[Music] hello Traders so I'm here again with a new video about Candlestick analysis so without wasting any time let's start today I'm going to use Candlestick with price action so and the market movement so you better know about lower low higher highs higher lows and lower highs if you don't know I will explain you what these levels are so let's start okay I will make four horizontal line here and we'll explain you what it is all about this is first okay this is second [Music] third fourth so what are these level these are four levels
and the market moves as the same it always moves like zigzag like 1 2 3 4 it always moves like that 1 2 3 1 2 3 1 2 3 1 2 3 it always moves in a zigzag Manner and what they form they form these levels these levels are called higher high higher lows lower highs and higher lows so this level what you think about this level this is the highest point the market reached in that part particular chart so this is a level which is called higher high this point is the lowest so
this will be called Lower low these two levels inside these levels are called first this is called higher low because it is higher than the lowest and this is called lower high because it is lower than the highest and with these four levels the market moves and make zigzag patterns every candle is formed with this zigzag motion every candle follow this rule I will explain you how okay look at this candle this candle comes down and it's going up it goes up and revers to that level it means this is the lower low for that
particular level and this is lower high this is higher l because it is higher than the low and it goes again up forming this level this is called higher high for that particular two or 5 minutes chart and it again comes down forming lower high and again goes up higher high lower high again goes up again comes down again goes up comes down and the market moves sorry uh just I'm pausing this videos I have some work okay so again so you can see uh yes so from start we will start from here this is
higher high this candle comes down down down to this level what is this level this is lower low and it again goes up like this forming low lower high because it is lower than the high and it again comes down and again goes to that level means this is a the second lower low it again goes up comes down goes up comes down goes a little up comes down goes up comes down these levels are forming at every Candlestick and we will go going to use this in this video so without wasting any time let's
start the Candlestick analysis we are at an uptrend always check the uptrend I will draw these extreme resistance level as this is an uptrend so these are called resistance level I have drawn this level okay let me draw another okay so the candle is right now at this level and I will place a call here why I place a call it's an easy shot because the candle is so strong the previous candle the previous four five six candles all have Wicks this is a strong candle I think the market is very low volume that's why
it's not moving otherwise it should have touched that level till now you can see these all candles have lower R explaining what explaining the buyer's pressure there are no sellers in the market and all are buyers you can see the market is going up this scandle suggesting that the market is strong in an uptrend I will not trade here because this is a level which we cannot trust because it's a resistance area market May reverse from that level if there are sellers who are waiting for that level or maybe continue for the next so we
will not trade as you can see we have won this let's wait and we have to apply price action here you can see the candle move starts from here and form this level it means this is the higher high this is the lower low and right now the candle will make a lower higher low uh at here somewhere and then we'll reverse and we'll go again to that level so we will wait for the candle to comes down until then we will going to wait because being patient is very necessary in the market without patients
you are not going to be a good Trader you have to be understand you have to understand okay I will make this level this level seems fair enough the previous support level and as we all know that we are in a uptrend so we can use this okay so let's wait the candle is okay it is reversing we cannot place right now we will wait for this candle to finish as these all candles are suggesting uptrend this candle is showing that there are some sellers who are selling but this candle is getting weaker and weaker
suggesting the buyers are still there and no sellers are willing to sell there property so we will wait for this candle okay this is not going down and you can see this is lower low this is higher high and I think this point is now become a higher low so we will going to just place a call if we got a rejection okay this candle is formed like this okay I think if this candle goes down and reverse then I will place otherwise no we are not sure that the market will go up because price
action can be like it can move again down and form the second higher low okay the candle is moving down I will wait for a rejection here not a good sign not a good sign I will wait no um we should not trade here I'm sure we should not trade here this is not a good sign we will wait okay the candle is coming down the okay candle is coming down okay it's coming down it will not cross this level I think and I will draw another level this level you can see this is so
