Module 3: Reading price
13 lessons, in reading order.
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Candlestick Anatomy: Open, High, Low, Close and Wicks
How open, high, low and close become one candle, how to measure its range, body and wicks, and which parts of a candle change with your chart settings.
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Reading Candlesticks as Behavior: Doji, Hammer, Engulfing
How to describe a candle's shape as trading behavior, what doji, hammer, engulfing and star patterns are, and where candlestick reading falls short.
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Timeframes and Multi-Timeframe Analysis Explained
What a chart timeframe is, how one move looks different across timeframes, how traders combine higher and lower timeframes, and the common mistakes.
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Market Structure Explained: Swings, BOS and CHoCH
How swing highs and lows form uptrends, downtrends and ranges, what break of structure and change of character describe, and common reading mistakes.
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Support and Resistance Zones: How Traders Mark Levels
Why support and resistance work better as zones than lines, where traders mark levels, role reversal, repeated tests, and a simple way to rank levels.
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Chart Patterns Explained: Flags, Triangles, Double Tops
Flags, triangles, double tops and bottoms, head and shoulders and channels described as swing sequences, plus breakouts, false breaks and their limits.
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Trends, Trendlines and Channels: How Traders Draw Direction
How to draw trendlines through swing lows and highs, build a parallel channel, judge touches and slope, and what a trendline break does and does not mean.
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Price Gaps Explained: Opening, Breakaway and Exhaustion Gaps
What a price gap is, why stocks gap at the open, breakaway, runaway and exhaustion labels, how gap fills work, and why each name is applied in hindsight.
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Breakouts, False Breakouts and Retests in Price Action
What counts as a breakout, how false breakouts and retests look, the role of volume and closes, and why no rule sorts real breaks from failed ones.
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Fibonacci Retracements and Extensions: What the Ratios Measure
How Fibonacci retracement and extension levels are calculated, worked through on a $50 to $70 move, and why the levels are a convention, not a law.
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Heikin-Ashi, Renko and Range Bars: Charts That Change the Bars Themselves
Learn how Heikin-Ashi candles, Renko bricks and range bars are built, why they look smoother than regular candles and what each one hides from view.
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Why Chart Patterns Fail: Base Rates, Hindsight and Context
Learn why chart patterns look reliable in examples, what a base rate is, how hindsight and selection bias mislead, and why context changes meaning.
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Futures Sessions and Timeframes: Nearly 24 Hours, Different Characters
Learn how futures trade nearly 24 hours with a daily break, why overnight and regular sessions differ, and how session settings change chart readings.