Trade Desk
Candlestick & Price-Action Study — Eva Trade Desk (09 Sep 2026)
Young's 6-video course + curated guides. Desk study notes — the framework I
now apply to every scan and Eva's Read. Core principle across all sources:
trend first, location second, pattern third.
Candlestick & Price-Action Study — Eva Trade Desk (09 Sep 2026)
Young's 6-video course + curated guides. Desk study notes — the framework I now apply to every scan and Eva's Read. Core principle across all sources: trend first, location second, pattern third.
The curriculum
| # | Video | Topic | Core lesson |
|---|---|---|---|
| 1 | Bollinger Bands (Jn3P-SSCiRU) | Volatility | Bands = volatility envelope; squeeze → expansion; setups: breakout / reversal / pullback |
| 2 | Fibonacci retracements (Xu8d1K9SMsA) | Levels | Golden Zone 0.618–0.786 of last swing = high-probability entry area; mechanical swing-point framework |
| 3 | Moving Averages — 7 hacks (6flHiM5-n50) | Trend | MA = trend + dynamic support/resistance; MA orientation defines market stage |
| 4 | Two-Candle Theory (mieguyQOe5k) | Sentiment | Compare close positions across candle pairs — beats memorising 40 patterns |
| 5–6 | (fetch blocked, revisit) | Candle basics | — |
Candle anatomy
Four data points per candle: open, high, low, close.
- Green body: close > open (buyers won) · Red: close < open
- Wicks = rejected extremes (longer wick = stronger rejection)
- Body size = conviction (marubozu = full body, no wicks, one-side control)
- The same shape means OPPOSITE things at the top vs bottom of a move
The 10 patterns worth memorising
Bullish reversals (after decline, ideally AT MA/support):
- Hammer — small body, long lower wick. Edge = hammer + NEXT green candle (hammer alone ≈ coin flip)
- Bullish engulfing — up body engulfs prior down body (~63% reversal rate). Best after a 3–5 day pullback in an uptrend
- Morning star — long red → small star → strong green closing deep into candle 1
- Piercing line — up close above prior candle's midpoint
Bearish reversals (after uptrend):
- Hanging man — hammer shape AT THE TOP (position flips meaning)
- Shooting star — long upper wick = buyers rejected at highs
- Bearish engulfing — big red body covers prior green body
- Dark cloud cover — opens high, closes below prior midpoint
Continuation:
- Rising three methods — big green, 3 drifters inside, big green
- Falling three methods — bearish mirror
Tells: Doji at an extreme (resolves in trend direction) · Marubozu (pure conviction) · Tweezers (double rejection at same level) · Dragonfly doji
The desk workflow (4-layer stack)
- Trend/stage → MA20/MA50 relationships (already in scans)
- Volatility state → Bollinger squeeze precedes expansion
- Level quality → Fib Golden Zone of the last swing
- Trigger → candle confirmation AT the level — then act
Desk integration rules
- Breakout candles: close position decides quality — close near high = conviction breakout; close near low = bull-trap warning
- Pattern + confirmation candle = edge; pattern alone = coin flip
- Failure modes to journal: hammer's lower-low next session; engulfing without follow-through; gap-fill against the star
- Rate the sector through this lens before acting: e.g. ZIP'sh fall was low-volume drift (no capitulation candles yet = no bottom confirmation); EML's high-volume flush days = classic capitulation shape at lows