Tag: Module 4
Lesson 60 — Double Tops
Meet Double Tops Ever seen price climb a mountain, reach the peak… then try again only to get tired at the same spot? Congratulations — you’ve just spotted a double top. A double top is a price pattern where the market forms two peaks at roughly the same level, showing hesitation or resistance around that…
Lesson 59 — Basic Retracements
Meet Retracements Markets don’t move like rockets — they breathe.Even when price is trending strongly, it pauses, backs up a little, then continues. That backward step? That’s a retracement — a temporary counter-move within a trend. Retracements matter because they show that even strong trends need breaks, like an astronaut catching oxygen mid-spacewalk. 👉 Comic…
Lesson 58 — Basic Breakouts
Meet Breakouts Imagine price trapped behind a locked gate — pacing, tapping, gathering energy… Then — BAM! One candle punches through the gate. That’s a breakout — price breaking beyond a defined level of support or resistance. A breakout matters because it signals momentum strong enough to push past a barrier, revealing shifts in trader…
Lesson 57 — Corrections
Meet Corrections If impulses are market sprints, corrections are the oxygen breaks — slower, choppier pauses where price catches its breath. A correction is: Corrections matter because they show the market isn’t a straight-line rocket — even strong trends take breaks before deciding what’s next. 👉 Comic Illustration Idea #1:An astronaut runner stops mid-space sprint…
Lesson 56 — Impulses
Meet Impulses Ever seen price on a chart sprint like it just heard the ice cream truck?That sudden whoosh is called an impulse — a fast, aggressive move in one direction. An impulse is a burst of momentum where: Why do traders care?Because impulses show intent. They reveal when the market is not just strolling…