Original subtitles

0 Hello, traders, and welcome to Section 5 in this course. Guys, I'm confident that you have enjoyed 1

the first half of this course so far. 2

Before I start explaining the final key technical indicator in this strategy, I want to revisit what 3

we've learned so far. 4

So the first major form of technical analysis that I've told you in this course is major support and 5

resistance levels where you studied: 6

How to plot multi-year support and resistance levels on your monthly and weekly charts. 2 How to convert 7

these levels into zones to analyze present price action in-depth on daily and 4-hour chart. 8

And finally, using these in-depth analysis, how to identify sideways price activity or 9

price consolidation phase. 10

In addition, by answering these three questions, you are able to identify a possible buy or sell set-up 11

which will be available on any pair in the near future. 12

Moving on, I explain the second key element of this strategy in the form of major candlestick patterns 13

where you studied: 14

Ten very important candlestick patterns and how they become an integral part of the support and resistance 15

trading strategy, using the guidelines mentioned for each candlestick patterns or formations, you 16

learned how their appearance on a trading chart becomes extremely important in our analysis. 17

Finally, you studied how these patterns are often linked to high profitability trades once they combine 18

with key resistance and support zones on daily and 4-hour charts. 19

Therefore guys, these candlestick patterns when combined with key support and resistance zones, are 20

able to present trading opportunities in real-time guys. Any trading strategy is incomplete without 21

the confirmation of every buy and sell position that you're going to take. 22

After all, it is our hard earned money and we will only succeed if we invest smartly. 23

While support and resistance zones identify the possible set ups, which any trading instrument will 24

offer and appearance of one of the candlestick patterns alert you as a retail trader when that setup 25

occurs in the real time. 26

And finally, volumes or trading volumes, which is the final leading indicator in this strategy linked 27

to that candlestick pattern, provides the final confirmation to your analysis and what will happen 28

in the future. 29

Guys, this also concludes the quick recap of the course so far, and I will see you in the next lecture where 30

we start trading volumes and their importance in a freely traded market.