop Loss
A
c
61.8
B
D
Elliott Waves.
Waves Characteristics
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100% of wave 1 or
161.8% of wave 4
50%, 61.8% of
wave A
161.8%, 100%,
61.8% or 50% of
wave 5
38.2%, 50%,
61.8% of wave 3
100%, 161.8% of
wave A, or 161.8%
of wave B
161.8%, 261.8%
of wave 1
50% or 61.8% of
wave 1
1
2
4
3
5
B
A
C
Contracting Triangle
Elliott Correctional Waves
Contracting Triangle always subdivides into five waves;
1.
Among waves A, B, C, D, and E, at least 4 subdivide into
Zigzags (3-3-3-3-3);
2.
The distance traveled by each subsequent wave
reduces in length.
3.
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a
b
d
c
e
a
b
d
c
e
a
b
e
c
d
Truncated Wave 5
Elliott Waves
A Truncated Wave 5 occurs when it fails to
overcome a resistance level of the Wave 3.
1.
This is a sign of the main trend weakening.
2.
A truncated Wave 5 is often followed by a swift and
sharp reversal.
3.
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1
2
3
4
5
1
2
3
4
5
1
2
3
4
5
Price Manipulation
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Manipulation
Accumulation
Uptrend
Trend Stages. Reversal
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Consolidation
Reversal
Retracement Entry
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50% Retracement entry
Stop Loss
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when the indicators
crosses above Oversold
when the line crosses
below Overbought
Stochastic RSI Crossover
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Expanded Flat
Elliott Correctional Waves
1. Expanded flat correction consists of three waves, A-B-C;
2. Waves A and B consist of three sub waves a-b-c;
3. Waves C includes five sub-waves 1-2-3-4-5;
4. Wave B retraces more than 100% of wave A;
5. Wave C retraces more than 100% of wave B;
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A
B
C
A
B
B
A
C
C
Fibonacci Retracement
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Higher Low
Higher Low
Higher High
(129.54)
100.00%
61.80%
(134.73)
(137.94)
(143.13)
38.20%
0.00%
Price retraces to the 50% level
before the trend continues
Expanding Triangle
Elliott Correctional Waves
Expanding triangle always includes five waves;
1.
Each wave consists of Zigzags (3-3-3-3-3) but
sometimes the wave E takes another form;
2.
The distance traveled by each subsequent wave
increases in length.
3.
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a
c
e
d
b
a
b
d
e
c
a
c
e
b
d
MACD Crossover
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MACD crosses
above signal
line
MACD crosses
below signal
line
Price Manipulation
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Accumulation
Manipulation
Down Trend
Descending Triangle
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Descending
Resistance
Support
Breakout
h
Downward Trend
Bearish Gartley Pattern
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Stop Loss
Sell
D
B
X
A
C
78,6
61,8
Momentum Divergence
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When the open of
the red candle
Break the
Highest point
Momentum
the Highest
point
Start
End
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Elliott Waves.
Impulse and Correction
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Global impulse movement
Global Correction
Impulse wave
Correction wave
1
2
3
4
5
B
A
C
TRADING CARDS
Powered By
A Set of 72 Cards Lessons Curated by
Technical Analyst Which Includes:
LIMITED EDITION
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Best One
Smart Institute
www.bestonesmartinstitute.com
BEST ONE
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LIMITED EDITION
A Set of 72 Card Lessons Curated by
Technical Analysts Which Includes:
Candle-Stick Patterns | Indicators &
Oscillators Elliot Wave Theory | Price Actions
Analysis
www.bestonesmartinstitute.com
TRADING CARDS
Powered By
Best One
Smart Institute
With Trading
Cards You'll Learn:
When to ENTER a trade
When to ADD a trade
When to take PROFITS
Adjust STOP LOSS Correctly
Bullish Flag Pattern
A Bullish Flag Pattern is a continuation pattern that
forms after a sharp price growth as a correcting
movement.
After a breakout of the resistance line, the trend
continues to grow.
