πŸ“š Price Action: How to trade wicks at Support and Resistance, understanding candlestick wicks


Right witnesses in the video first of all the risk warning you’re invested capital might be addressed don’t try to as money you cannot afford to lose and this video is not investment advice this videos another deep explanation video and this time I will talk about how to trade week’s tech support and resistance here at any kind of key level EMA people actually level Round numbers and so on and so on and I will show you how important it is to understand candlestick weeks in trading Because a lot of my subscribers and a lot of traders do not understand what the week’s are really air telling you Yes what the market is going to tell you based on the week? So and for them to understand this I have prepared already some kind of stuff Before we are going to start into this I want to show you some of those concepts which are really important to get before you want to see this video So let me see. First of all, I want to show you this kind of Evening session of the you will use this chart of the Friday evening. You see here a nice pull back There is a nice pull back from the 20ma Going into an uptrend after retracement to key level which what was also a fake breakout We got here some rejections from some kind of a maze and here you see that you have to be careful because you don’t know from which kind of if a price is going to Reject and as so as long you don’t know this yet You should stay away from any kind of trade after this pullback here and this kind of a goof in candle You could say go into a cold trade Yes, but you need a rejection here from the 50 or from the 100 ma to understand if it’s still an uptrend coming Up or only a consultation area because we are far away from the to deviation will happen We are between the one creation appalling event enter one deviation do away with it? So here the next canned after this kind of doji, what would this be? Most probably this candle will be some kind of doji or weak bearish candle Why because this looks for me like a fake breakout and depending on the trend itself it? Shows you if price will continue to go in an uptrend all will do a reversal because of the ranging market offices in the market, correct idea, so Important this year this week here is showing it this moment selling pressure. Yes, because you see here. No as a support and resistance level Yes, and the only support and resistance level would be this one. And as soon as offended will break through this level here You stay out of any kind of contract. Yes, because the next Support and resistance level would be a lower shadow of this doji So because of the normal process of elimination, yes, it means after this bullish candle We got this type of weakened And after this we got this dog is there are only two options to trade here The first option is to do a put option yes on this wrong number as soon price will break through this level and got the Rejection you enter into a portrait. That would be using the process of elimination But much better in this case would be that You would follow the trend and that is what I’m trying to explain over and over again when I’m talking about the highest probability trading setups Yes That means you wait that price goes back to this level here and on this level you enter into a contract Because this level will be a support level Because we have a minute uptrend and we are going into a major uptrend we got because we got here this Of Welbeck and the change of polarity of this 20ma which is going into an uptrend So let me show you this in the e-book because it’s important that you got those kind of stuff So we have this kind of scenario here. That is a how-to Spotlights probability to absolutely happen a goofing candid and after this a routine can be get a trace mint or a Continuation pattern and after this continuation pattern you enter in to the trend continuation K and that is important you get any kind of sign of a reversal if you get a sign of a Reversal you need after the sign of a reversal that any kind of confirmations. That means in general. Yes You got here the sign of reversal. Yes here in form of an evening star We are creating here lower lower lows. Yes that means we are getting here most probably into a downtrend that was a week ended and then we got into a downtrend and on the next rejection who follow the downtrend and this would be a nice booty above the one deviation whatever meant as a trend continuation and using the 50% level of this bar was optimistic as so a resistance method so After this you wait for any kind of reversal sign this and goofing Kenda is a reversal side the got here except down below the wrong number But anyway, the important stuff is that to wait for a rejection from the opening price Total price of the previous candle of what I scan the opening price it is this one here You wait for a rejection from this level or if you have close to this any kind of support and resistance level you wait for the rejection from this key level and Important here is that this was a retracement of this new upcoming uptrend because we are still in the ranging market Yes, and the trend was not established But this tank candidly this engulfing candle with this launch ever, which was showing a lot of buying pressure Was showing that we are doing now in continuation of the trend so here you see weights and price goes above this level and under rejection from this level you enter into put or As price is going to break through this level as you can do also put but you have to try to get the higher entry point Like I have explained so often if you want to do a call after doji you have to enter below the closing price of the previous candle and if you have to Try to put option after a doji, then you have to try to get into this above the closing price of the previous candle and because we have here this kind of