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Hello, everyone, and welcome to Section 4 in this course. So far in the course you have studied,
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how support and resistance levels are placed on any trading instrument using the top-down analysis.
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While using the support and resistance strategy taught in this section,
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plotting zones is the first step of technical analysis you're required to perform.
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In this section,
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I will add the second key indicator to the strategy in the form of key candlestick patterns.
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While support and resistance levels mark the foundation of this strategy, these key candlestick patterns
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you're going to study, will build on the larger picture.
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Therefore, guys, these candlestick patterns will look to answer the following key questions for you
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1. How to identify if the Sideways price movement is about to start on any instrument.
2. How to take advantage
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of key support and resistance points within this sideways price activity.
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And third, whether the market will pause or break through will occur at these multi-year support and
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resistance levels.
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Guys, I'm not going to teach you the basics of candlestick charts as the information is available online
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for free. Instead in this section you will learn about candlestick patterns that you will observe carefully
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by using this strategy.
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It is because these patterns indicate the key price reversal near the major support and resistance areas,
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as you will learn.
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This also concludes the introductory lecture of Section 4, and I will see you in the next lecture.
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