Candles are like the alphabet. Array them together and you have a book.
There are core patterns and candle formations that send a clear and precise message in the market which we will explore in this course.
Tutorial 1 (Insidebar)
Insidebars provide explosive entries and tight but safe risk management levels. The structure is very simple. When the mother candle engulfs the child candle we have an insidebar and a breach of the high or low is considered entry.
Although insidebars have the potential to drive price either way, we always have a bias towards a high or low breach.
Gold 4h chart, has been trending lower on the back of risk off sentiment
Every breakout was to the lows and inline with sentiment. Driving price ever so lower.
Miad