support and resistance levels this wrong number it will Be most probably difficult to get the rejection and entering above the closing price of the previous candle But this is showing is some kind of weaknesses so I’m expecting here some kind of fake break out of this type of support and resistance level and the next candle will most probably Close the path the lower shadow of the doji Because of the character of the uptrend and you will understand today with how to trade the wicks at support and resistance level Yes Understanding canasta quits in trading how to trade the weeks, right? Depending on the trend depending on the position Yes And also depending on the candlestick weeks and the most important part Which I had not talked about the sooner now because I didn’t solve this necessary but not another subset. This is more really important about How the week is interacting with the tea level that means is the wick crossing The sea level is a weak touching only the key level or is a weak Not touching free level and I will show you now here some examples So for example, this cubic here is crossing the one deviation boiling up an tears This week here is touching exactly the round number. Yes here this week is touching exactly the wrong number Yes and depending on the position the trend and depending on some other factors like candy the real body as a color of the real body the relation to the Opposite week. Yes it everything is telling you exactly what the market is trying to do Based on the rig reading. Yes. We need only to read the witch to understand the pressure. So now we are going into the deep fight that means That was the highest probability train set up to understand this kind of video, which I had I’m doing now. You need some basic stuff Which I had already covered and that was this stuff where I talk first of all about support and resistance. Yes. That is this one That you have to understand the change of polarity and what it means to come get Confirmed the support and resistance levels this support and resistance levels can be everything. Yes in a 200 ma 100 ma 50 ma 20 Ma 75 as all Fibonacci levels or trend lines everything can be used as support and resistance Level depending only from the trend if you have an uptrend you do call options on support level That is this one-year call option on support level in an uptrend. Yes If you doing put options you do put options as this one year on resistance in a downtrend here You’ve got the confirmation of this major support and resistance level after the touch of it. Yes You trade the next kind in direction of the downtrend Yes, because when you put option on resistance in a downtrend, so that is this one the next concepts which you should understand is About what is supported resistance based on the chemistry? Mataji always often that all those kind of stuff are really Interacting like a year and if you understand the resistance support and resistance based on the weeks you understand What will happen next what the how to predict next chemistry? Yes, and that is important that you got this that are only a few candlestick patterns but every candlestick pattern which has a which has a story behind and that story tells you exactly Where the pressure is coming and I will clarify this kind of stuff in a few minutes when I’m talking about You know how to trade weeks at support and resistance levels. So important is also because you cannot see everything alone you have to get them all together and The important is that to understand the progression as a progression and pressure reading of fantastic patterns Here we have the bullish candlestick patterns S which are telling you how bullish the candle can be? Yes, depending obviously with our support and resistance levels. This is only based on the risk Yes, and that is telling you exactly what this means So you see here this lowers our shadow is showing by a pressure because we have less bullish But the problem is here if we are key in bluto’s to a key level This is bullish too because price will continue to going up because this upper shadow this so in buying pressure in this case Okay, so because we have here resistance level and this resistance level means that price will try to go to this resistance level so that are those Concepts watch those kind of videos because they are important to understand those kind of things which I’m explaining here We have also this kind of stuff that how to predict the next end of the second generation based on the retracement this kind of stuff is most Part of this will happen often in ranging market in ranging market You will get often retracement back to a key level It can’t be the opening price of the for last candle Yes but it can’t be also only the support and resistance level which is in between one deviation to deviation or Even in a yes, so you don’t need to care about those kind of things. This kind of carry sticks are special candlesticks Yes But you can apply this to each and a mechanistic because it’s only the concept which is important to understand that You get the retracement back to key level and after this you can’t continue doing the trend conservation of the new upcoming trend The also important those kind of stuff which I’m talking about the entry points Yes, because also if I talked here about this one year, what will be the next candle? It doesn’t important to what the next cable will be Important is how you trade the next candle and I told you you have to wait for a rejection from this level Yes, because we are in a minute uptrend and we are going into a major uptrend we have here price action on the left So most probably price will reject from this level and closing above this level. Yes, because the trend is up But you can do also a put option Yes when you get a rejection here from this round number? Then you can do a put option bar If you see that price will go immediately down will go up again and