Bullish and Bearish versions have similar structures
but differ in directions and volumes. So we
recommend pairing it with volume indicators.
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Inverse Head & Shoulders
Inverse Head and Shoulders is a bullish form of the
Head and Shoulders pattern. The pattern belongs to
the trend reversal group.
It consists of a peak (Shoulder 1), followed by a
higher peak (head), and another lower peak
(Shoulder 2).
The target zone will be the distance between the
neckline and the peak of the head.
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Double Top pattern
Double Top is a reversal pattern usually formed
after an extended uptrend. It has two peaks called
the First and Second Top.
The First Top is formed when the price bumps into a
strong resistance level that can not be overcome.
Than the price retreats to the support level and
returns for the second time, creating a second top.
After that, the price may drop sharply to break a
neckline level and continue moving downward.
The target zone will be the distance between the
tops and the neckline.
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Advance Block (Bearish)
Collapsing Doji Star
Collapsing Doji Star usually Appears during an uptrend;
There is a gap between the first and third candles.
It can give a signal of reversal of the current trend.
Advance Block is a bearish reversal pattern of 3 candlles;
Each candle appears to have progressively shorter real
bodies;
The Opening of the second and third candles lies within
the body of the previous one.
Japanese Candles Forming
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How this indicator works
Bollinger bands help determine whether prices are
high or low on a relative basis.
If the price approaches the upper border of the
channel, a Downward movement is possible;
When the price is at the lower edge of the
channel, an Upward movement is expected;
If the channel is narrowing, a breakout is
expected, and a new trend begins.
Bollinger Bands
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Trends Types
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Cup-with-Handle Pattern
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Triple Bottom
The Triple Bottom is a bullish pattern characterized
by three equal lows followed by a breakout above
the resistance line.
The pattern shows that the buyers (bulls) take
control of the price action from the sellers (bears). It
forms as three roughly equal lows bouncing off the
support level, followed by a breakout of the
resistance level.
The triple bottom may indicate an opportunity to
enter into a bullish trend.
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Triple Top
The Triple Top is a reversal pattern.
It appears in an uptrend when the price faces a
strong resistance level.
When the price falls below the support level after the
third maximum, the triple top pattern is
Considered complete, and traders expect a further
downward movement.
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Falling Wedge
A Falling Wedge Pattern is a reversal pattern (in a
downward trend) or a trend continuation one (in an
uptrend).
Characterized by a price contracting range coupled
with a downward trend and diminishing volume. The
market makes lower lows and lower highs with a
contracting range. Support and resistance lines are
both slants down from left to right. Trading activity
slows down.
When the breakdown point comes, the trading
activity resumes, and volume start growing again.
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Candles Mood
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Money Flow Index
How this indicator works
The Money Flow Index (MFI) is a technical
indicator
that generates overbought or oversold signals
using both prices and volume data.
An MFI reading above 80 is considered overbought
(sell signal), and an MFI reading below 20 is
considered oversold (buy signal).
If the indicator is rising while the price is falling or
flat, it signals the price could start rising.
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Ascending and Descending
Triangles
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Head and Shoulders
in detail
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Cypher Patterns
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Diamond Top
The Diamond Top (bearish) and Bottom (bullish) are
reversal patterns.
The pattern consists of two channels. The first one is
a broadening pattern where the price range
increases in height, and the second one is a triangle
where the price range shrinks.
The target point is a distance between the highest
and lowest point in the diamond formation added to
the break-out point.
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Moving Average Crossover
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Pennant Pattern
Pennant pattern refers to the continuation patterns.
It forms when there is a sharp price growth in the
market (flag pole). Then the price slows down,
moving into a consolidation phase with converging
trend lines (pennant).
The breakout movement would be in the same
direction as before the consolidation.
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Candles mood
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Gartley Patterns
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Head and Shoulders Stop Loss
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Ascending Triangle is a trend continuation pattern.
