ULTIMATE PRICE ACTION 2.

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CONTENTS
What is Price Action Trading
DAY 1 Candlestick Analysis
Volume Analysis
All about Support & Resistance
Demand & Supply Zones
Trends & Trend Lines
Chart Phases & Wyckoff Theory
About our Premium Discord Community

GAPS
DAY 2 Effective Chart Patterns
Assignment Discussions
Master Breakouts & Breakdowns
How to identify Fakeouts & Trade Them
Putting everything together

DAY 3 Risk Management - Risk Reward & Position Sizing

Trading Psychology
In-depth Analysis & solutions on Trading with Emotions
[ Fear / Greed / Regret / Hope / Frustration / Happiness ]
How to Maintain Effective Trading & Emotional & Review process
Trade Like A Monk - Mindfluential Trading & Trading Affirmations
DAY 4
INTRADAY CONCEPTS & STRATEGIES
Plotting important levels on the chart for Intraday
Stop-loss Management
How to Ride the trends using MAs

Gap-Fill & Gap Continuation Strategies [6 strategies] Manual

CPR-based Strategies [2 strategies] Indicator

Institutional Zones-based Strategies [2 strategies] Indicator & scanner Alerts

Intraday crossover strategy [ 1 Strategy ] Indicator

When to avoid trading

Stock selection methods for Intraday Trading
DAY 5
SWING & POSITIONAL STRATEGIES
Preparation of Charts
Swing & Positional Capital Management

1. Range Breakouts Scanner Alerts

2. Momentum Based Stocks Scanner Alerts

3. Fake Breakout Model Manual

4. Inside Day Candle + EMA Strategy Scanner Alerts

5. Three Daily Candle Break Scanner Alerts

6. Buy the Dip Model manual

7. Volume Profile Strategy INDICATOR

8. Heikin Ashi Strategy Indicator

9. Sector Swing Opportunities manual

Day 6

Swing & Positional Strategies

10. Fake Crossover Strategy Manual

11. Imbalance Structure mANUAL

12. Futures Open Interest Screener

13. Picking the better Small Cap Stocks Screener, scanner alerts

Scalping (1 min) Techniques

Bonus COncepts - Basics of options

About Option basics
Strike price Selections in Options
How to read the Option Chain data
How to Keep Stoploss in Options
Understanding the Premium Decay concept in Detail
Option Selling Vs Option Buying
G A P S
 WHAT ARE GAPS?

Gaps are sharp breaks in price that

are created when the market closes
after a day of trading and then
reopens at a different price.
Gap up
Gaps can happen moving up or
down
 WHY DO GAPS HAPPEN?

Stocks Gap up or Gap down at times because of the price fluctuations in pre-
market and/or after hours.

The Price fluctuatios happen because of catalyst such as:

1) Earnings
2) Economic Data
3) News related to the company
Gap up
HOW DO GAPS HELP US

Give us an idea of sentiment

When a stock gaps up, there's a high possibility it may keep going higher
(depends on the gap and reason behind it)

When a stock gaps down, there's a high possibility it may keep going lower
(depends on the gap and reason behind it)

Gap levels wor great for the support and resistance points
TYPES OF GAPS
COMMON GAP

CONTINUATION GAP

EXHAUSTION GAP

BREAKAWAY GAP
 COMMON GAP

Nothing extraordinary because it can happen frequently without any

major implication about further price movement.

This gap usually doesn't provide any trading opportunities.

 CONTINUATION GAP

Continuation gaps occur in the middle of a trend

A gap upwards signals a continuation and that additional buyer have

entered the market
 Continuation Gap Example

Continuation gaps generally occur due to important events like earnings, news, etc.
 EXHAUSTION GAP

Exhaustion gaps usually happen during the ending period of a trend and can
signal a Potential reversal.

Price makes one final gap in the direction of the trend and then reverses
Exhaustion Gap Example
 BREAKAWAY GAP

Breakaway gap is when price gaps over resistance or below the

support level

This gap usually signals a trend formation

Breakaway Gap Example
Unfilled Gaps act as good support & resistance zones most of the time.
EFFECTIVE CHART
PATTERNS
 What are charts Patterns?

A Chart pattern is price formation within a chart that showcases what

price might do next based on what they have done in the past.