then you try to get a better entry point above the closing price of the previous candle and that is what I’m explaining here is You try always to go above us below. The previous can be closing twice also support and resistance level or a base Whatever you mean yes here and everything is when I’m talking about trance dick, but on chat button consolidation and support and resistance I mean every say yes If you Valachi Levitz a maze and so on so and because you don’t know how strong any kind of this what? Is horizontal nights are yes only if you see the weeks which are forming there and how often it got touch then That is the problem made mainly that you don’t get understand the strength meant that was this reason. The inmates are much better Yes 200 ma For example, which is her was eliminated at the moment by I Quixote is one of the most reliable EMA’s because it’s a 200 ma 200 day moving average that means that you can trust it and that’s the reason why might Watch your shots are based on those kind of high EMA Emails because those are really trust able and they will bring your money. Yes. That is what this is The virtual shots are not working for fun. They are working because there is a concept behind it So and the last one is obviously the moving of the running candle Which I can I have shown you in my life trading, but you have to imagine how it works. Yes It was at the end after noon wolf in Kenya you have to wait that price goes back to P level and on the rejection you enter above this kind of support and resistance level which was based on the opening price of the phone a scan of this engulfing candle yes that this is how the concept works and the same is valid also for the Consolidation area for the chart pattern and also for the support and resistance levels So before I going to show you this more in detail, let me show you the other things which are really important Yes, that one was as a previous one where I talked about how to trade weeks weeks and binary option understanding weeks in trading where I talked about the Position of the candlestick patterns in the relation to the trend and depending on it It tells you exactly what will happen If you are at the beginning of a trend Then you are almost in a consultation area always Market, and that means that you don’t have any kind of confirmation if any time of support and resistance level is working So you need a confirmation to enter into any kind of trade? And that means that you need any kind of terroristic confirmation before you are can go into a trend continuation Yes, that’s all that means that if we have here that means that we have here at the beginning of a trend That means you get this kind of This kind of highest probability trading setup stuff. Yes. You are here I’ll show you where you are. If I’m talking about this kind of error. We are exactly here Look at this here. We are here. Yes. It means we got now a reversal signal Yes, but the trend is not established That means we do not know what will happen after this engulfing candle and after this engulfing candle you wait for the confirmation in form of a candle or For in form of a rejection from the support and resistance level or is the opening price of the Fallen are standard. Yes That is only if we say working care, but you can do this with every type of chemistry Yes, even in star Morningstar and so on and so on so, okay. That was this one So now we are going into the deep fiber But before I go into this I have to mention my ebooks get the ebooks Yes because you see all the strength of concept are working together and we have here the price excellent guide you can get this in the description as I will not talk too much about this the price expedite are 100 pages of 120 pages of illustrations of all those kind of concepts which have to use to be used in addition with videos Then we have support price action Bible you find a link in the description to this board what price action Bible contains the illustrations? 270 pages of illustrations and explanations that means you get detailed information about the context about Support and resistance and how to trade candlestick pattern chart patterns and how to apply those kind of concepts which I have explained in detail in my ebooks really good and really Easy as it’s easy English. You don’t need a bit of knowledge about English Yes Because at the end you I’m using always the same term says like trend Key level and so on and so on and the can use it But obviously you have to know them if I’m talking about the evening stuff. You should understand what the evening star is yes editor for me enormous stuff and then we have obviously for those one who want to increase their training and Prove their training the video packs. One, two, three and four. Will you pick one for the beginner? We do paid to for the moderate one. We do pack three for the twelve one will be to pick four for the pros Yes Those kind of video pets are really high educational you get instant access to my core knowledge and you will improve your trading immediately as dramatically After watching those threat of leaders video tech one that rotates 104 videos all of them really nice explained what can wrong what done right of those kind of rates which have done my bot mentorship program students and then obviously we have as A bot mentorship program you can still apply for it. Now. You cannot buy it. You have to apply enter and Ron’s application process Send me an email to both over twitter at gmail.com with subject what mentorship program and then I will to the email and that will be the enrolling of The application process for the bot mentorship program if you want to become a successful profitable Full-time or part-time trade, I guess so and those kind of stuff. So let me see Yes, it is a Bible here We have the highest probability Training setups which are really good because at the end you are doing nothing else then the