Master Trader – The Power of BT and TT Candlesticks

Candlestick patterns are used to predict the future direction of price movement. However, candlesticks alone can be misleading as a signal.

Bottoming Tails (BT) and Topping Tails (TT) display commitment and often set up fantastic trading opportunities – particularly if after taking out prior lows or highs (i.e., a minor correction or Shakeout).

Candlesticks convey different messages of supply and demand.

Then we simply read those messages and look for high-probability setups using patterns of candlesticks in multiple time frames.

We are going to show you exactly what we mean and it’s a powerful setup.

What You’ll Learn In The Power of BT and TT Candlesticks

• The language of candlesticks and how to interpret price action in any time frame based on the messages on other time frames
• The high-probability Setups to trade
• How to read smaller time frames and see who is in control on the larger time frame
• The psychology behind the bars, including the Poker analogy of what is “the tell”
• BTs and TTs and what others have done, what are thinking and likely to do
• Watch us scan for new BT/TT trade setups and discuss what to look for in trading them in overall patterns with Price Voids
• Trading Tails using Master Trader Strategies (MTS) applies to trading or investing in any Index, ETF, Currency or Commodity in any time frame

More courses from the same author: Master Trader

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