Formed by the strictly horizontal top resistance line
and the bottom support line that ascends.
After the price breaks out the resistance line, the
pattern is considered complete.
It’s expected that the price will continue the upward
trend.
Ascending Triangle
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Japanese Candles Forming
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Trading by the levels
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Reversal Patterns
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A Rising Wedge Pattern is a reversal pattern ( in an
uptrend) or a trend continuation one (in a
downtrend).
Characterized by higher highs and higher lows with
a contracting range. The resistance and support
lines slant up from left to right, but the lower line
rises at a steeper angle then the upper one.
The volume keeps declining with each new price
advance or waves up, indicating that the demand is
weakening at the higher price level. After the
breakout of the lower boundary line, the price
usually declines.
Rising Wedge
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Wolfe Wave
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Japanese Candles Forming
Descending Hawk (Bearish) and Homing Pigeon
(Bullish) is a reversal of two candlesticks patterns.
For both patterns, the Ist candle is always long,
formed in the current trend’s direction. The second
one is completely engulfed in the body of the first
one. Sizes of the Shadows are not important
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Has a tiny body;
Opening & Closing
are the same;
Long upper
shadow;
The Gravestone Doji candle is similar to flipped “T”
figure. Mainly it indicates market uncertainty.
The colour doesn’t matter.
It form when the price opens and closes at the
same mark and shows the weakness of the
buyers.
Usually, Gravestone Doji appears near the highs in
an uptrend and indicates its reversal.
When it appears in a downtrend, it may suggest
its continuation or a move to a side trend.
Gravestone Doji
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Dragonfly Doji
Has a tiny body;
Opening & Closing
are the same;
Long lower shadow;
Dragonfly Doji is the type of a doji candle. It has
identical opening, closing and maximum prices.
The color of the candle means nothing.
An appearance of this candle on the market after
a long downtrend may signal a reversal,
especially when the lower shadow is very long.
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Four - Price Doji
Has a tiny body;
The color doesn't
matter;
Has no shadows;
The same price
level.
Four-price Doji is a very small candle. It has almost
no body and no shadows. The open, close, high,
and low prices are all the same.
Usually, it appears when the market slows down
before a strong shot, or it may show only one
transaction.
It is difficult to predict the direction of the price
because the candle’s forming prices are almost on
the same level. You should take a look at the
market context to make a decision.
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High Wave candle
Has a short body;
The color doesn’t matter;
Has at least one shadow;
The shadow is at least 3
times larger than the body.
High Wave candles are similar to spinning top ones
with one or two very long shadows. May indicate a
reversal or continuation of a trend. The shadow’s
length might differ slightly from each other.
Several high wave candles, one after another,
indicate high volatility and indecision of the market.
An appearance of a high wave candle can give a
signal of future consolidation of the price or a
reversal movement. You Should count the market
context.
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Japanese candles Forming
Dark Cloud Cover and Piercing are two – candle
patterns. Both candles have large bodies. There is a
gap between the first and second candles.
Both patterns signal a possible trend reversal.
Dark Cloud Cover pattern can appear during an
uptrend. A piercing pattern can form during a
downtrend.
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Opening Black & White
Marubozu
Has a long black body;
No upper shadow;
Lower shadow smaller
than the body;
Has a long White body;
No lower shadow;
Upper shadow smaller
than the body;
Opening Black Marubozu is a bearish candle. The
appearance of this candle may indicate a
continuation or reversal movement. The shorter
shadow it has, the more chance is to continue the
downward movement. To analyze this pattern, you
should look at the neighbor candles.
Opening White Marubozu has the same
characteristics but in the opposite direction.
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Japanese candles Forming
Downtrend continuation;
Candles have large bodies and small or no
shadows;
There are price gaps between candles.
Downtrend signal;
Second candle has a long body that fully
contains the first candle;
The last bar is closed a bit lower than the
previous one.
