[00:02] it looks a certain way, it can give a hint as to where the market will go next.  But what I'm telling you is that everything you know about candlestick patterns doesn't actually work.  Hammers, dojis, engulfing candles.  None of this will
[00:16] work unless you add one secret trick.  And the situation is that treat these candlestick patterns as some kind of cheat codes.  They find blanks with images of candlestick patterns and blindly look for trades with the same
[00:32] candlestick patterns can be used to predict price, many people use them completely incorrectly.  For example, they see a bullish engulfing candle and think, "Perfect - this is the
[00:45] best time to buy."  But then the price collapses.  But what if I told you there was one strategy you could use to find out when that drop would happen?  Every candle you see falls into one of
[00:59] three types: an uncertainty candle, a change in control candle, or a strength candle.  And let's start with the most powerful candle of power.  These candles have a large body and small shadows.  This is the candle of power.  And it shows that at this moment,
[01:14] buyers or sellers are in complete control of the situation.  But such a candle can be even stronger.  If the candle is formed by force with a large body and without an upper shadow.  then this is an extremely strong candle, since it shows
[01:29] that at this moment the buyers did not meet any resistance from the sellers.  For a bearish candle, everything is the opposite.  If a candle has a large red body without a lower candle, it means that sellers have not met
[01:43] resistance from buyers. Such candles are quite rare in the market, but when they appear, it indicates extreme dominance of buyers or sellers.  But here, as with many things in life, size matters.
[01:57] For example, a power candle can come in different sizes.  Here are four examples, all of them strength candles with continuous buying pressure.  But the largest strength candle is the most powerful and is the best indicator that buyers
[02:10] are in control of the situation.  And although candle number four is still a strength candle, it gives a much weaker signal than candle number one.  Large strength candles indicate heavy buying, while small strength candles
[02:24] indicate light buying.  What happens when that control suddenly happens when that control suddenly shifts to the other side?