Chart patterns can form over any time frame - monthly, weekly daily &
intraday.
 How do chart patterns help us?

Find high probability trading opportunities

Help us identify what direction the stock may go next
Help us access market conditions and manage our risk.
Understanding the logic behind the pattern is more important
 Let's understand these important patterns

Some important price action patterns for reference:

Top & Bottom Head & Shoulder
Triangle Patterns Flags & Pennants
Patterns Pattern

Double Top Ascending Triangle Bull Flag

Head & Shoulder
Double Bottom Descending Triangle Bull Pennant
Inverse Head & Shoulder
Triple Top Symmetrical Triangle Bear Flag
Bear Pennant
Triple Bottom

Wedges Cup & Handle Recovery Patterns Channels & Tunnels

Rising Wedge Cup & Handle Rounded bottom breakout Sideways channel
Falling Wedge Inverse Cup & Handle Rounded top breakdown Downward channel
V shape recovery breakout Upward Channel
V shape reversal breakdown
Top and Bottom Patterns

Reversal chart patterns where the price point reaches a similar

high or bottom multiple times and then reverses the trend

Types
DOUBLE TOP

TRIPLE TOP

DOUBLE BOTTOM

TRIPLE BOTTOM
DOUBLE TOP

Double top is a reversal pattern formed when a stock makes two highs of similar price points
Stock starts as an uptrend
The pattern is completed once the stock breaks the neckline
Understand that pattern may not always be perfect in real markets
TRIPLE TOP

A triple top is formed when a stock makes three highs of equal price points.
Similar to a double top but just has one additional top
Stock starts as an uptrend
The pattern is completed once the stock breaks the neckline
DOUBLE BOTTOM

A double bottom is formed when a stock makes two lows of equal price points.
Stock starts as a downtrend
The pattern is completed once the stock breaks the neckline
TRIPLE BOTTOM

A triple bottom is formed when a stock makes three Tows of equal price points
Similar to a double bottom but just has one additional bottom
Stock starts as a downtrend
The pattern is completed once the stock breaks the neckline
Head & Shoulder Pattern

Trend reversal chart pattern that is formed with three peaks, the
outside two are close in height and the middle is highest

Trend reversal chart pattern that is formed by a

peak (shoulder), followed by a higher peak
(head), and then another peak (Shoulder)

Stock starts as an uptrend

The pattern is completed once the stock breaks

the neckline
Always wait for the break of the neck line
Inverse Head & Shoulder Pattern

Trend reversal chart pattern that is formed by a low

point (shoulder), followed by a Tower point (head),
and then another low (Shoulder).

Stock starts as a downtrend

The pattern is completed once the stock breaks the

neckline
Neck line break is very important
Triangle Patterns

Triangle patterns are continuation chart patterns that means the trend
takes a break to gather momemtum before the next breakdown

TYPES
ASCENDING TRIANGLE

DESCENDING TRIANGLE

SYMMETRICAL TRIANGLE
ASCENDING TRIANGLE

This pattern showcases that there is a certain level

that the buyers cannot seem to get the price over
known as resistance

However, every time this level gets rejected, the bulls

are stepping in earlier and earlier and creating higher
lows
Ultimately this pattern is setting up for a breakout
on the upside
DESCENDING TRIANGLE

This pattern showcases that there is a certain level that the sellers
cannot seem to get the price below known as support
However, every time this level gets rejected, the bears are stepping in
earlier and earlier and creating lower highs
Ultimately this pattern is setting up for a breakdown on the downside
Descending Triangle going in the opposite direction
SYMMETRICAL TRIANGLE

This pattern showcases that neither the buyers or sellers are in control.
This formation is making lower highs and higher lows and the slope gets
closer and closer.
The closer the slope gets, that means there is a breakout that is 'likely' to
happen on the up or downside.
Flags & Pennant Patterns

These are trend continuation patterns that are formed when

the market consolidates after a sharp upmove or downmove

Types
BULL FLAT

BULL PENNANT

BEAR FLAG

BEAR PENNANT
BULL FLAG

Bull flag is a chart pattern that occurs when a stock makes a

strong move up and then takes a break
The break looks like a flag
If the stock breaks the trendline resistance on the flag, there is
usually a possibility that the stock may continue moving up
BULL PENNANT

