Candleread
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Grade 7 of 10

Price Action Lab

Read the chart itself: timeframes, Fibonacci, volume, patterns and zones.

57 lessons · about 170 minutes · Badge: Pattern Spotter

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Start Grade 7

After this grade you can

  • Look top down from big timeframe to small
  • Use Fibonacci levels as a map, not a promise
  • Spot classic chart patterns
  • Find supply and demand zones

Lessons

Multi-Timeframe Analysis

  1. 1The top-down frameworkExplain how the top-down framework uses three timeframes to move from bias to entry.3 min
  2. 2Bias from Daily, refinement on 4H, entry on 15mApply the bias-refinement-entry sequence across Daily, 4H, and 15m charts.3 min
  3. 3When timeframes disagree (and why Daily wins)Justify why the higher timeframe takes precedence when timeframe signals conflict.3 min
  4. 4The higher-timeframe retest entryIdentify a higher-timeframe retest entry by waiting for price to return to a broken HTF level.3 min
  5. 5HTF level + LTF confirmation patternApply the HTF-level-plus-LTF-confirmation pattern to a worked entry.3 min
  6. 6Alignment hierarchy: HTF wins, alwaysJustify the strict HTF-over-LTF hierarchy and apply it when ranking conflicting signals.3 min
  7. 7Timeframe scaling: swing, intraday, scalpDistinguish which timeframe trio fits swing, intraday, and scalp trader profiles.3 min
  8. 8When to ignore the smaller timeframeIdentify situations where lower-timeframe signals should be deliberately ignored.3 min
  9. 9Building a routine: daily HTF prepDerive a repeatable daily HTF prep routine that sets up the trading day in under 15 minutes.3 min
  10. 10Common MTF mistakesIdentify the most common multi-timeframe analysis mistakes and the corrections for each.3 min

Fibonacci Retracement

  1. 11The common retracement levelsMemorize the five Fibonacci retracement levels and what each one tends to mean.3 min
  2. 12How to draw Fibs: swing low to swing highDemonstrate the correct way to anchor a Fibonacci retracement on a trending chart.3 min
  3. 13Fib confluence: where two retracements alignShow how stacking two Fibs from different swings creates higher-probability reaction zones.3 min
  4. 14Extension levels: projecting where price might goUse Fibonacci extension levels to project targets beyond the previous swing high or low.3 min
  5. 15Fib in ranging markets: when it doesn't workRecognize when Fibonacci tools are unreliable and what to do instead.3 min
  6. 16Fib pitfalls: drawing on the wrong swingAvoid the most common Fibonacci mistakes that produce useless levels.3 min
  7. 17Fib clusters across timeframesBuild stronger reaction zones by stacking Fibonacci levels from multiple timeframes.3 min

Volume Analysis

  1. 18Volume basics: what it actually measuresDefine volume and explain why forex uses tick volume as a proxy while stocks and crypto report real volume.3 min
  2. 19Rising price + rising volume = healthy trendRecognize the textbook bullish confirmation pattern where price and volume move together.3 min
  3. 20Falling price + rising volume = active distributionRecognize when sellers are committed, not just absent, by reading the down-volume signature.3 min
  4. 21Volume spikes: exhaustion or breakout?Interpret a volume bar 2-3x the recent average using the surrounding context (range, trend, news).3 min
  5. 22Volume profile basics: where price spent the most timeRead a volume profile histogram and identify High Volume Nodes (HVN), Low Volume Nodes (LVN), and the Point of Control (POC).3 min
  6. 23VWAP: the institutional fair-price lineUse VWAP (volume-weighted average price) as an intraday bias filter and explain why institutions watch it.3 min
  7. 24The accumulation/distribution lineRead the A/D line as a flow indicator and spot divergence between cumulative flow and price action.3 min
  8. 25On-balance volume (OBV) basicsRead the OBV indicator and spot OBV/price divergence as a trend confirmation tool.3 min
  9. 26Volume in crypto: more reliable than forexUse crypto exchange volume as a higher-quality signal than forex tick volume, while watching for wash-trading caveats.3 min
  10. 27Reading volume on illiquid pairsHandle low-liquidity instruments where volume signals can mislead, and learn to cross-reference with majors.3 min

