The document discusses an advance price action trading program that analyzes trends in stocks over 1 day and 1 week timeframes to identify bullish or bearish patterns in 4hr, 1hr, 30min, and 15min timeframes. These include chart patterns like rising/falling channels, wedges, and triangles as well as candlestick patterns like engulfings, pins, hammers, morning/evening stars, and haramis. It describes using previous support as resistance and vice versa to identify high probability zones for retests or breakouts/breakdowns, then outlines methods for selecting targets based on chart patterns and previous support/resistance levels.
The document discusses an advance price action trading program that analyzes trends in stocks over 1 day and 1 week timeframes to identify bullish or bearish patterns in 4hr, 1hr, 30min, and 15min timeframes. These include chart patterns like rising/falling channels, wedges, and triangles as well as candlestick patterns like engulfings, pins, hammers, morning/evening stars, and haramis. It describes using previous support as resistance and vice versa to identify high probability zones for retests or breakouts/breakdowns, then outlines methods for selecting targets based on chart patterns and previous support/resistance levels.
The document discusses an advance price action trading program that analyzes trends in stocks over 1 day and 1 week timeframes to identify bullish or bearish patterns in 4hr, 1hr, 30min, and 15min timeframes. These include chart patterns like rising/falling channels, wedges, and triangles as well as candlestick patterns like engulfings, pins, hammers, morning/evening stars, and haramis. It describes using previous support as resistance and vice versa to identify high probability zones for retests or breakouts/breakdowns, then outlines methods for selecting targets based on chart patterns and previous support/resistance levels.
Patterns in Patterns in 4Hr/1hr/30min/15min 4Hr/1hr/30min/15min TF TF
Falling Channel Rising Channel
Falling Wedge Rising Wedge
Inverse H&S Head & Shoulder
Double Bottom Double Top
Ascending Triangle Descending Triangle
Look for Bullish Look for Bearish
Candlestick Patterns Candlestick Patterns
Bullish Engulfing Bearish Engulfing
Pin Bar / Hammer Shooting Star
Morning Star Evening Star
Bullish Harami Bearish Harami
Tweezer Bottom Tweezer Top
ADVANCE PRICE ACTION TRADING PROGRAM
High Probability Zone
Previous Support should now work as a
Resistance and vice-a-versa. Big Candle can act as a Zone. Long wick rejection candles will work as a zone. Get Confirmation from Candlestick Patterns while drawing zone. 50% of the Breakout/Breakdown candle can act as a retest zone.
Selecting the Target
Targets are determined as per the
Respective Chart Patterns. Check for similar zones at Target range and draw horizontal ray as target. Previous Resistance/Support will act as a 1st Target. Previous Support should work as a Resistance and vice-a-versa will act as a Target. Big Candle can also work as a target. Long Wick Rejection Candles will also select as a target