put option on resistance in a downtrend Put option under resistance in a downtrend After confirmation of any kind of Kenna stick button, which is showing you our verses all retracement so let me go indeed so important is that to watch this kind of video here where I talked about the Position of the trend enter repeating and now we are going to top this one I have prepared this already and so I will do this a little bit more faster because I don’t want to draw it always in front of you So we have here this kind of stuff how to trade mix and support and resistance understanding candlestick weeks in trading So what is the matter here we have here week crossing as prod rigs are crossing support and resistance letters that means we have pressure a lot of pressure because ads it would not Pro go through this kind of support and resistance level but We have also a lot of pressure of the opposite scientists because we got pressed Pressed down again as below the support and resistance level that means at the end of an uptrend that most probably the next candle gas will be Bearish one Yes, there will be a bearish one depending obviously auto transference. I cannot Implicate everything here yet, but I am talking only about the position of the gamma stick where it appears Yes, in this case of the support level. That means at the end of an uptrend we go to a huge selling pressure So on the next channel, you can expect a bearish if you are in the halfway of a downtrend This is a confirmation that you can go into a trend continuation That’s because this is showing much more selling pressure with what we are in between of a downtrend. We got selling pressure We got the confirmations This is a put option here onto a resistance level in a downtrend to see here resistance and then you enter into a trend continuation if you are in between our Minute downtrend and a major downtrend Yes Obviously the minute on twenties in this case are more important because you are trading your binary option doable trading That means you have one minute expiration time so rely more on the minute downtrend instead of the major contract, but if you have both of them on your side you can Handle this much better. So then we have the second one at the end of a downtrend This kind of trick is showing buying pressure. Not any more selling pressure Yes A jet is almost seen on the previous candle if this 10-week is Breaking through the resistance level it means at the end of a downtrend Yes So you have to analyze the threat before yes and seeing where you are in relation to the threat and if you are at the end of the trend this kind of candle is Showing buying pressure because price is pushing against the resistance level and is trying to do Higher highs and that’s the reason why you can do on the next lender call option Obviously you have to apply those kind of things which I have explained in my ebooks about how to trade on the entry points Yes because you have to wait for a rejection as a confirmation that this will be really the end of a trend and then you are doing Reversal trade yet in a god if you are in an uptrend Yes, it’s a half of the uptrend that means you I have a good trend uptrend then you’re entering into a trend confirmation because this is showing also buying pressure So I put them both together so that you can handle this much easier and you can understand Aziza So if you have a ranging market and that can be changing at any point that is really dangerous because mostly You have to understand that ranging market it’s almost only a short period test where price twice to consolidate and after this price is going to continue that what is going to do but often after the Ranging market, which is a consultation area, which is also formed by the Bollinger Band squeeze. Yes It can happen that the trend will form and then you will get hit but if you are having a ranging market and you are still in a Ranging market and you’ve got a week which is crossing the key level to deviation boiling event your face or whatever in a ranging market You can expect Mostly that price will reverse there Because price and market is moving in waves and that is the character of a ranging market to have a trading range in This kind of trading range the price will move and that is why Crossing optional week of the key level in a ranging market means almost often when the Rick is crossing deeply Some kind of reversal. Yes in a training market You have to understand the trend where you are in a position of a trend to understand if it would be a trend continuation or not Because we are an uptrend price will go to the key level and after this you have to understand if this type of tea level is Confirmed as major support and resistance level and that is the reason why I told you to watch this Previous video so and all those kind of videos which I have to make before So the next one is if the week is only touching that you look at this The first one with crossing is something like this year. Yes This is Crick is crossing support and resistance level which is crossing here support and resistance level Yes, so one deviation one event. This is touching of support and resistance level Yes, because we happy around number the one point one two, seven zero zero and this around number is touching of this pyramid Here we have also a touching of this level. It’s not the crossings of the big difference The same is here. This touching near of the 20ma is different from the crossing of Some kind of key level as because it’s a much more pressure behind those kind of crossing here We have much more pressure instead here We have not so much pressure because at the end Price table they are waiting. The sellers are waiting there and they are trying obviously to manipulate and to trick the trader So look at this what will happen if the bit is touching only and not crossing that means at the end offered up trend you will most probably