The Price Action Cheat Sheet
The Price Action Cheat Sheet
Open Price
BULLISH CANDLESTICK
• Larger candle body engulfs the
previous candle showing a
shift in momentum to the
upside
• Price is likely to rise
BULLISH ENGULFING
• 2 pins in the bottom
make this setup Tweezer
Bottoms
• Long lower tails show a
rejection of lower price
• Price is likely to rise
TWEEZER BOTTOMS
• Closing price is higher
than the open
• Long lower tails shows a
rejection of lower price
• Price is likely to rise
BULLISH PINBAR
• 3 candlestick pattern
• Middle indecision candle followed by a
bullish engulfing candle shows a shift
in momentum to the upside
• Price is likely to rise
MORNING STAR
Bearish Candlestick Patterns
BEARISH CANDLESTICK
• Larger candle body engulfs the
previous candle showing a shift in
momentum to the downside
• Price is likely to drop
BEARISH ENGULFING
• 2 pins on the top make
this setup Tweezer Tops
• Long upper tails show a
rejection of higher price
• Price is likely to drop
TWEEZER TOPS
• Closing price is lower
than the open
• Long upper tails show a
rejection of higher price
• Price is likely to drop
BEARISH PINBAR
• 3 candlestick pattern
• Middle indecision candle followed by a
bearish engulfing candle shows a shift
in momentum to the downside
• Price is likely to drop
EVENING STAR
• Small candle bodies
• Candle body can be red or green
• Long tails on both sides of the candle
show indecision in the market
• Price can move in either direction
SPINNING TOPS
Chart Patterns
Thanks for Checking out our price action cheat
sheet! Feel free to print these out.
Overview:
You get 3 price action trade alerts each week
(on specific markets) based on a unique price
action pattern trading strategy that Tim Black
uses.