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Trend line channel failed breakouts candlesticks There are a number of times that a trader will find himself or herself closing his orders with a negative due to a reverse of an anticipated breakout. The breakout occurs prompting the trader to place an order, but after the breakout candlestick closes, the next candlestick to form…
basic rules for starting the day with the 15 min chart here is basic rule 1 identify previous high and low if today high is higher than previous high then trend strong price up this indicate black candlestick at bigger time frame this means bull candlestick if today low is lower than previous low then…
Candlestick Shadow (hege) means Price Cancellation Reader’s message —————— Are the wicks or tails as important as the body of the candle part. —————— Yes very important. shadow (hege) means price cancellation. long shadow (hege) was temporary long body. But cancelled. at that time many order traded. and trader psychology changed. shadow (hege) means…
readers message ——————— Merry X’mas to you and your family. Today I’ve attached a picture for you to see. I am a little confuse as why do the candle react this way. As my understanding of the color trading is getting better overtime but sometimes problems like this happen. I want to know whether is…
