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Power Candle Trading Strategy

What is a Power Candle?
A power candle is a basic single candle formation containing a very large and thick body; think along the lines of a marubozu). At the closing end of the candle, there shouldn’t be any large wicks producing from the body, and the closing price must be located aggressively towards the closing direction of the candle.

For example, if the candle closed higher than its open price (a bullish candle), then there must be no large upper wicks, closing nice and close to the candle highs. Alternatively, if it closed bearish (close price is lower than the open price), then we want to see the close price located near the low of the candle with no large lower wicks poking out the bottom of the body.

To qualify as a power candle, it’s important that the range of the candle (high-low) is larger than the surrounding candles. The candle must have a dominant presence on the chart that communicates a decisive move took place during the candle’s open period.
In Figure 1 Notice how the bullish Power Candle is very large in range, and is larger than the surrounding candlesticks.

In Figure 2 is the bearish power candle. The anatomy of the power candle is very large and should easily grab your attention when you first glance at the chart.

Figure 3 is an example of a candlestick that does not qualify as a Power Candle…
Here the candlestick does not have a strong close near its high. The candle experienced some bullish rejection into the close of the candle, leaving an upper wick protruding from the body of the candle, which is no good to us.

How Power Candles Can be Used in Price Action Trading
When a power candle forms, the momentum generally flows on into the next few candlesticks. This is the movement we want to catch…
in Figure 4 The chart shows a large bullish Power Candle setup. Notice how the bullish momentum continues into the next few trading sessions.
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