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Closing Black & White Marubozu
Has a long black body;
No lower shadow;
Upper Shadow smaller
than the body;
Has a long White body;
No upper shadow;
Lower Shadow smaller
than the body;
Closing Black Marubozu is a bearish candle where
the close price and the low price are at the same
level. When such a candle appears in the downtrend,
along with other bearish candles, it confirms the
power of the downtrend. The occurrence of this
candle in an uptrend can signal a trend reversal.
Closing white Marubozu has the same
characteristics but applies during the opposite
market movement.
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Long – Legged Doji
Has a tiny body;
The body is in the middle
of the candle;
Opening & closing are the
same;
Has very long shadows;
The long – legged doji looks like a Doji Star but has
long shadows. The shadows have the same
opening and closing prices, so the body is in the
middle of the candle.
Long – legged Doji indicates market uncertainty, so
it’s not a significant pattern. The pattern can mark
an end of a trend, a start of a flat movement or just
a little splash in the current trend.
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Japanese Candles Forming
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Engulfing Candle
This kind of candles provide potential reversal signals
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Double Bottom
This is one the trend reversal patterns.
It form during the downtrend by a double price drop
to the same level.
The twice-touched low is considered a support level;
the high is a resistance one.
After that, the price usually grows, breaks the top
resistance level, and continues growing.
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Cup with Handle
The Cup with Handle is a bullish continuation
pattern that marks a consolidation period
followed by a breakout.
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Broadening Triangle
Broadening Triangle can be formed when the price
creates new maximum and new minimum levels
due to fast volatility.
Despite that, it is a quite seldom pattern.
The pattern has two broadening borders between
which the price moves. They are clearly visible when
connecting the highs and lows with lines.
The direction of the breakout is difficult to predict
because of the diverging nature of the pattern, so
the false breakouts take place. Keep an on eye the
volume levels and use technical indicators like the
RSI to conduct analysis.
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Bearish shark
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Ideal Impulse Wave
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Entry by Trend Lines
Entry strategy by Trend lines
Entry strategy by Trend Lines are fundamental tools
used by technical analysts to identify support and
resistance levels to build the trend channels.
The price shows a clear higher high and higher low
movement, indicating a strong uptrend.
You can set up trend lines by hand or use automatic
trend line indicators to visualize the trend channels.
This helps you to buy at support and take profit at
resistance levels. In case the price break the
support or resistance level, you should be aware of a
potential trend breakout or reversal
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Rising Volume Entry
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When the big volume
spike will appear
Uptrend
Resistance
Correction (volume slows down)
Flat
Elliott Correctional Waves
1. A-B-C Flat correction look like 3-3-5 pattern
2. Wave B ends near the start of wave A
3. Wave C ends near the end of Wave A
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A
B
C
A
B
C
A
B
C
Triangle
Elliott Correctional Waves
Triangle correction include A-B-C-D-E pattern
Each wave of Triangle consists of three waves
structure
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a
b
c
d
e
b
a
d
c
e
a
b
c
d
e
Descending Triangle
Elliott Correctional Waves
1. Descending triangle includes five waves structure: A-B-C-D-E
2. Each of the waves consists of three sub-waves (3-3-3-3-3)
3. Maximums of the waves generally follow a Downtrend
4. The waves minimums have a horizontal support line
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a
b
c
d
e
a
b
c
d
e
e
d
c
b
a
Triple three
Elliott Correctional Waves
Triple Three includes five waves: W-X-Y-X-Z
1.
Waves W,X,Y could be any of the correction patterns
(except triangles)
2.
Waves Z usually may take the form of the triangle
correction pattern
3.
Usually formed horizontally but sometimes a little against
the main trend
4.
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X
X
W
Y
Z
X
W
X
Y
Z
X
X
Y
W
Z
Irregular
Elliott Correctional Waves
1. Irregular correction include A-B-C pattern (3-3-5)
2. Wave B makes a new high
3. Wave C usually ends below wave A or on the
same level
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A
B
C
A
B
C
A
B
C
Ascending Triangle
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Ascending Support
Resistance
Breakout
h
h
Upward Trend
Zig Zag
Elliott Correctional Waves
A-B-C Zigzag waves look like 5-3-5 pattern
1.
