Foundations: Candlestick Patterns, Support and Resistance

What is Resistance?

• The price ceiling

• The price floor

• The price point

• Something that rhymes with consistence

What is Support?

• The price ceiling

• When someone lends you a helping hand

• The price floor

• A sideways point in price

In a bull market, a ____ level is an area that price has difficulty breaking through to the downside.

• Resistance

• Support

• Retracement

• Consolidation

When price breaks through a resistance level, it could potentially become...

• Support

• Resistance

• Insignificant

• Blue Sky

Support and resistance areas can be identified on charts using _________

• trendlines and moving averages.

• fibonacci

• MACD

• RSI

Identify the pattern

• Bearish Engulfing

• Harami pattern

• Bullish Engulfing

• Hammer

Bullish or Bearish?

• Bearish

• Bullish

Identify the pattern

• Bearish engulfing

• Bullish engulfing

• Tweezer tops

• Tweezer bottoms

Bullish or Bearish

• Bearish

• Bullish

Identify the pattern

• Three white soldiers

• Three black crows

• Three red hotdogs

• Three green lights