It is better to select the next Candle closes outside the range of the Candle first time
I hope that you are well.
Thank you for your candlestick course which has made me a lot better at trading.
I’m trying to get better and more consistent and eliminate error trades.
Can you help with your video below.
My understanding is that – In summary if the next candle closes outside the range of the candle
before then in an uptrend the price will go up. And in a downtrend price will go down.
And if the price closes inside the range of the previous bar then the price direction will change?
As in go from downtrend to an uptrend (in an downtrend) or go from uptrend to downtrend (in an uptrend)
Long I want to read price action and candlesticks a lot more clearly, please help me.
I’ve been looking at your videos online…Please provide more..I am watching and grateful.
It is better to select the next candle closes outside the range of the candle first time not second outside.