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Riley's Candlestick Patterns Guide

The document outlines various trading patterns, including Head and Shoulders, Reversal Flags, Three Line Strikes, and Traps, detailing their bearish and bullish theories and realities. It emphasizes the importance of momentum and market structure in recognizing these patterns while noting unimportant factors that traders should overlook. Additionally, it promotes a trading program that has helped students achieve significant returns.

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zebedeizb
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0% found this document useful (0 votes)
449 views14 pages

Riley's Candlestick Patterns Guide

The document outlines various trading patterns, including Head and Shoulders, Reversal Flags, Three Line Strikes, and Traps, detailing their bearish and bullish theories and realities. It emphasizes the importance of momentum and market structure in recognizing these patterns while noting unimportant factors that traders should overlook. Additionally, it promotes a trading program that has helped students achieve significant returns.

Uploaded by

zebedeizb
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Riley Coleman

Riley’s Favorite
Trading Patterns
Market Structure &
Candlestick Patterns

Rileycolemantrading.com
Riley Coleman

Head and Shoulders Pattern


Bearish
Theory Reality

Keys to This Pattern:

Large move to give


Larger then normal
room to
rejection shows a
reverse/profit
change in momentum

These rules apply to the bullish version too. Rileycolemantrading.com


Riley Coleman

Head and Shoulders Pattern


Bullish
Theory Reality

Unimportant Factors:

That the neckline is That the middle


flat swing is a lot
farther than the
side swings

These rules apply to the bearish version too.


Rileycolemantrading.com
Riley Coleman

Reversal Flag

Bearish
Theory Reality

Keys to This Pattern:

Strong momentum
with no pullbacks Market goes from
increases it’s directional
chance to fail + At a movement to
at major sideways movement
resistance/support
zone
These rules apply to the bullish version too. Rileycolemantrading.com
Riley Coleman

Reversal Flag
Bullish
Theory Reality

Unimportant Factors:

Consolidates into
a box perfectly Has multiple
clear swings. The
importance is the
loss of
momentum

These rules apply to the bearish version too. Rileycolemantrading.com


Riley Coleman

Three Line Strike

Bearish

Theory Reality

Keys to This Pattern:

Large reversal
Don’t use this by candle gives back
itself. Couple it movement of last
with other 3-5 candles.
indications of a
reversal

These rules apply to the bullish version too. Rileycolemantrading.com


Riley Coleman

Three Line Strike

Bullish
Theory Reality

Unimportant Factors:

What the
candlesticks Which candlestick
leading up to the
make the extreme
reversal look like.
It’s about showing a
low/high
loss of momentum

These rules apply to the bearish version too. Rileycolemantrading.com


Riley Coleman

Traps

Bearish
Theory Reality

Resistance Level

Keys to This Pattern:

The reversal is right


after the strong
The move starting breakout and just
the trap needs to
as fast of a move if
be strong & not
not more
normal in the
current trend.
These rules apply to the bullish version too. Rileycolemantrading.com
Riley Coleman

Traps

Bullish
Theory Reality

Unimportant Factors:
This low doesn’t
need to break a
The volume of the major
breakout vs support/resistance
reversal doesn’t zone but be near it
matter the price
and break the most
movement and
recent chop before
velocity is

These rules apply to the bearish version too.


Rileycolemantrading.com
Riley Coleman

Reversal Candlestick Patterns

Rileycolemantrading.com
Riley Coleman

Reversal Candlestick Patterns

Rileycolemantrading.com
Riley Coleman

Common Trading Patterns

Rileycolemantrading.com
Riley Coleman

Common Trading Patterns

Rileycolemantrading.com
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for these two students below.

This student below made 47% return on their account in the


first year.

These traders had this drastic change after they joined my 90


day confident trader program + trading community. Click the
link below to learn more!

Accelerate Your Trading Journey

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