Is there any way to predict the direction (up or down) of the next candle based on the previous candle or the previous candles.
Dear Long Hang Seng,Thank you very much for all of your efforts and for the videos that you are positing on your YouTube channel. I had learned a lot from your tips and tricks. I would highly apprecitae if you kindly answer my question:Is there any way to predict the direction (up or down) of the next candle based on the previous candle or the previous candles.
Thanks again for any clarification
if you want to predict next candle up or down
you have to identify same color continuation.
what is same colour continuation?
its 3 bull bars or 3 bear bars.
if 3 bear bars appears and color changed then buy
price go up.
if 3 bull bars appears and colour changed then sell
price go down.
if you fail, no problem.
next same colour continuation cover enough small loss.
and these days not need to predict next candlestick high or low.
because there are not same colour continuation.
here is video
in this video I want to say focus on candlestick body colour to identify same colour continuation for predict next candle up or down.