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Candlesticks tell a story, pay attention to how they form.
Here i emphasize on previous day candle and current day candle. Candlestick shows important information that may help understanding how buyers and sellers are reacting.
Previous Day Candlestick shows huge activities by the sellers but no doubt the activities should also continue the following day, the current day candle shows buyers gaining back their strengths after sellers had failed to keep pushing due to the support level identified.
Observing the Current Candlestick formation, if it closes like this then it could confirm buyer strength and hint at more upside movement.
Always let the candles guide you—they reveal the battle between buyers and sellers.
Candlesticks tell a story, pay attention to how they form.
Here i emphasize on previous day candle and current day candle. Candlestick shows important information that may help understanding how buyers and sellers are reacting.
Previous Day Candlestick shows huge activities by the sellers but no doubt the activities should also continue the following day, the current day candle shows buyers gaining back their strengths after sellers had failed to keep pushing due to the support level identified.
Observing the Current Candlestick formation, if it closes like this then it could confirm buyer strength and hint at more upside movement.
Always let the candles guide you—they reveal the battle between buyers and sellers.
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