A unique Candlestick Trading setup by a Global Trader!

In this Face2Face video, we have our rocking host Mr. Vivek Bajaj, co-founder of StockEdge and Elearnmarkets, in conversation with Ms. Louise Bedford, co-founder of tradinggames.com.au. Here, she will talk about the universal principles of trading, candlestick charting techniques and the significance of candlestick patterns in stock analysis. She emphasizes the three-lesser known candlestick patterns, which will expand our understanding of market dynamics. Also, as this video is in English, Mr. Bajaj will occasionally provide translations of essential points shared by Louise.

Louise discusses the fundamentals of candlestick charts, their advantages over other charts, their visual appeal and quick understanding of market sentiments. She also discusses the importance of the upper and lower wicks, often referred to as shadows or tails, in indicating the highs and lows of the trading period. She emphasizes understanding the psychology behind each candlestick pattern instead of solely relying on algorithmic interpretations.

Further, with the help of real-world data from Tata Consultancy, she touches upon bullish breakout candles, her strategy for entering the trades. She then moves to explain bearish breakout candles. She will then talk about bullish and bearish retracements that will be a significant part of this session. She then explains how to spot the dominant candles with the help of the Asian Paints chart. Additionally, she uses another new pattern she developed, the Inverted Piercing Pattern and Inverted Dark Cloud Cover, which she explained with the help of the Nifty50 Index.

Watch this video to see how candlestick patterns can provide insight into market trends, reversals, and trading opportunities. Also, learn about a unique candlestick trading setup from a global trader with a lot of experience.