Classic Chart Patterns

  1. 28Head and shoulders (and inverse)Identify the three-peak structure of a head and shoulders top and its mirror image at a bottom.3 min
  2. 29Double top and double bottomSpot two failed attempts at the same level and identify when the pattern is confirmed.3 min
  3. 30Triple top and triple bottomRecognize three failed attempts at the same level and understand why the pattern is less common but more emphatic.3 min
  4. 31Ascending and descending trianglesIdentify ascending and descending triangles and understand their directional bias.3 min
  5. 32Symmetrical trianglesIdentify symmetrical triangles as continuation patterns and understand why they typically break in the prior trend's direction.3 min
  6. 33Bull flags and bear flagsRecognize flag continuation patterns as small pullbacks after a sharp move.3 min
  7. 34Rising and falling wedgesDistinguish a rising wedge from a bull flag and recognize wedges as reversal warnings.3 min
  8. 35Rectangles and consolidationRecognize a rectangle range and understand that the breakout direction is what matters.3 min
  9. 36Cup and handleIdentify a cup and handle structure and the breakout level that completes it.3 min
  10. 37The statistical truth about pattern win ratesUnderstand why published pattern win rates are unreliable and where real pattern edge actually comes from.3 min

Supply and Demand Zones

  1. 38Zones, not linesUnderstand why supply and demand are best drawn as zones rather than precise lines.3 min
  2. 39Identifying supply zonesLearn to spot supply zones at the origin of strong selling moves.3 min
  3. 40Identifying demand zonesLearn to spot demand zones at the origin of strong buying moves.3 min
  4. 41Fresh vs tested zonesUnderstand why fresh zones carry higher probability than zones price has already revisited.3 min
  5. 42Mitigation entry patternsLearn the mitigation concept and how to structure entries when price returns to a zone.3 min
  6. 43Rally-base-drop and drop-base-rally formationsRecognize the two canonical zone formation patterns and what each tells you.3 min
  7. 44Liquidity grabs into zonesRecognize when price sweeps stops just past a zone before reversing, and how to read it.3 min
  8. 45Zone failure and continuationRecognize when a zone has truly broken and how to act on continuation rather than fight it.3 min
  9. 46Multi-timeframe zone alignmentUnderstand why higher timeframe zones carry more weight and how to align across timeframes.3 min
  10. 47S/D standalone vs S/D in confluence, and the trapUnderstand when to use supply and demand alone, when to add limited confluence, and why over-stacking tools is its own failure mode.3 min

Indicator-Free Price Action

  1. 48Why some pros use no indicators at allUnderstand the philosophical case for trading from raw price alone, and why some professional traders strip every indicator off their charts.3 min
  2. 49Reading raw market structure: HH, HL, LH, LLRead market direction directly from the sequence of swing highs and swing lows, without any indicator.3 min
  3. 50The clean chart philosophyUnderstand why simpler charts often lead to faster, clearer decisions than indicator-stacked charts.3 min
  4. 51When indicators help versus when they hurtIdentify the situations where adding an indicator genuinely improves your trading versus when it actively damages your decision quality.3 min
  5. 52Choosing one indicator if you must use onePick the single most useful indicator for your style without falling into the trap of stacking several at once.3 min
  6. 53The indicator stacking trapRecognize why stacking many correlated indicators produces the illusion of confirmation rather than real edge.3 min
  7. 54Building a price-action-only systemAssemble a complete trading system using only structure, support and resistance, and candle context, with no indicators.3 min
  8. 55Blending price action with one supportive indicatorAdd a single indicator to a price-action-first system the right way, without falling back into stacking.3 min
  9. 56Learning to see without indicatorsBuild the pattern recognition skill needed to read raw charts confidently, step by step over time.3 min
  10. 57The post-indicator trader's playbookInternalize the long arc most professional traders walk: from indicator-heavy beginnings to deliberate simplicity.3 min

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