strong if we had placed our trade we must have lost that's why you have to wait for the right moment otherwise you are not going to be a winner um it's freaking me out I will erase all the lines I don't like these lines I just I'm just making it to show you all otherwise they are not of my use it is just for the reference okay so you can see this level is the lower low this is the higher high this is the lower high and the candle will make another lower high I will
wait okay let's see how this candle behaves this is a good sign it's going up it's going up okay it's a good sign and okay this must go up yeah this must go up no I been I'm waiting because this candle is so big I cannot trust the market right now to go with the market because there are almost three resistance levels suggesting that there must be sellers who are willing to sell there must be more than enough sellers to make the market go down so we should I think we should change the chart we
will go to Euro USD okay it's downtrend um let's see what we can do no we cannot trade here because the market is so low volume okay let's try to trade here this seems not good enough for me okay so you can see the candle is in the favor of Market it is in downtrend it is a good right candle these two c are suggesting that the market wants to go up I will just wait for a rejection because okay rejection I place the trade I'm not sure about this okay let me Place Another trade
here the market is going to reverse I want a rejection no rejection no rejection no see that's why that's why you have to wait I'm losing this I think the market yeah I will lose this because why this is higher high this is lower low the candle is moving up to make the higher lower high so this will not going to happen Okay W what's happening in the market okay I won't I was seriously not very sure about that I just placed because I I found a rejection and you can see I won see Candlestick
anal is very important I'm not saying that only analyzing the candle will make you win you have to use your strategy as well but it will make your strategy more strong that's it that's the point that's the main point today now Traders are only going just behind the strategies they just want to be rich in a single day it's not going to happen if you don't have the knowledge you will not going to earn there is difference you will never enjoy your trading if you don't know what you are doing you have to know what
you are doing why you are doing you don't know just you just see that RSI is oversold so just go with the trade no it doesn't work like that RSI fails 100 times a day in a single day how can you believe on that you are trusting your money on a indicator that fails 100 times more than 100 times in a single day you have to understand that you have to have the proper knowledge that's why I started this channel I am not the trader who will just uh uh paste my affiliate Link in the
description and I will show you that I tell you that uh if you want to join my team I will share my secret strategy and then you will earn like me it's not going to happen I don't want your affiliate income because I know these Affiliates earn when you lose I don't want you all to lose I just want you to learn and to earn not to lose I want want you all to win that's why I started this channel this channel is all because for knowledge nothing else no money no charges just free and
I will not scam you all anywhere anywhere so let's go again with the trade I think okay we have used a time so you can see these three candles these four candles you can not four the Six Candles 1 2 3 4 five weeks a strong red candle suggesting Market wants to go down you can see the price action it goes down comes up goes down it is coming up again I will wait for this candle and will place my last trade in that video let's see what's going to happen okay it's going down okay
let's see this candle is now getting weak so okay it's going up I want this candle to go up so that we can use price action and the Candlestick story to place our trade okay so this candle is closing like a spinning top no it's not it's a strong up okay and I think we have got an opportunity no okay it's going up again I want a clear rejection then I will place my trade okay it's going up no rejection cannot play straight we have to wait sorry for the long video but I cannot do
it without waiting we have to wait I cannot play anywhere anytime you have to understand that I want you all to understand that's why I'm making this long video this is very difficult for me as well I have to do trading as well and always follow one thing don't practice more than 10 trades don't you have to understand if you are over trading you will not going to succeed you have to be very sure about your trade if you are doing 50 trades in a day this is not going to work because you are going
to lose 20 and this will going to keep your confidence down you have to place 10 and to and if you are winning like seven or eight this will make you a confident about your trading that you are doing a good job even if you are doing 50 trades and winning 30 this will not make you feel like yeah I'm the king yeah I can make money it's easy no it's not the video is almost about 16 minutes I don't want this video to go more long so I will stop Trading here sorry for that
but I will make more videos about it if you have any doubts comment in the section I will answer your any queries thank you very much keep trading keep itm good day