getting a Reversal because that shows that he are waiting the sellers and the next candle will most probably a bearish one Depending on the length of the week obviously because short has a week much more probably that the trend will continue yes, but in general if you have a nice week above which is colla touching only you can do in this case the Trade confirmation. Are you are in the trend, but if you are in between You have to understand that Get a river said so in between our trend this is a put option on resistance. This was a confirmation that this resistance is working Obviously is also important that the real body which color has a real body What kind of? Opposite week you have what is telling this but in general? Yes if you have a touching of this and you are in between our twenty can do a put option on the next candle as a Trend continuation because this shows that the sellers are still waiting here and so you have the protection to do a trend continuation if you are obviously Is a probability of doing a reversal to wake after this one is there’s a trend continuation but for this you need almost a strong trend yes and If you are at the end of a trend You can expect that price will reverse the trend continuation is only because of the distance here and depending on the market So the next one is this one when you are at the end of the downtrend this pressure here Which was previous one selling pressure. Yes, because the chose that we have here an area where sellers are waiting They are not allowing the buyers to go through this level That means that they are sitting there and there will be happening a reversal for sure But if you are at the end of a trend this kind of tentative over touch will initiate Often a faint break out of this type of support and resistance level and that’s the reason why I have done here upper arrow yes, because at the end of a downtrend in form of any kind of Candlestick pattern showing and touching only shows. This can be a fake grayed out. Yes, because we have buyers Who are tending to break through the resistance level? I’m doing this here only was a resistance level I could do this own also with the support level But at the end it’s the same stuff with only so on the next if you are in a Middle of an uptrend and that is the reason why I’m talking that you have to watch this kind of Video before because here I have explained exactly how the weeks are acting in relation to the support and resistance level if it’s only Showing the week and into the relation through the key level here instead. I’m showing what happens if it’s only touching it so if you have ranging market and price is going to touch the harm or Probability is that price will do a reversal access level because of the ranging market It can’t be that there will be a reversal but the problem is obviously if you have still a minute uptrend in a ranging market Price can push against this support and resistance level Yes because at the end we didn’t cross this and so in ranging market it has it can have bad have also some kind of Yes attendance. So the next one is the last one and that is a bit not touching yes, if the bit is not touching and you are in between of the minute downtrend then you can expect that on the next error will happen some kind of Retracement and that is what this week is telling you this week is telling you we have buying pressure But this point pressure Is there not enough to go through the key level but we are already close to the key level so at the end It can be another retracement trainer coming before the down trend will continue here you need some kind of confirmation to continue the down trend because this week is Halfway over down to it some kind of buying pressure So the next one is this one where you are in-between of an uptrend? You see we have fear not the end of an uptrend or something because this will only confuse you in between of an uptrend This candle is showing here that we have certain pressures our shadow. In this case. We are close to this. Yes Because this kind of started showing selling pressure because we are close to this The modern most probably the next camel will be a bearish one But only as doing a retracement back to key level for the trend continuation Yes That is only that what will happen for the next candle? Not the General trend because we are in between of a trend that means we will have only a retracement Next to this depending on this resistance level as if price is going to break through this level You will enter after price will come back close to the closing price into a call option and Here you will do nothing else and a put option if price is not going to break the upper shadow of this level That means in general that as a trend has lost much more momentum and then you can apply in General those kind of stuff which I have explained here Yes that you can expect the reversal happening obviously in a ranging market price will go close to the key level So the next candle will be a bullish one. Yes and in general It can’t be a reversal happening to our tradesmen happening but of the course of the ranging market director But in general it will be most probably that price will go to the key level itself So is this one what I want to show you in this kind of video? You see how important it is to understand? What the week is exactly doing with aquiline If you have a lot of key levels like ma soeur in this case you have first to determine that Understanding which kind of source type of emaze is interacting as support and resistance level and based on it You can do this kind of stuff and doing the trend Continuation or a reversal trades depending on the candlestick pattern which are telling you this Okay That was already if you liked this video to a like if you didn’t subscribe Subscribe to my channel and if you have something to say drop me a line in the comment section So I would say stay safe and bye. Bye

