Hello, dear readers. Whenever I sit down to write another cheat sheet, I think for a long time about which topic to choose. Work in the market is so multifaceted and has so many aspects that I want to cover everything at once. Mostly my students tell me what to write about.

Today a guy came in for a consultation who simply has "information poisoning. He spends all his time reading books and wonders how he can't learn to trade... he can't just because he doesn't even have time to trade. This time he's come to my "heart" with the subject of candlestick analysis. He showered me with three-story names of candlestick combinations of which I've heard for the first time from him. After our conversation, he went away dumbfounded: it turned out that there was no need to read this huge volume of information and waste a lot of time. You could limit yourself to a couple of verified candlestick patternsabout which we will talk today.

Remember that candles are like letters. The market tells you its intentions through them. All you have to do is pay attention to the market. And now let's look at the most popular models, which can bring in much more money than all the others.

I do not think it advisable to describe them in detail in this article, because there is a lot of literature on this direction, especially in our "cheat sheets", so look carefully and memorize.

Turning patterns

1. Shooting star (see Fig. 1, 2)

2. Absorption model (see Fig. 3, 4)

3. The Three Mountains and the Three Buddhas (see Figs. 5, 6)

Continuation Models

1. Model "Separation" (see Fig. 7, 8 )

2. The "three methods" model (see Fig. 9, 10)

It should also be taken into account that forecasting by candlestick patterns very subjective. It takes quite a long time to practice finding the shapes on the chart. So at the end of our issue I will give you home building - Look for patterns on the charts of different instruments. I'm sure you will see how well they will help you in your work.

Don't try to know everything, just know what you need to know!