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    Candles

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    SIDOW ADEN
    1) Understanding the movement of price within a candlestick, including where it reaches its high, low, open and close, provides key insights about the balance of buyers and sellers. 2) Large wicks on a candlestick signal a shift in control from buyers to sellers or vice versa, as the initial move is exhausted before closing on the other side. 3) Examining the volume and lower time frame price action within a large wick can help identify where the breakdown in a previous structure occurred.

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    Candles

    Uploaded by

    SIDOW ADEN
    166 views6 pages
    1) Understanding the movement of price within a candlestick, including where it reaches its high, low, open and close, provides key insights about the balance of buyers and sellers. 2) Large wicks on a candlestick signal a shift in control from buyers to sellers or vice versa, as the initial move is exhausted before closing on the other side. 3) Examining the volume and lower time frame price action within a large wick can help identify where the breakdown in a previous structure occurred.

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    1) Understanding the movement of price within a candlestick, including where it reaches its high, low, open and close, provides key insights about the balance of buyers and sellers. 2) Large wicks on a candlestick signal a shift in control from buyers to sellers or vice versa, as the initial move is exhausted before closing on the other side. 3) Examining the volume and lower time frame price action within a large wick can help identify where the breakdown in a previous structure occurred.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    166 views6 pages

    Candles

    Uploaded by

    SIDOW ADEN
    1) Understanding the movement of price within a candlestick, including where it reaches its high, low, open and close, provides key insights about the balance of buyers and sellers. 2) Large wicks on a candlestick signal a shift in control from buyers to sellers or vice versa, as the initial move is exhausted before closing on the other side. 3) Examining the volume and lower time frame price action within a large wick can help identify where the breakdown in a previous structure occurred.

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    © All Rights Reserved
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    You are on page 1of 6

    Candles

    Behold the humble


    candle
    High

    Close

    The body represent volume


    of buyers for a bullish candle
    And Sellers for a bearish
    candle

    Open

    Low

    Understanding what price is doing inside a candle is key.


    There is a lot of detail within a single candle that we
    can easily ignore and forget.
    We don't need to know the names of the candles,
    How does knowing what a Doji candle benefit you
    if you dont actually know why its a doji? Where is the
    Logic there?
    There is none
    The Journey

    Creates the High of the candle

    Candle closes

    Price starts here at the open

    Creates the low of the candle


    Huge wick!
    What does it mean?
    This is the first sign of sellers entering the market.
    Why and how?
    Look at the volume on this bullish candle. Now for a
    bullish candle this is not normal volume with a wick
    this big. Follow the Journey of price within the candle.
    Where is price struggling to go?
    Higher right?
    Buyers are exhausted here.
    So this means Sellers are taking over here.

    How is this beneficial to us?

    What do we look for?


    We look to see where the shift in structure originated
    from right. Well this wick is the first indication of that.

    Now do you see the logic behind it?

    What also does this show then?

    Lower time frame Breaks of structure which causes


    the shift = Order block within here.
    Bullish candle
    Huge wick!
    What does it mean?
    This is the first sign of buyers entering the market.
    Why and how?
    Look at the volume on this bearish candle. Now for a
    bearish candle this is not normal volume with a wick
    this big. Follow the Journey of price within the candle.
    Where is price struggling to go?
    lower right?
    sellers are exhausted here.
    So this means buyers are taking over here.

    How is this beneficial to us?

    What do we look for?


    We look to see where the shift in structure originated
    from right. Well this wick is the first indication of that.

    Now do you see the logic behind it?

    What also does this show then?

    Lower time frame Breaks of structure which causes


    the shift = Order block within here.
    Bearish candle
    Overall,
    Understand price in a candle,
    When you see big wicks, question WTF is going in that candle??

    Test it, look a huge 4 hour or daily wick, then look at the minute structure
    within that wick.

    Learn to make sense of every detail and utilise this knowledge to the
    maximum.

    Happy trading

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