24 thoughts on “πŸ“š Price Action: How to trade wicks at Support and Resistance, understanding candlestick wicks”

  1. The comment section on this video gets bombarded by spam commenters from binary options companies. Please do not trust any links or email addresses provided in the comments section. We try to filter as much spam as possible.

  2. Thank you so much for spending your valuable time for us πŸ’πŸ˜ŠπŸ…πŸ™πŸ™πŸ‘‘πŸ‘‘πŸ‘‘πŸ‘‘πŸ‘‘πŸ‘‘πŸ‘πŸ‘

  3. Hi Ben , nice video but I got a question for you : what do you mean by "trend ends" because obviously trend ends when it decide to end so how can I differentiate a trend middle from its end ? Thank you in advance.

  4. Firstly thank you so much sir for you're efforts,sir how to recognize where the trend is and secondly @30.36 you said ema are interacting,then how we can know which ema is interacting…I'm using bott settings….
    Thanks

  5. πŸ™πŸ™ŒπŸ™Œ thank you Mr Benjamin πŸ‡ΏπŸ‡¦πŸ‡ΏπŸ‡¦πŸ‡ΏπŸ‡¦πŸ‡ΏπŸ‡¦πŸ‡ΏπŸ‡¦ loud and clear

  6. Excellent Mr Benjamin ΒΏ How can I Identify when the price is in the middle of the trend and at the end of a trend ?

  7. hello, thank you for the video, but you didn't explain what happen with "wick not touching snr" at the END of a trend, can you explain ? thank you

  8. Thanks for another great video. The only thing that is missing, is how do you really recognize where the price is actually in realtion to the trend. There could be really strong keylevel and that szenario did not unfold right, cause minor trend is so strong that it break through all keylevels equal to what strength keylevel has. Once first example happened to me in major and minor uptrend at 261.8% FIBO level. Prior candle was bullish inverted hammer and upper wicked crossed Fibo level. I went into a PUT at rejection of 1/2 of pior candles upper shadow. Price broke through it with determination and bet was OTM. I would really like to know how you can differ continuation or reversal at end of trend based on prior and running candle movement. Cause sometimes you decide not to go into a reversal at strong keylevel based on candlestick movement. A video about that kind of theory would be great. Thanks.

  9. Thanks Mr.Ben
    I like this video, this is impotance for me when i using cathmatic. everything back to pinbar with the wick behavours the key. This behavous is importance for me

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