15 terms

Important Set-Ups

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Terms in this set (...)

Kiss
When a candle touches a point of support or resistance and we anticipate for a retracement to break through the zone
Tweezer
When multiple candle wicks stop at the same point giving support or resistance zones
Gaps
When the next candle has a gap between where the prior candle the was previosly trading signifying trend continuation
Gapper
Space between candles that has not yet been filled
123 Wave
A geometric pattern (ABC) in which we find the HH, LL, and next HH (Or vice versa) where price needs to reach a level to resume prior trend to signify where the market may rotate to 75% from B
ABC Wave
A geometric pattern (ABC in which we find the HH, LL, and next HH (Or vice versa) where price needs to reach a level to resume prior trend to signify where the market may rotate to 25-50% from B
Sell Denial
Denies sellers from their current Bearish trend signifying rotation
Buy Denial
Denies buyers from their current Bullish trend signifying rotation
Sloppy Denial
A denial either bearish or bullish where the candle body enters the CZ but does not go above or above or below the CZ
Spinner
A candle body opens and closes between the points of control signifying rotation in trend
Gap Attack
An overlap in price between candles signifying rotation
Marubuzo
A candlestick that has a flat top / bottom or both.
Governor
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Mother
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Outside
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