Bull pennant is a chart pattern that occurs when a stock makes a

strong move up and then takes a break
The break looks like a pennant
If the stock breaks the trendline resistance on the pennant, there
is usually a possibility that the stock may continue moving up
BEAR FLAG

Bear flag is a chart pattern that occurs when a stock makes a

strong move down and then takes a break
The break looks like a flag
If the stock breaks the trendline resistance on the flag, there is
usually a possibility that the stock may continue moving down
BEAR PENNANT

Bear pennant is a chart pattern that occurs when a stock makes a

strong move down and then takes a break
The break looks like a pennant
If the stock breaks the trendline support on the pennant, there is
usually a possibility that the stock may continue moving down
Wedge Patterns

Wedges form as a price movements tighten between two sloping trendlines

Types
RISING WEDGE

FALLING WEDGE
RISING WEDGE

Reversal chart pattern

Support trendline rises at a steeper rate than the
resistance line
Stocks price gets tighter and tighter showcasing that its
losing momentum
Even though the stock is making higher highs and higher
lows, momentum is decreasing
It can form in uptrend and also in downtrend
FALLING WEDGE

Reversal chart pattern

Resistance trendline decreases at a steeper rate than the
support line
Stocks price gets tighter and tighter showcasing that its Tosing
momentum
Even though the stock is making lower highs and lower Tows,
momentum is decreasing
Cup & Handle Pattern

The cup and handle pattern is a continuation pattern

The cup appears similar to a rounding bottom chart pattern and handle similar to flag

Types
CUP AND HANDLE

INVERSE CUP AND HANDLE

CUP & HANDLE

A pattern in which the upward trend has paused but will

continue in an upward direction once the pattern is confirmed
The pattern is completed once the stock breaks the handle or the
cup starting point level
Primarily found in higher timeframes.
INVERSE CUP & HANDLE

A pattern in which the downward trend has paused but will

continue in an downward direction once the pattern is confirmed
The pattern is completed once the stock breaks the handle or the
cup starting point level
Primarily found in higher timeframes.
MASTERING BREAKOUTS &
BREAKDOWNS
Breakouts and Breakdowns is where price goes through a critical
level such as support or resistance
Run up and Run down towards the critical level

Strong Breakout

Weak Breakout
Points to consider when looking for breakout setups
What does the higher timeframe, such as the daily chart tell me?
Where is the next critical level such as support or resistance?
Is the stock extremely volatile?
How is the runup or rundown into the critical level?
What is volume telling me?
Was there volume on the breakout
High volume showcases strong commitment
Low volume showcases weak commitment (False breaks)
Watch the candle formation to get an idea behind the move
Is there any supporting catalyst?
DISUSSION ON FALSE BREAKOUTS
 THE BREAKOUT CANDLE

Avoid Big Candle Breakouts

A big long candle broke the important zone but immediately a short candle appeared,
resulting in a fakeout
 THE BREAKOUT CANDLE

Avoid Long Wick Breakouts

Long top wick candles indicate a selling pressure, and those candles must be avoided when looking for long
opportunities. Long bottom wick candles indicate buying pressure and has to be avoided for short opportunities.
 THE BREAKOUT CANDLE
Has to be a momemtum candle breakout

Morethan 40 to 50% of body has to

break the level for better confirmation

It has to break the Previous Wicks

 ALSO LOOK FOR THESE

Check if the price makes a pullback or

Always wait for the candle to close.
consolidation before breaking out. If not then
more chances of it being a fake-out.

This candle broke a key level before closing but after

the candle close, we can see that it's clearly unable to
break the key level
 Assignment Discussion
Try identifying at least 1 chart pattern for each of the following

Try identifying at least 1 chart pattern for each of the following

Bull Flag
Bear Pennant
Rising Wedge - Downtrend
Falling Wedge - Uptrend
Descending Triangle Going Upside
Triple Bottom
Double Top
Head & Shoulders
Ascending Triangle
Cup & Handle

Spend quality screen time to improve pattern recognizing abilities

PUTTING EVERYTHING TOGETHER
PRACTICE PRICE ACTION LEARNINGS ON IGL CHART DAILY TF
q&A Session
 End of day 2 Session

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