Section 1: Price Action
Technical Analysis / Indicators
In this section, we learn different ways on how the market moves and reacts to our trade levels. We learn specific entries and exits in the market.
Let's learn the different ways to enter reversals when the market bounces on your trade levels.
Supports and resistances won't hold forever. Eventually the market breaks out of these trade levels. We can enter it either aggressively or conservatively.
One of the simplest ways to follow the trend is to spot breakouts with flag patterns.
Continuation Candlestick Patterns
In addition to Flag Patterns, here are other variations.
When the market moves, it doesn't move in a straight line. It retraces before continuing its trend. Let's check out where it can retrace back to so we can have a better entry in the market using the Fibonacci Retracement tool.
Now that we have better entries with the Fibonacci Retracement tool, where can we exit the market? Fibonacci Extensions can give us clear targets to set our Take Profit.
Reversal Candlestick Patterns
When the market bounces on supports and resistances, what confirmation can we use? Let's check out several reversal candlestick patterns to get better confluence in our bounce trades.
Locating Trade Levels
Let's recap on what we've learned in the beginner course where we draw horizontal trade levels and trendlines with the addition of Pivot Points.