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Simplified Approach to read Candlesticks -Easy Candles ~ Part 1
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Introduction
⦿ Candles form the basis of chart creation and analysis.
⦿ A weak foundation can destabilise your entire structure. This thread will clarify and simplify your understanding of price candles.
I use two types of candles on charts:
1. Momentum/trending candles
2. Ranging/trading candles
Understanding these eliminates the need to memorize complex candle names (e.g., Marubozu, Harami bullish) cause every candlestick pattern is formed with combination of these 2 candels only.
Definitions:
⦿ Momentum candle: Body >50% of total size
⦿ Range candle: Body <50% of total size
Decode Momentum Candle
⦿ Only Buyers here - Clear Trend
Decode Range Candle
⦿ Both Buyers & Sellers here - No Trend
⦿ Indecision mode among participants.
⦿ Understand what major players did in the last candle to predict their next move.
⦿ Don't just memorise candle names; grasp the psychology behind them.
⦿ I'll share the levels of candle strength to elevate your candle reading.
♦️Stay tuned and follow for more educational
content.
Introduction
⦿ Candles form the basis of chart creation and analysis.
⦿ A weak foundation can destabilise your entire structure. This thread will clarify and simplify your understanding of price candles.
I use two types of candles on charts:
1. Momentum/trending candles
2. Ranging/trading candles
Understanding these eliminates the need to memorize complex candle names (e.g., Marubozu, Harami bullish) cause every candlestick pattern is formed with combination of these 2 candels only.
Definitions:
⦿ Momentum candle: Body >50% of total size
⦿ Range candle: Body <50% of total size
Decode Momentum Candle
⦿ Only Buyers here - Clear Trend
Decode Range Candle
⦿ Both Buyers & Sellers here - No Trend
⦿ Indecision mode among participants.
⦿ Understand what major players did in the last candle to predict their next move.
⦿ Don't just memorise candle names; grasp the psychology behind them.
⦿ I'll share the levels of candle strength to elevate your candle reading.
♦️Stay tuned and follow for more educational
content.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.