Patterns
Price action patterns, explained
Price action patterns read structure: breaks of structure, changes of character, liquidity sweeps, fair value gaps and order blocks. WickSpeak finds 28 of them. Each page shows what it looks like, how to trade it and what proves it wrong.
No card for the live chart7 days freeCancel any time
Price action patterns 24 pages
1-2-3 bottomA 1-2-3 bottom is a low (point 1), a bounce (point 2), a higher low (point 3), then a close above the bounce.1-2-3 topA 1-2-3 top is a high (point 1), a dip (point 2), a lower high (point 3), then a close below the dip.Bear trap (failed breakdown)A bear trap is a close below the low of the last 20 candles that is back above that low within three candles, so the...Break and retest (bullish and bearish)A break and retest is when price breaks through a swing high or swing low, comes back to touch that same level from the...Break of structure down (bearish BOS)A bearish break of structure (BOS) is when a market already making lower lows closes below its last swing low: the...Break of structure up (bullish BOS)A bullish break of structure (BOS) is when a market already making higher highs closes above its last swing high: the...Bull trap (failed breakout)A bull trap is a close above the high of the last 20 candles that is back below that high within three candles, so the...Change of character down (bearish CHoCH)A bearish change of character (CHoCH) is when a market making higher lows closes below its last swing low for the first...Change of character up (bullish CHoCH)A bullish change of character (CHoCH) is when a market making lower highs closes above its last swing high for the...Equal highsEqual highs are two swing highs at almost the same price, with a pool of stop orders sitting just above.Equal lowsEqual lows are two swing lows at almost the same price, with a pool of stop orders sitting just underneath.Fair value gap (bullish and bearish)A fair value gap (FVG) is the space left when a strong candle moves so fast that the candle before it and the candle...Fakey pattern (bullish and bearish)A fakey is an inside bar that breaks out one way, traps the traders who followed it, and then closes back on the other...Gap downA gap down is a candle that opens clear below the low of the candle before it, which only happens in markets that close...Gap upA gap up is a candle that opens clear above the high of the candle before it, which only happens in markets that close...H patternAn H pattern is a sharp drop, a weak bounce that gets back less than half of it, then a close below the bottom of the...Inside bar breakout downAn inside bar breakout down is a small candle that sits entirely inside the candle before it, followed by a close below...Inside bar breakout upAn inside bar breakout up is a small candle that sits entirely inside the candle before it, followed by a close above...Inverted H patternAn inverted H pattern is a sharp rise, a weak dip that gives back less than half of it, then a close above the top of...Liquidity sweep of a high (stop hunt)A liquidity sweep of a high is when price pokes over the last swing high, where stop orders sit, and closes back below...Liquidity sweep of a low (stop hunt)A liquidity sweep of a low is when price dips under the last swing low, where stop orders sit, and closes back above...NR4 (narrowest of 4)NR4 means the narrowest of four: the candle with the smallest range (high to low) of the last four, a quiet moment that...NR7 (narrowest of 7)NR7 means the narrowest of seven: the candle with the smallest range (high to low) of the last seven, a very quiet...Order block retest (bullish and bearish)An order block is the last opposite candle before a move that broke the market's structure; an order block retest is...
Let WickSpeak read the chart with you
Open the live chart free for 30 minutes with no account, or start a free week with every indicator, pattern, Mentor and Playbook.