The candlestick that shows the first sign of a reversal (e.g., a bullish reversal bar at a new low).
The PDF files cover a wide range of topics related to price action reversals, including:
When a major reversal occurs, institutional computer algorithms shift their bias from "Always In Long" to "Always In Short" (or vice versa), causing a rapid expansion in bar size and volume. Taking Profits: The 2-Leg Rule
Markets rarely reverse in a straight line; they usually move in a primary leg, form a minor pause or correction, and then complete a secondary leg.
Al Brooks is a professional trader, author, and former ophthalmologist who became famous in the trading community for his exhaustive four-book series on price action trading. His methodology relies entirely on reading raw price charts—specifically five-minute candlestick charts—without the aid of lagging indicators like MACD, RSI, or moving average crossovers (with the exception of a 20-period Exponential Moving Average).
