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DISCLAIMER: This video is for entertainment purposes only. Trade based on what you know and understand not what someone else says.
#Stockmarket #Stockcharts #RileyColeman
About This Video: In this video Riley goes five profitable candlestick patterns and when to use them when you are reading stock charts. Candlestick patterns are important in any aspect of reading stock charts and trading in the stock market.
Combine candlestick patterns with chart patterns is a strong strategy! Learn about Chart patterns here 👉 https://youtu.be/AiF5OaiPbG4
I’ve watched many videos on candlesticks. This by far is the best. You explain concepts perfectly and just keep giving valuable info. I keep finding new tips from your videos, even though Ive watch lots of beginners videos 🙂 and I find the length of your videos to be just right!
Awesome to hear thanks for the feedback! Good to know that the length is appropriate!
Riley, thanks for the easily understood explanations on this topic.
One question, the width of the candle seems to be time related. Does it represent a trading day or some other period or event?
Glad it was clear! A candle stick can actually be based on a lot of different things. Typically people have it based on time. A lot of my charts on my channel the charts are daily charts meaning each candle represents 1 day of the market. But you can have many different time frames where candles can represent 1 whole month or 1 minute. Just depends on what you want as a trader. Also candles can be based on other things. Some people like to have a candle based on volume so on those charts each candle can represent a certain number of shares being traded not on time.
Riley!!!! Ive watched a lot of YouTube videos on stocks, options, charts etc. By Far you are the only persons that explains everything simple calm and clear. Keep up the good work my friend.
Wow thanks so much!
Riley, Thank you for your clear and concise explanation of candlestick patterns. It is very helpful.
I just wanted to say, thank you so much for your great videos. You’re absolutely an amazing teacher and your lessons are simple but very helpful for new part time traders like me. Please, keep educate us.🙏🏿
Wow, great knowledge!! I’m so glad I found you!! These videos are such a great help to a beginner like me!
Riley, excellent explanation! thank you, thank you! I liked and subscribed to your channel 🙂
Hi Riley, thank you for sharing all of this with us! I am a complete beginner so here goes a possibly stupid question: what are predetermined support/resistance levels? 🙂
Great video , very easy to digest nice one … plenty more of these complete beginner ” how to’s ” please ….
Excellent presentation. Thank you very much, Riley.
Great explanation, appreciate the effort you made here.
Riley, pleasegive us a few more words on these reversal patterns. Namely, would you use these to scalp the SPX? I know you and Mike look at the two pull back pattern as your signal (which I can’t seem to keep myself from thinking it’s a 1-2-3 pattern). Would you use any of these patterns? Would you regard them as being as strong as the two pull back?
Dude you are literally a blessing. By far the best teacher I came across. Hooked on your channel. Well done bud.
thank you for explaining this thoroughly! it really helped me!
thanks for great video, in one of your webinar you mention squeeze indicator on TOS, which one is that and how can i add it to my chart? please let me know, thanks a lot
Hello Riley Coleman: your teaching is calm and erudite. You inform the student in a clear-n-consise sequence without the duress. This is a teaching talent!
As a newbie trader I found this video to be the most helpful so far about reversal candles. Great job!
That’s a good idea, figuring out what kind of candle would be made if two or more were combined, especially if you trade daily charts, because most charts don’t have 2,3,4,5 or 6 day time frames, it goes from 1 day to 7.
Wow, I have watched countless videos on candlestick patterns and this exceeds every video out there. I have learned sooo much! Your’s a star🥰.. Thank you!