Confirmation candles for beginners

Описание: As a key level trader on US indices, much of my job involves analysing price action at key levels to help guide buying and selling decisions.

One of my favourite ways to do this is by comparing candle bodies and candle wicks. A candle body breaking through a level can suggest continuation, while a wick touching a level often signals rejection and the potential for a reversal. The candle that follows can also provide useful confirmation.

But the first step is identifying the right key levels, so you know where to look for these signals.

In this video, we look at how confirmation candles work, how to interpret bodies and wicks, and how traders often use them alongside tools such as Fibonacci retracement levels.

TIME STAMPS

00:00 Intro and confirmation candles
00:51 Three steps: key levels, wicks and bodies, bonus candle
01:23 Key levels
01:40 Fibonacci retracement
03:26 Bodies and wicks
04:40 Engulfing candle
06:06 Next steps and key levels video

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