Zigzag wave B cannot be more than 100% of
wave A (usually 38-78% of wave A)
2.
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A
B
C
A
B
C
A
B
C
Double Three
Elliott Correctional Waves
Double Three includes three waves W-X-Y
1.
Wave W could be any correction pattern ( except triangles)
2.
Waves X and Y could take the form of any correction pattern
3.
Usually formed horizontally but sometimes a little against the
main trend.
4.
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X
W
Y
X
W
Y
X
W
Y
Rectangle Pattern
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Stop loss
Breakout
Target
ABCD Pattern
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Stop Loss
A
c
61.8
B
D
Elliott Waves.
Waves Characteristics
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100% of wave 1 or
161.8% of wave 4
50%, 61.8% of
wave A
161.8%, 100%,
61.8% or 50% of
wave 5
38.2%, 50%,
61.8% of wave 3
100%, 161.8% of
wave A, or 161.8%
of wave B
161.8%, 261.8%
of wave 1
50% or 61.8% of
wave 1
1
2
4
3
5
B
A
C
Contracting Triangle
Elliott Correctional Waves
Contracting Triangle always subdivides into five waves;
1.
Among waves A, B, C, D, and E, at least 4 subdivide into
Zigzags (3-3-3-3-3);
2.
The distance traveled by each subsequent wave
reduces in length.
3.
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a
b
d
c
e
a
b
d
c
e
a
b
e
c
d
Truncated Wave 5
Elliott Waves
A Truncated Wave 5 occurs when it fails to
overcome a resistance level of the Wave 3.
1.
This is a sign of the main trend weakening.
2.
A truncated Wave 5 is often followed by a swift and
sharp reversal.
3.
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1
2
3
4
5
1
2
3
4
5
1
2
3
4
5
Price Manipulation
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Manipulation
Accumulation
Uptrend
Trend Stages. Reversal
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Consolidation
Reversal
Retracement Entry
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50% Retracement entry
Stop Loss
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when the indicators
crosses above Oversold
when the line crosses
below Overbought
Stochastic RSI Crossover
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Expanded Flat
Elliott Correctional Waves
1. Expanded flat correction consists of three waves, A-B-C;
2. Waves A and B consist of three sub waves a-b-c;
3. Waves C includes five sub-waves 1-2-3-4-5;
4. Wave B retraces more than 100% of wave A;
5. Wave C retraces more than 100% of wave B;
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A
B
C
A
B
B
A
C
C
Fibonacci Retracement
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Higher Low
Higher Low
Higher High
(129.54)
100.00%
61.80%
(134.73)
(137.94)
(143.13)
38.20%
0.00%
Price retraces to the 50% level
before the trend continues
Expanding Triangle
Elliott Correctional Waves
Expanding triangle always includes five waves;
1.
Each wave consists of Zigzags (3-3-3-3-3) but
sometimes the wave E takes another form;
2.
The distance traveled by each subsequent wave
increases in length.
3.
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a
c
e
d
b
a
b
d
e
c
a
c
e
b
d
MACD Crossover
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MACD crosses
above signal
line
MACD crosses
below signal
line
Price Manipulation
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Accumulation
Manipulation
Down Trend
Descending Triangle
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Descending
Resistance
Support
Breakout
h
Downward Trend
Bearish Gartley Pattern
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Stop Loss
Sell
D
B
X
A
C
78,6
61,8
Momentum Divergence
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When the open of
the red candle
Break the
Highest point
Momentum
the Highest
point
Start
End
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Elliott Waves.
Impulse and Correction
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Global impulse movement
Global Correction
Impulse wave
Correction wave
1
2
3
4
5
B
A
C
TRADING CARDS
Powered By
A Set of 72 Cards Lessons Curated by
Technical Analyst Which Includes:
LIMITED EDITION
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