Patrones de Velas

Learn to interpret candlestick patterns with this essential Price Action guide. Understand visual formations for informed trading decisions.

Published · Updated · Methodology: Price Action

Part of: Candlestick Patterns

  • Methodology: Price Action
  • Content type: educational

Source video

Decoded from: La Guía Definitiva de Patrones de Velas que Todo Trader Debe Conocer by Mariotrades — watch the original

Key timestamps:

  • 0:00 - Introduction to candlestick patterns

Strategy overview

A candlestick pattern is a named shape formed by one or a few price bars — the relationship between open, high, low and close — read as a compact statement about who won the fight inside that period. What sets this entry apart is that it is not a setup but a compendium: the source is Mariotrades' Spanish-language guide "La Guía Definitiva de Patrones de Velas que Todo Trader Debe Conocer", and its title makes a coverage claim rather than a performance one. The promise is vocabulary — the set of shapes a trader is expected to recognize on sight — not a method for turning any particular one into a trade.

That framing explains the shape of the record. No indicators are listed because a candlestick pattern has nothing to overlay: the signal is the bar itself, drawn from the same data the chart is already made of. No timeframe is listed because the definitions are interval-agnostic by construction — an engulfing bar is defined identically on a 1-minute chart and a weekly one, even though what it implies about participation and follow-through is not remotely the same. Filing the entry under Price Action is the honest classification for a topic that lives entirely in the raw price series.

Two limits are worth stating plainly. The source carries a single chapter marker at 0:00 covering the introduction, so which patterns the guide includes, how it groups them, and how much weight it gives each one cannot be recovered from the material captured here — a compendium's value is mostly in its table of contents, and that is exactly what is missing. And a pattern on its own is a condition, not a strategy: recognition tells you what formed, while location in the trend, the level it forms against, what confirms it and what invalidates it are the parts that decide whether it is worth acting on. No rule set was extracted for this entry, so treat it as a pointer to the source guide rather than a mechanical system.

Topics

price action · trading strategy · candlestick patterns · market analysis · technical analysis · trading for beginners · candlestick strategy · chart patterns · tradingview strategy · forex strategy

Frequently asked questions

What are candlestick patterns in trading?

They are named shapes formed by the open, high, low and close of one or a few price bars — such as engulfing bars, dojis or hammers — used as shorthand for how buyers and sellers resolved that period. They describe what happened inside the bar; they do not by themselves specify an entry, a stop or a target.

Do candlestick patterns work on any timeframe?

The definitions are timeframe-agnostic: the same geometric rules identify a pattern on a 5-minute chart and on a daily one, which is why entries like this list no specific interval. What changes with the timeframe is the weight of the evidence — how many participants transacted to form that bar, and how much noise surrounds it — so the same shape carries very different information at different intervals.

Why does this entry list no indicators?

Because candlestick reading is not an indicator technique. The pattern is derived directly from the price bars rather than from a calculation plotted on top of them, so there is nothing to record in an indicator or settings field. The empty fields are descriptive of the method, not a gap in the record.

How do you turn a candlestick pattern into a testable strategy?

By fixing everything the pattern leaves open before you look at results: where on the chart it must appear, what trend or level context is required, what counts as confirmation, and where the idea is wrong. Once those are declared in advance, the setup can be backtested on historical data instead of assessed from selected examples. Strategy Decoder extracts the structure of strategies from video sources so they can be evaluated and tested on TradingView.

About this strategy page

This trading strategy was decoded by Strategy Decoder's AI from a public YouTube trading video and turned into a structured, reviewable specification. In the interactive app this page shows the full entry and exit logic, risk management settings, the indicators involved with their parameters, AlgoWizard-compatible logic and a Pine Script export ready for TradingView backtesting — plus an automated backtest verdict when one has been computed for this strategy.

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