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The Doji Candlestick pattern
Doji is one of the most important Japanese candlestick patterns, when this candlestick forms, it tells us that the market opens and closes at the same price which means that there is equality and indecision between buyers and sellers, there is no one in control of the market.
See the example below: $OG

As you can see the opening price is the same as the closing price, this signal means that the market didn’t decide which direction will take. When this pattern occurs in an uptrend or a downtrend, it indicates that the market is likely to reverse.
See another example below to learn more:
The chart above shows how the market changed direction after the formation of the Doji candlestick.
The market was trending up, that means that buyers were in control of the market.
The formation of the Doji candlestick indicates that buyers are unable to keep price higher, and sellers push prices back to the opening price.
This is a clear indication that a trend reversal is likely to happen.
Remember always that a Doji indicates equality and indecision in the market, you will often find it during periods of resting after big moves higher or lower.
When it is found at the bottom or at the top of a trend, it is considered as a sign that a prior trend is losing its strengths.
So if you are already riding that trend it’s time to take profits, it can also be used as an entry signal if it is combined with other technical analysis
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INSIGHT: $ADA is trading around $0.9, down from $0.93 yesterday evening.

A breakout remains predicated on the $1 level. For this, holding above $0.95 remains key.
Community remains bullish and macro factors could help move it up in coming weeks.

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TPs: $0.000025 - $0.000026 - $0.000027
Stop-loss: $0.000019
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The bullish engulfing bar pattern
The bullish engulfing bar consists of two $BONK candlesticks, the first one is the small body, and the second is the engulfing candle, see the illustration:

The bullish engulfing bar pattern tells us that the market is no longer under control of sellers, and buyers will take control of the market. When a bullish engulfing candle forms in the context of an uptrend, it indicates a continuation signal.
When a bullish engulfing candle forms at the end of a downtrend, the reversal is much more powerful as it represents a capitulation bottom.
See the example below: $DONKEY

The example above shows us clearly how the market changes direction after the formation of a bullish engulfing bar pattern.
The smaller body that represents the selling power was covered by the second body that represents the buying power.
The color of the bodies is not important. What’s important is that the smaller one is totally engulfed by the second candlestick.
Don’t try to trade the market using this price action setup alone, because you will need other factors of confluence to decide whether the pattern is worth trading or not, i will talk about this in the next chapters.
What i want you to do now is to get the skill of identifying bearish and bullish engulfing bar on your charts. This is the most important step for the moment.
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The engulfing bar candlestick pattern
The Engulfing bar as it states in its title is formed when it fully engulfs the previous candle. The engulfing bar can engulf more than one previous candle, but to be considered an engulfing bar, at least one candle must be fully consumed.
The bearish engulfing is one of the most important candlestick patterns.
This candlestick pattern consists of two bodies:
The first body is smaller than the second one, in other words, the second body engulfs the previous one. See the illustration below:
This is how a bearish engulfing bar pattern looks like on your charts, this candlestick pattern gives us valuable information about bulls and bears in the market.
In case of a bearish engulfing bar, this pattern tells us that sellers are in control of the market.
When this pattern occurs at the end of an uptrend, this indicates that buyers are engulfed by sellers which signals a trend reversal.
See the example below:
As you can see when this price action pattern occurs in an uptrend, we can anticipate a trend reversal because buyers are not still in control of the market, and sellers are trying to push the market to go down.
You can’t trade any bearish candlestick pattern you find on your chart; you will need other technical tools to confirm your entries.
We will talk about this in details in the next chapters. Right now, i just want you to open your charts and try to identify all bearish candlestick patterns that you find.$BTC
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What is a candlestick?
Japanese candlesticks are formed using the open, high, low and close of the chosen time frame.
If the close is above the open, we can say that the candlestick is bullish which means that the market is rising in this period of time. Bullish candlesticks are always displayed as white candlestick.
The most trading platform use white color to refer to bullish candlesticks. But the color doesn’t matter, you can use whatever color
you want.
The most important is the open price and the close price.
If the close is below the open, we can say that the candlestick is bearish which indicates that the market is falling in this session. Bearish candles are always displayed as black candlesticks. But this is not a rule.
You can find different colors used to differentiate between bullish and bearish candlesticks.
The filled part of the candlestick is called the real body. The thin lines poking above and below the body are called shadows. The top of the upper shadow is the high The bottom of the lower shadow is the low.
Candlestick body sizes:
Candlesticks have different body sizes:

Long bodies refer to strong buying or selling pressure, if there is a candlestick in which the close is above the open with a long body, this indicates that buyers are stronger and they are taking control of the market during this period of time.
Conversely, if there is a bearish candlestick in which the open is above the close with a long body, this means that the selling pressure controls the market during this chosen time frame.
Short and small bodies indicate a little buying or selling activity.
Candlestick shadows (tails)
The upper and lower shadows give us important information about the trading session.
Upper shadows signify the session high Lower shadows signify the session low
Candlesticks with long shadows show that trading action occurred well past the open and close.
Japanese candlesticks with short shadows indicate that most of the trading action was confined near the open and close.
If a candlestick has a longer upper shadow, and short lower shadow, this means that buyers flexed their muscles and bid price higher.
But for one reason or another, sellers came in and drove price back down to end the session back near its open price.
If a Japanese candlestick has a long lower shadow and short upper shadow, this means that sellers flashed their washboard abs and forced price lower. But for one reason or another buyer came in and drove prices back up to end the session back near its’ open price.
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The eBook is divided into the following sections:
1-Candlesticks Anatomy
Just as humans, candlesticks have different body sizes, and when it comes to trading, it’s important to check out the bodies of candlesticks and understand the psychology behind it. that’s what you will learn in this section.
2-Candlestick patterns
Candlestick patterns are an integral part of technical analysis, candlestick patterns emerge because human actions and reactions are patterned and constantly repeated.
In this section you will learn how to recognize the most important candlestick patterns, the psychology behind it’s formation, and what do they indicate when they form in the market.
3-The Market structure
In this section, you will learn how to identify trending markets, ranging markets, and choppy markets. You will learn how these markets move and how to trade them professionally.
You will also learn how to draw support and resistance, and trendlines.
4-Time frames and top down analysis
Multiple time frame analysis is very important for you as a price action trader, in this section you will learn how to analyze the market using the top down analysis approach.
5-Trading strategies and tactics
In this section you will learn how trade the market using four price action trading strategies:
The pin bar strategyThe engulfing bar strategy The inside bar strategy The inside bar false breakout strategy Trades examples
I highly recommend you to master the previous sections before jumping to this section, because if you don’t master the basics, you will not be able to use these strategies as effective as it would be.
In this section you will learn how to identify high probability setups in the market, and how to use these candlestick patterns in trending markets and ranging markets to maximize your profits.
6-Money management
In this section, you will learn how to create a money management and risk control plan that will allow you to protect your trading capital and become consistently profitable.
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